HCGS (HighCom Global Security) Inventory Turnover: 0.83 (As of Dec. 2018)


What is HighCom Global Security Inventory Turnover?

HighCom Global Security HCGS Inventory Turnover is 0.83 as of Dec. 2018.

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. HighCom Global Security's Cost of Goods Sold for the three months ended in Dec. 2018 was $1.58 Mil. HighCom Global Security's Average Total Inventories for the quarter that ended in Dec. 2018 was $1.90 Mil. HighCom Global Security's Inventory Turnover for the quarter that ended in Dec. 2018 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HighCom Global Security's Days Inventory for the three months ended in Dec. 2018 was 109.42.

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. HighCom Global Security's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.74.

HighCom Global Security  (OTCPK:HCGS) 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.

HighCom Global Security's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2018 )/Cost of Goods Sold (Q: Dec. 2018 )*Days in Period
=1.897/1.582*365 / 4
=109.42

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.

HighCom Global Security's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2018 ) / Revenue (Q: Dec. 2018 )
=1.897 / 2.565
=0.74

* 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.

HighCom Global Security Inventory Turnover Related Terms

HighCom Global Security Inventory Turnover Historical Data

* Premium members only.

The historical data trend for HighCom Global Security'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.

HighCom Global Security Inventory Turnover Chart

HighCom Global Security Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.20 3.71 3.21 2.23 2.38

HighCom Global Security Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 0.50 0.57 0.61 0.83

HighCom Global Security Inventory Turnover Calculation

HighCom Global Security's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Inventory Turnover (A: Dec. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2018 ) / ((Total Inventories (A: Dec. 2017 ) + Total Inventories (A: Dec. 2018 )) / count )
=4.467 / ((1.7 + 2.058) / 2 )
=4.467 / 1.879
=2.38

HighCom Global Security's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

Inventory Turnover (Q: Dec. 2018 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2018 ) / ((Total Inventories (Q: Sep. 2018 ) + Total Inventories (Q: Dec. 2018 )) / count )
=1.582 / ((1.736 + 2.058) / 2 )
=1.582 / 1.897
=0.83

* 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 0.83 mean?
HighCom Global Security (HCGS) has a Inventory Turnover of 0.83 as of Dec. 2018. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on HighCom Global Security and its competitors.
Is HighCom Global Security's Inventory Turnover too high?
HighCom Global Security's current Inventory Turnover is 0.83.
How does HighCom Global Security's Inventory Turnover compare to DTII and UUU?
HighCom Global Security's Inventory Turnover of 0.83 can be compared against companies in the Business Services 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 Business Services company?
A good Inventory Turnover depends on the Business Services 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 HighCom Global Security and its competitors. HighCom Global Security's current Inventory Turnover is 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HighCom Global Security stock overvalued right now?
HighCom Global Security (HCGS) has a current Inventory Turnover of 0.83. The current Inventory Turnover is 0.83. 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 HighCom Global Security (HCGS), the current Inventory Turnover is 0.83 as of Dec. 2018. 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.

HighCom Global Security Business Description

Address 2901 East 4th Avenue, Unit J, Columbus, OH, USA, 43219
HighCom Global Security Inc is a provider of equipment and services for the security and defense industries. It acquires, manages and builds businesses which provide specialized, mission-critical solutions that address the needs of its customers. The company's businesses continuously develops solutions that enable customers to achieve their objectives. Its HighCom Armor division provides high performance and affordable body armor, personal protective equipment, and armor systems and related accessories, while its BlastGard division has patented BlastWrap technology that acts as a virtual tent to effectively mitigate blast effects and suppress post-blast fires.