Harbor Custom Development (FRA:5EI1) Inventory Turnover : 0.64 (As of Dec. 2023)

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What is Harbor Custom Development 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. Harbor Custom Development's Cost of Goods Sold for the three months ended in Dec. 2023 was €57.69 Mil. Harbor Custom Development's Average Total Inventories for the quarter that ended in Dec. 2023 was €90.62 Mil. Harbor Custom Development's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbor Custom Development's Days Inventory for the three months ended in Dec. 2023 was 143.33.

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. Harbor Custom Development's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.00.

Harbor Custom Development Inventory Turnover Historical Data

The historical data trend for Harbor Custom Development'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.

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Harbor Custom Development Inventory Turnover Chart

Harbor Custom Development Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.52

22.80

14.58

2.84

3.43

Harbor Custom Development 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															0.29	0.25	0.44	0.13	0.64

Harbor Custom Development Inventory Turnover Calculation

Harbor Custom Development'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 )
=	101.505	/ (	(32.458	+	26.705)	/	2 )
=	101.505	/	29.5815
=	3.43

Harbor Custom Development'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 )
=	57.694	/ (	(154.54	+	26.705)	/	2 )
=	57.694	/	90.6225
=	0.64

Harbor Custom Development (FRA:5EI1) 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.

Harbor Custom Development'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
	=	90.6225	/	57.694	*	365 / 4
	=	143.33

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.

Harbor Custom Development'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 )
	=	90.6225	/	22.645
	=	4.00

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.

Harbor Custom Development Inventory Turnover Related Terms

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Harbor Custom Development (FRA:5EI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Harbor Custom Development Inc (FRA:5EI1) » Definitions » Inventory Turnover

Traded in Other Exchanges

HCDIQ:USA

Address

1201 Pacific Avenue, Suite 1200, Tacoma, WA, USA, 98402

Website

https://www.harborcustomhomes.com

Harbor Custom Development Inc is a real estate development company. The company's segment includes Homes; Developed lots; Entitled land; Multi-family; Fee Build and other. It generates maximum revenue froem the Homes segment.

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