L3Harris Technologies (FRA:HRS) Inventory Turnover : 2.50 (As of Dec. 2023)

View and export this data going back to 1955. Start your Free Trial

What is L3Harris Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. L3Harris Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €3,608 Mil. L3Harris Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was €1,442 Mil. L3Harris Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. L3Harris Technologies's Days Inventory for the three months ended in Dec. 2023 was 36.47.

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. L3Harris Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

L3Harris Technologies Inventory Turnover Historical Data

The historical data trend for L3Harris Technologies's Inventory Turnover 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.

* Premium members only.

L3Harris Technologies Inventory Turnover Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

11.79

18.94

13.19

10.97

10.21

L3Harris Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.43	2.32	2.23	2.28	2.50

L3Harris Technologies Inventory Turnover Calculation

L3Harris Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	13118.602	/ (	(1218.704	+	1349.824)	/	2 )
=	13118.602	/	1284.264
=	10.21

L3Harris Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3608.395	/ (	(1534.806	+	1349.824)	/	2 )
=	3608.395	/	1442.315
=	2.50

L3Harris Technologies (FRA:HRS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

L3Harris Technologies'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
	=	1442.315	/	3608.395	*	365 / 4
	=	36.47

2. 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.

L3Harris Technologies'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 )
	=	1442.315	/	4896.78
	=	0.29

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

L3Harris Technologies Inventory Turnover Related Terms

Thank you for viewing the detailed overview of L3Harris Technologies's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

L3Harris Technologies (FRA:HRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (FRA:HRS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LHX:USA LHX:Mexico HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

L3Harris Technologies (FRA:HRS) Headlines

No Headlines