HERC (H.E.R.C. Products) Inventory Turnover: 15.71 (As of Jun. 2004)


What is H.E.R.C. Products Inventory Turnover?

H.E.R.C. Products HERC Inventory Turnover is 15.71 as of Jun. 2004.

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. H.E.R.C. Products's Cost of Goods Sold for the three months ended in Jun. 2004 was $1.03 Mil. H.E.R.C. Products's Average Total Inventories for the quarter that ended in Jun. 2004 was $0.07 Mil. H.E.R.C. Products's Inventory Turnover for the quarter that ended in Jun. 2004 was 15.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. H.E.R.C. Products's Days Inventory for the three months ended in Jun. 2004 was 5.81.

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. H.E.R.C. Products's Inventory-to-Revenue for the quarter that ended in Jun. 2004 was 0.04.

H.E.R.C. Products  (OTCPK:HERC) 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.

H.E.R.C. Products's Days Inventory for the three months ended in Jun. 2004 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2004 )/Cost of Goods Sold (Q: Jun. 2004 )*Days in Period
=0.0655/1.029*365 / 4
=5.81

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.

H.E.R.C. Products's Inventory to Revenue for the quarter that ended in Jun. 2004 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2004 ) / Revenue (Q: Jun. 2004 )
=0.0655 / 1.501
=0.04

* 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.

H.E.R.C. Products Inventory Turnover Related Terms

H.E.R.C. Products Inventory Turnover Historical Data

* Premium members only.

The historical data trend for H.E.R.C. Products'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.

H.E.R.C. Products Inventory Turnover Chart

H.E.R.C. Products Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.30 54.10 106.58 102.19 62.32

H.E.R.C. Products Quarterly Data
Dec98 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04
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 8.85 13.54 13.87 13.46 15.71

H.E.R.C. Products Inventory Turnover Calculation

H.E.R.C. Products's Inventory Turnover for the fiscal year that ended in Dec. 2003 is calculated as

Inventory Turnover (A: Dec. 2003 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2003 ) / ((Total Inventories (A: Dec. 2002 ) + Total Inventories (A: Dec. 2003 )) / count )
=3.895 / ((0.046 + 0.079) / 2 )
=3.895 / 0.0625
=62.32

H.E.R.C. Products's Inventory Turnover for the quarter that ended in Jun. 2004 is calculated as

Inventory Turnover (Q: Jun. 2004 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2004 ) / ((Total Inventories (Q: Mar. 2004 ) + Total Inventories (Q: Jun. 2004 )) / count )
=1.029 / ((0.068 + 0.063) / 2 )
=1.029 / 0.0655
=15.71

* 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 15.71 mean?
H.E.R.C. Products (HERC) has a Inventory Turnover of 15.71 as of Jun. 2004. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on H.E.R.C. Products and its competitors.
Is H.E.R.C. Products' Inventory Turnover too high?
H.E.R.C. Products' current Inventory Turnover is 15.71.
How does H.E.R.C. Products' Inventory Turnover compare to CABN and TEKXD?
H.E.R.C. Products' Inventory Turnover of 15.71 can be compared against companies in the Chemicals 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 Chemicals company?
A good Inventory Turnover depends on the Chemicals 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 H.E.R.C. Products and its competitors. H.E.R.C. Products's current Inventory Turnover is 15.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H.E.R.C. Products stock overvalued right now?
H.E.R.C. Products (HERC) has a current Inventory Turnover of 15.71. The current Inventory Turnover is 15.71. 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 H.E.R.C. Products (HERC), the current Inventory Turnover is 15.71 as of Jun. 2004. 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.

H.E.R.C. Products Business Description

Address 1420 Columbus Avenue, Portsmouth, VA, USA, 23704