Harvey Norman HoldingsHNORF 54 Days Inventory is 102.97 as of Dec. 2025, which is 11% above its 10-year median of 92.88. GuruFocus rates HNORF with a GF Score™ of 54/100 and a GF Value™ of $4.19 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Harvey Norman Holdings ranks worse than 52.53% on this metric.
The historical rank and industry rank for Harvey Norman Holdings's Days Inventory or its related term are showing as below:
HNORF'
s Days Inventory Range Over the Past 10 Years
Min: 86.47 Med: 92.88 Max: 111.95
Current: 111.95
During the past 13 years, Harvey Norman Holdings's highest Days Inventory was 111.95. The lowest was 86.47. And the median was 92.88.
HNORF's Days Inventory is ranked worse than 52.53% of 1087
companies
in the Retail - Cyclical industry
Industry Median: 104.57
vs HNORF: 111.95
Harvey Norman Holdings's Days Inventory
declined
from Dec. 2024 (109.64) to Dec. 2025 (102.97).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Harvey Norman Holdings's Inventory Turnover for the
six
months ended in Dec. 2025 was 1.77.
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.
Harvey Norman Holdings's Inventory-to-Revenue for the
six
months ended in Dec. 2025 was 0.30.
Harvey Norman Holdings (OTCPK:HNORF) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Harvey Norman Holdings's Inventory Turnover for the
six
months ended in Dec. 2025 is calculated as
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.
Harvey Norman Holdings's Inventory to Revenue for the
six
months ended in Dec. 2025 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Harvey Norman Holdings Days Inventory Related Terms
Harvey Norman Holdings Days Inventory Historical Data
* Premium members only.
The historical data trend for Harvey Norman Holdings's Days Inventory 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.
HNORF vs CASY, WSM, ULTA: Days Inventory Comparison
For the Specialty Retail subindustry, Harvey Norman Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Harvey Norman Holdings Days Inventory vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Harvey Norman Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Harvey Norman Holdings's Days Inventory falls into.
* 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.
Harvey Norman Holdings (HNORF) has a Days Inventory of 102.97 as of Dec. 2025. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Harvey Norman Holdings and its competitors. This is 11% above median its historical median of 92.88. Over the past decade, Harvey Norman Holdings' Days Inventory has ranged from 86.47 to 111.95. According to the industry distribution chart, Harvey Norman Holdings ranks #571 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 52.5%.
Is Harvey Norman Holdings' Days Inventory too high?
Harvey Norman Holdings' current Days Inventory of 102.97 is 11% above median its 10-year median of 92.88. Over the past 10 years, this metric has ranged from a low of 86.47 to a high of 111.95. The Retail - Cyclical industry median Days Inventory is 104.57. Harvey Norman Holdings' value of 102.97 is 1.5% below this industry median. Based on the distribution chart, Harvey Norman Holdings ranks #571 out of 1087 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Harvey Norman Holdings has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvey Norman Holdings' Days Inventory compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Harvey Norman Holdings ranks #571 out of 1087 companies for Days Inventory. This places Harvey Norman Holdings in the lower half of its industry. The industry median Days Inventory is 104.57. Harvey Norman Holdings' value of 102.97 is 1.5% below this benchmark. Historically, Harvey Norman Holdings' own Days Inventory has ranged from 86.47 to 111.95 over the past decade. While the company's 10-year median is 92.88 vs. the industry median of 104.57, Harvey Norman Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Retail - Cyclical company?
The median Days Inventory among Retail - Cyclical companies is 104.57, based on 1,087 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harvey Norman Holdings's current Days Inventory of 102.97 is 1.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Harvey Norman Holdings and its competitors. For the Retail - Cyclical industry, the median Days Inventory is 104.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvey Norman Holdings's current Days Inventory is 102.97, which is 11% above median its own 10-year median of 92.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvey Norman Holdings stock overvalued right now?
Based on GuruFocus' analysis, Harvey Norman Holdings (HNORF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.19, compared to a current price of $3.72 — trading 11.2% below its estimated fair value. The current Days Inventory is 102.97, which is 11% above median its 10-year median of 92.88 and 1.5% below the Retail - Cyclical industry median of 104.57. Harvey Norman Holdings' overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Harvey Norman Holdings (HNORF), the current Days Inventory is 102.97 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Harvey Norman Holdings (HNORF) Overvalued in 2026?
Based on GuruFocus' analysis, Harvey Norman Holdings stock appears to be undervalued.
The current stock price of $3.72 is trading 11.2% below its estimated GF Value™ of $4.19.
GuruFocus considers Harvey Norman Holdings to be Modestly Overvalued.
Key valuation signals for HNORF:
Days Inventory: 102.97 (11% above median its 10-year median of 92.88)
GF Value™: $4.19 vs. price of $3.72 (11.2% below fair value)
Industry Position: 1.5% below the Retail - Cyclical median (#571 of 1087)
No single metric tells the full story. See the HNORF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harvey Norman Holdings Limited is the franchisor of Harvey Norman, a leading Australia-based retailer that sells goods from the electrical, computer, furniture, entertainment, and bedding sectors. The majority of earnings are generated in Australia, with the international divisions gradually growing in significance.
54GF Score
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