Heritage-Crystal Clean (Heritage-Crystal Clean) Inventory Turnover : 3.10 (As of Jun. 2023)

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What is Heritage-Crystal Clean 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. Heritage-Crystal Clean's Cost of Goods Sold for the three months ended in Jun. 2023 was $146.4 Mil. Heritage-Crystal Clean's Average Total Inventories for the quarter that ended in Jun. 2023 was $47.2 Mil. Heritage-Crystal Clean's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heritage-Crystal Clean's Days Inventory for the three months ended in Jun. 2023 was 29.40.

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. Heritage-Crystal Clean's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.25.

Heritage-Crystal Clean Inventory Turnover Historical Data

The historical data trend for Heritage-Crystal Clean'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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Heritage-Crystal Clean Inventory Turnover Chart

Heritage-Crystal Clean Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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11.82

11.20

11.84

12.94

14.13

Heritage-Crystal Clean Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															3.15	2.90	4.22	3.18	3.10

Heritage-Crystal Clean Inventory Turnover Calculation

Heritage-Crystal Clean's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	496.433	/ (	(29.536	+	40.727)	/	2 )
=	496.433	/	35.1315
=	14.13

Heritage-Crystal Clean's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	146.387	/ (	(47.294	+	47.024)	/	2 )
=	146.387	/	47.159
=	3.10

Heritage-Crystal Clean (NAS:HCCI) 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.

Heritage-Crystal Clean's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	47.159	/	146.387	*	365 / 4
	=	29.40

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.

Heritage-Crystal Clean's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	47.159	/	192.166
	=	0.25

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.

Heritage-Crystal Clean Inventory Turnover Related Terms

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Heritage-Crystal Clean (Heritage-Crystal Clean) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Heritage-Crystal Clean Inc (NAS:HCCI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2000 Center Drive, Suite East C300, Hoffman Estates, IL, USA, 60123

Website

https://www.crystal-clean.com

Heritage-Crystal Clean In provides full-service parts cleaning, hazardous and non-hazardous bulk and containerized waste management, used oil collection, re-refining and lubricating base oil product sales, wastewater vacuum services, antifreeze collection, recycling and product sales, industrial and field services, and emergency and spill response services. It operates in two segments, Environmental Services, and Oil Business. The Environmental Services segment offers parts cleaning, containerized waste management, vacuum truck, and antifreeze recycling services, and the Oil Business segment collects used oil and sells recycled fuel oil, as well as engages in the re-refining of used oil into lubricant base oil and by-products.

Executives

Thompson Mary Patricia B	director	651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642
Willmschen Robert W Jr	director	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Fehsenfeld Fred M Jr	director	2780 WATERFRONT PARKWAY E. DRIVE,, SUITE 200, INDIANAPOLIS IN 46214
Carmine Falcone	director	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Brian Recatto	director	117 THIBODEAUX DRIVE, LAFAYETTE LA 70503
Anthony R Chase	director	10307 PACIFIC CENTER COURT, SAN DIEGO CA 92121
Ellie Bruce	officer: VP Sales & Oil	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Mark Devita	officer: Chief Financial Officer	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD. SIOTE 375, ELGIN IL 60123
John Lucks	officer: Senior VP Sales & Marketing	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Schumacher Paul James Jr.	director	10521 HUSSEY LANE, CARMEL IN 46032
Tom Hillstrom	officer: VP of Operations	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Gregory Ray	officer: COO	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Joseph Chalhoub	director, officer: President and CEO	C/O HERITAGE-CRYSTAL CLEAN, INC., 2175 POINT BOULEVARD, SUITE 375, ELGIN IL 60123
Charles E Schalliol	director	300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Group Heritage	10 percent owner	5400 WEST 86TH STREET, P. O. BOX 68123, INDIANAPOLIS IN 46268