HSCO (Hi Score) Inventory Turnover: 0.22 (As of Sep. 2013)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Hi Score Inventory Turnover?

Hi Score HSCO -99.00% Inventory Turnover is 0.22 as of Sep. 2013.

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. Hi Score's Cost of Goods Sold for the three months ended in Sep. 2013 was $0.05 Mil. Hi Score's Average Total Inventories for the quarter that ended in Sep. 2013 was $0.23 Mil. Hi Score's Inventory Turnover for the quarter that ended in Sep. 2013 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hi Score's Days Inventory for the three months ended in Sep. 2013 was 420.90.

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. Hi Score's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 59.66.

Hi Score  (OTCPK:HSCO) 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.

Hi Score's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2013 )/Cost of Goods Sold (Q: Sep. 2013 )*Days in Period
=0.2296875/0.049796*365 / 4
=420.90

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.

Hi Score's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2013 ) / Revenue (Q: Sep. 2013 )
=0.2296875 / 0.00385
=59.66

* 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.

Hi Score Inventory Turnover Related Terms

Hi Score Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Hi Score'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.

Hi Score Inventory Turnover Chart

Hi Score Annual Data
Trend Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec09 Dec10 Dec11 Dec12
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.10 2.92 2.51 1.18

Hi Score Quarterly Data
Sep02 Dec02 Mar03 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 0.26 0.25 0.24 0.26 0.22

Hi Score Inventory Turnover Calculation

Hi Score's Inventory Turnover for the fiscal year that ended in Dec. 2012 is calculated as

Inventory Turnover (A: Dec. 2012 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2012 ) / ((Total Inventories (A: Dec. 2011 ) + Total Inventories (A: Dec. 2012 )) / count )
=0.328306 / ((0.310628 + 0.247308) / 2 )
=0.328306 / 0.278968
=1.18

Hi Score's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover (Q: Sep. 2013 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2013 ) / ((Total Inventories (Q: Jun. 2013 ) + Total Inventories (Q: Sep. 2013 )) / count )
=0.049796 / ((0.23065 + 0.228725) / 2 )
=0.049796 / 0.2296875
=0.22

* 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 0.22 mean?
Hi Score (HSCO) has a Inventory Turnover of 0.22 as of Sep. 2013. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Hi Score and its competitors.
Is Hi Score's Inventory Turnover too high?
Hi Score's current Inventory Turnover is 0.22.
How does Hi Score's Inventory Turnover compare to ADAD and PFWI?
Hi Score's Inventory Turnover of 0.22 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Inventory Turnover depends on the Furnishings, Fixtures & Appliances 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 Hi Score and its competitors. Hi Score's current Inventory Turnover is 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi Score stock overvalued right now?
Hi Score (HSCO) has a current Inventory Turnover of 0.22. The current Inventory Turnover is 0.22. 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 Hi Score (HSCO), the current Inventory Turnover is 0.22 as of Sep. 2013. 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.

Hi Score Business Description

Address 5404 North West 102 Avenue, Suite B, Sunrise, FL, USA, 33351
Hi Score Corp is engaged in the manufacture and supplier of LED and eco-friendly lighting products. The company offers its customers the fiscal and ecological practicality of utilizing safe, efficient, solid state green lighting as well as conventional fluorescent and incandescent bulbs. It sells its products directly to distributors, businesses and municipalities.