Harrison Vickers and Waterman (Harrison Vickers and Waterman) Inventory Turnover : 15.45 (As of Jun. 2019)

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What is Harrison Vickers and Waterman Inventory Turnover?

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. Harrison Vickers and Waterman's Cost of Goods Sold for the six months ended in Jun. 2019 was $1.23 Mil. Harrison Vickers and Waterman's Average Total Inventories for the quarter that ended in Jun. 2019 was $0.08 Mil. Harrison Vickers and Waterman's Inventory Turnover for the quarter that ended in Jun. 2019 was 15.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harrison Vickers and Waterman's Days Inventory for the six months ended in Jun. 2019 was 11.81.

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. Harrison Vickers and Waterman's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.02.

Harrison Vickers and Waterman Inventory Turnover Historical Data

The historical data trend for Harrison Vickers and Waterman'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.

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Harrison Vickers and Waterman Inventory Turnover Chart

Harrison Vickers and Waterman Annual Data

Trend

Jun13

Jun14

Jun15

Jun19

Inventory Turnover

5.57

15.45

Harrison Vickers and Waterman Semi-Annual Data
	Jun13	Jun14	Jun15	Jun19
Inventory Turnover	-	-	5.57	15.45

Harrison Vickers and Waterman Inventory Turnover Calculation

Harrison Vickers and Waterman's Inventory Turnover for the fiscal year that ended in Jun. 2019 is calculated as

	Inventory Turnover (A: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2019 )	/ (	(Total Inventories (A: Jun. 2015 )	+	Total Inventories (A: Jun. 2019 ))	/	count )
=	1.228	/ (	(0.081	+	0.078)	/	2 )
=	1.228	/	0.0795
=	15.45

Harrison Vickers and Waterman's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Jun. 2015 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	1.228	/ (	(0.081	+	0.078)	/	2 )
=	1.228	/	0.0795
=	15.45

Harrison Vickers and Waterman (OTCPK:HVCW) 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.

Harrison Vickers and Waterman's Days Inventory for the six months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	0.0795	/	1.228	*	365 / 2
	=	11.81

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.

Harrison Vickers and Waterman's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	0.0795	/	4.258
	=	0.02

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.

Harrison Vickers and Waterman Inventory Turnover Related Terms

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