Harley-Davidson (WBO:HOG) Inventory Turnover : 1.43 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Harley-Davidson 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. Harley-Davidson's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,121 Mil. Harley-Davidson's Average Total Inventories for the quarter that ended in Mar. 2024 was €785 Mil. Harley-Davidson's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harley-Davidson's Days Inventory for the three months ended in Mar. 2024 was 63.89.

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. Harley-Davidson's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Harley-Davidson Inventory Turnover Historical Data

The historical data trend for Harley-Davidson'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.

Harley-Davidson Inventory Turnover Chart

Harley-Davidson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

6.00

4.53

5.73

4.47

3.83

Harley-Davidson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.21	1.04	1.22	0.84	1.43

Harley-Davidson Inventory Turnover Calculation

Harley-Davidson'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 )
=	3351.347	/ (	(897.706	+	852.765)	/	2 )
=	3351.347	/	875.2355
=	3.83

Harley-Davidson's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1121.114	/ (	(852.765	+	717.209)	/	2 )
=	1121.114	/	784.987
=	1.43

Harley-Davidson (WBO:HOG) 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.

Harley-Davidson's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	784.987	/	1121.114	*	365 / 4
	=	63.89

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.

Harley-Davidson's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	784.987	/	1591.238
	=	0.49

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.

Harley-Davidson Inventory Turnover Related Terms

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

Harley-Davidson (WBO:HOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harley-Davidson Inc (WBO:HOG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HOG:USA HOG:Mexico 1HOG:Italy HAR:Germany H1OG34:Brazil HOG:Argentina

Address

3700 West Juneau Avenue, Milwaukee, WI, USA, 53208

Website

https://www.harley-davidson.com

Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.