Haverty Furniture (Haverty Furniture) Total Inventories

: $94.0 Mil (As of Dec. 2023)

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Haverty Furniture's total inventories for the quarter that ended in Dec. 2023 was $94.0 Mil. Haverty Furniture's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $98.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Haverty Furniture's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haverty Furniture's Days Inventory for the three months ended in Dec. 2023 was 112.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Haverty Furniture's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Haverty Furniture's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Haverty Furniture Total Inventories Historical Data

The historical data trend for Haverty Furniture's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Haverty Furniture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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104.82

89.91

112.03

118.33

93.96

Haverty Furniture Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															118.33	114.25	114.72	102.33	93.96

Haverty Furniture Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Haverty Furniture (NYSE:HVT) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Haverty Furniture's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(120.635	+	0.75 * 0	+	0.5 * 93.956	-	345.767
-	0	-	0)	/	16.147
=	-11.03

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Haverty Furniture's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	98.145	/	79.329	*	365 / 4
	=	112.89

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Haverty Furniture's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	79.329	/	98.145
	=	0.81

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Haverty Furniture's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	98.145	/	210.744
	=	0.47

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Haverty Furniture Total Inventories Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

HVT.A:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.

Executives

John Linwood Gill	officer: Vice President, Operations	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30157
Rawson Jr Haverty	director, officer: Senior Vice President
Vicki R Palmer	director	PO BOX 723040, ATLANTA GA 30339
Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Richard B Hare	officer: Executive Vice President & CFO	CARMIKE CINEMAS INC, 1301 FIRST AVENUE, COLUMBUS GA 31901
Clarence H Smith	director, officer: President & CEO	780 JOHNSON FERRY RD., SUITE 800, ATLANTA GA 30342
Steven G Burdette	officer: Senior Vice President
Jenny H Parker	officer: Vice Pres., Secy. & Treas.
Michael R Cote	director	1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
Kelly Allen Fladger	officer: SVP, Chief HR Officer	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
Alfredo Trujillo	director
J Edward Clary	officer: Chief Information Officer
Derek Gordon Schiller	director	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
G. Thomas Hough	director	P.O. BOX 407, LAKELAND FL 33802
Helen Berry Bautista	officer: Vice President, Marketing	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342