Hiru (HIRU) Inventory Turnover: 26.04 (As of Jun. 2001)


What is Hiru Inventory Turnover?

Hiru HIRU -15.00% Inventory Turnover is 26.04 as of Jun. 2001.

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. Hiru's Cost of Goods Sold for the three months ended in Jun. 2001 was $28.9 Mil. Hiru's Average Total Inventories for the quarter that ended in Jun. 2001 was $1.1 Mil. Hiru's Inventory Turnover for the quarter that ended in Jun. 2001 was 26.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hiru's Days Inventory for the three months ended in Jun. 2001 was 3.50.

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. Hiru's Inventory-to-Revenue for the quarter that ended in Jun. 2001 was 0.02.

Hiru  (OTCPK:HIRU) 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.

Hiru's Days Inventory for the three months ended in Jun. 2001 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2001 )/Cost of Goods Sold (Q: Jun. 2001 )*Days in Period
=1.1115/28.941*365 / 4
=3.50

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.

Hiru's Inventory to Revenue for the quarter that ended in Jun. 2001 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2001 ) / Revenue (Q: Jun. 2001 )
=1.1115 / 46.494
=0.02

* 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.

Hiru Inventory Turnover Related Terms

Hiru Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Hiru'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.

Hiru Inventory Turnover Chart

Hiru Annual Data
Trend Sep94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00
Inventory Turnover
Get a 7-Day Free Trial 54.98 48.90 46.26 107.89 113.15

Hiru Quarterly Data
Sep96 Dec96 Mar97 Jun97 Sep97 Dec97 Mar98 Jun98 Sep98 Dec98 Mar99 Jun99 Sep99 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01
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 29.08 47.60 -25.17 43.04 26.04

Hiru Inventory Turnover Calculation

Hiru's Inventory Turnover for the fiscal year that ended in Dec. 2000 is calculated as

Inventory Turnover (A: Dec. 2000 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2000 ) / ((Total Inventories (A: Dec. 2099 ) + Total Inventories (A: Dec. 2000 )) / count )
=121.415 / ((1.087 + 1.059) / 2 )
=121.415 / 1.073
=113.15

Hiru's Inventory Turnover for the quarter that ended in Jun. 2001 is calculated as

Inventory Turnover (Q: Jun. 2001 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2001 ) / ((Total Inventories (Q: Mar. 2001 ) + Total Inventories (Q: Jun. 2001 )) / count )
=28.941 / ((1.112 + 1.111) / 2 )
=28.941 / 1.1115
=26.04

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 26.04 mean?
Hiru (HIRU) has a Inventory Turnover of 26.04 as of Jun. 2001. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hiru and its competitors.
Is Hiru's Inventory Turnover too high?
Hiru's current Inventory Turnover is 26.04.
How does Hiru's Inventory Turnover compare to VITIF and HSTC?
Hiru's Inventory Turnover of 26.04 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Inventory Turnover depends on the Metals & Mining 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 Hiru and its competitors. Hiru's current Inventory Turnover is 26.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiru stock overvalued right now?
Hiru (HIRU) has a current Inventory Turnover of 26.04. The current Inventory Turnover is 26.04. 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 Hiru (HIRU), the current Inventory Turnover is 26.04 as of Jun. 2001. 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.

Hiru Business Description

Address 3379 Peachtree Road NE, Suite 700, Atlanta, GA, USA, 30326
Hiru Corp is a holding engaged in Mining and natural resources Exploration, it has completed end of the last Quarter the integration of the Australian mining assets, the Balfour Project, and processed the abandon of the previous Water business and related activities owned by the previous control holders.