HCG (hear.com NV) Inventory Turnover: 1.78 (As of Mar. 2021)


What is hear.com NV Inventory Turnover?

hear.com NV HCG Inventory Turnover is 1.78 as of Mar. 2021.

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. hear.com NV's Cost of Goods Sold for the three months ended in Mar. 2021 was $24.58 Mil. hear.com NV's Average Total Inventories for the quarter that ended in Mar. 2021 was $13.82 Mil. hear.com NV's Inventory Turnover for the quarter that ended in Mar. 2021 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. hear.com NV's Days Inventory for the three months ended in Mar. 2021 was 51.29.

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. hear.com NV's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.24.

hear.com NV  (NAS:HCG) 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.

hear.com NV's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2021 )/Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=13.815/24.578*365 / 4
=51.29

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.

hear.com NV's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2021 ) / Revenue (Q: Mar. 2021 )
=13.815 / 57.374
=0.24

* 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.

hear.com NV Inventory Turnover Related Terms

hear.com NV Inventory Turnover Historical Data

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The historical data trend for hear.com NV'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.

hear.com NV Inventory Turnover Chart

hear.com NV Annual Data
Trend Sep18 Sep19 Sep20
Inventory Turnover
0.00 7.03 8.04

hear.com NV Quarterly Data
Sep19 Dec19 Mar20 Sep20 Dec20 Mar21
Inventory Turnover Get a 7-Day Free Trial 2.09 0.00 0.00 1.89 1.78

hear.com NV Inventory Turnover Calculation

hear.com NV's Inventory Turnover for the fiscal year that ended in Sep. 2020 is calculated as

Inventory Turnover (A: Sep. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2020 ) / ((Total Inventories (A: Sep. 2019 ) + Total Inventories (A: Sep. 2020 )) / count )
=86.486 / ((8.84 + 12.669) / 2 )
=86.486 / 10.7545
=8.04

hear.com NV's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

Inventory Turnover (Q: Mar. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2021 ) / ((Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Mar. 2021 )) / count )
=24.578 / ((12.905 + 14.725) / 2 )
=24.578 / 13.815
=1.78

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.78 mean?
hear.com NV (HCG) has a Inventory Turnover of 1.78 as of Mar. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on hear.com NV and its competitors.
Is hear.com NV's Inventory Turnover too high?
hear.com NV's current Inventory Turnover is 1.78.
How does hear.com NV's Inventory Turnover compare to ?
hear.com NV's Inventory Turnover of 1.78 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Medical Devices & Instruments company?
A good Inventory Turnover depends on the Medical Devices & Instruments industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on hear.com NV and its competitors. hear.com NV's current Inventory Turnover is 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is hear.com NV stock overvalued right now?
hear.com NV (HCG) has a current Inventory Turnover of 1.78. The current Inventory Turnover is 1.78. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For hear.com NV (HCG), the current Inventory Turnover is 1.78 as of Mar. 2021. 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.

hear.com NV Business Description

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hear.com NV is a global leader in the hearing aid industry, It provides the most comprehensive care for all your hearing needs.