HVCW (Harrison Vickers and Waterman) Inventory Turnover: 11.16 (As of Jun. 2019)


What is Harrison Vickers and Waterman Inventory Turnover?

Harrison Vickers and Waterman HVCW -99.00% Inventory Turnover is 11.16 as of Jun. 2019.

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 $0.11 Mil. Harrison Vickers and Waterman's Inventory Turnover for the quarter that ended in Jun. 2019 was 11.16.

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 16.35.

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 0.03.

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
=0.11/1.228*365 / 2
=16.35

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 )
=0.11 / 4.258
=0.03

* 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.

Harrison Vickers and Waterman Inventory Turnover Related Terms

Harrison Vickers and Waterman Inventory Turnover Historical Data

* Premium members only.

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.

Harrison Vickers and Waterman Inventory Turnover Chart

Harrison Vickers and Waterman Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun19
Inventory Turnover
0.00 0.00 5.57 10.26 11.16

Harrison Vickers and Waterman Semi-Annual Data
Jun13 Jun14 Jun15 Jun16 Jun19
Inventory Turnover 0.00 0.00 5.57 10.26 11.16

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. 2016 ) + Total Inventories (A: Jun. 2019 )) / count )
=1.228 / ((0.142 + 0.078) / 2 )
=1.228 / 0.11
=11.16

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. 2016 ) + Total Inventories (Q: Jun. 2019 )) / count )
=1.228 / ((0.142 + 0.078) / 2 )
=1.228 / 0.11
=11.16

* 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 11.16 mean?
Harrison Vickers and Waterman (HVCW) has a Inventory Turnover of 11.16 as of Jun. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Harrison Vickers and Waterman and its competitors.
Is Harrison Vickers and Waterman's Inventory Turnover too high?
Harrison Vickers and Waterman's current Inventory Turnover is 11.16.
How does Harrison Vickers and Waterman's Inventory Turnover compare to IOUFF and GRVFF?
Harrison Vickers and Waterman's Inventory Turnover of 11.16 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Inventory Turnover depends on the Beverages - Alcoholic 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 Harrison Vickers and Waterman and its competitors. Harrison Vickers and Waterman's current Inventory Turnover is 11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harrison Vickers and Waterman stock overvalued right now?
Harrison Vickers and Waterman (HVCW) has a current Inventory Turnover of 11.16. The current Inventory Turnover is 11.16. 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 Harrison Vickers and Waterman (HVCW), the current Inventory Turnover is 11.16 as of Jun. 2019. 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.

Harrison Vickers and Waterman Business Description

Address 5781 Schaefer Avenue, Suite C, Chino, CA, USA, 91710
Harrison Vickers and Waterman Inc is a shell company.