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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. Hawaiian Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $688 Mil. Hawaiian Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $57 Mil. Hawaiian Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.07.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hawaiian Holdings's Days Inventory for the three months ended in Dec. 2023 was 7.56.
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. Hawaiian Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.
The historical data trend for Hawaiian Holdings'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.
Hawaiian Holdings'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 ) |
= | 2698.2 | / ( | (36.875 | + | 60.115) | / | 2 ) |
= | 2698.2 | / | 48.495 | ||||
= | 55.64 |
Hawaiian Holdings'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 ) |
= | 687.733 | / ( | (53.817 | + | 60.115) | / | 2 ) |
= | 687.733 | / | 56.966 | ||||
= | 12.07 |
* 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.
Hawaiian Holdings (NAS:HA) 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.
Hawaiian Holdings'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 |
= | 56.966 | / | 687.733 | * | 365 / 4 | |
= | 7.56 |
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.
Hawaiian Holdings'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 ) |
= | 56.966 | / | 669.074 | |
= | 0.09 |
* 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.
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.
Thank you for viewing the detailed overview of Hawaiian Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Aaron J Alter | officer: Exec VP & Chief Legal Officer | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Avi Mannis | officer: See Remarks | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Brent Overbeek | officer: EVP. Chief Revenue Officer | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Crystal Rose | director | 47-460 WAIHEE PLACE, KANEOHE HI 96744 |
Daniel W. Akins | director | C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Richard N Zwern | director | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Jonathan D. Snook | officer: Executive VP and COO | 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
William S Swelbar | director | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET SUITE G, HONOLULU HI 96819 |
Wendy A. Beck | director | C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126 |
Craig Vosburg | director | 2000 PURCHASE STREET, PURCHASE NY 10577 |
Mark D. Schneider | director | C/O HAWAIIAN HOLDINGS INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Donald J Carty | director | C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244 |
Shannon Lei Okinaka | officer: SVP and Interim CFO | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Theodoros Panagiotoulias | officer: SVP - Global Sales & Alliances | C/O HAWAIIAN AIRLINES INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
H Jayne Hrdlicka | director | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
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