Harland & Wolff Group Holdings (LSE:HARL) Inventory Turnover : 7.12 (As of Jun. 2023)

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What is Harland & Wolff Group Holdings 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. Harland & Wolff Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was £20.58 Mil. Harland & Wolff Group Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was £2.89 Mil. Harland & Wolff Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 7.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harland & Wolff Group Holdings's Days Inventory for the six months ended in Jun. 2023 was 25.62.

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. Harland & Wolff Group Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.11.

Harland & Wolff Group Holdings Inventory Turnover Historical Data

The historical data trend for Harland & Wolff Group Holdings'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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Harland & Wolff Group Holdings Inventory Turnover Chart

Harland & Wolff Group Holdings Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec22

Inventory Turnover

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3.56

21.51

Harland & Wolff Group Holdings Semi-Annual Data
	Jan13	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															2.57	5.32	2.37	1.90	7.12

Harland & Wolff Group Holdings Inventory Turnover Calculation

Harland & Wolff Group Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Jul. 2020 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	22.215	/ (	(0.331	+	1.735)	/	2 )
=	22.215	/	1.033
=	21.51

Harland & Wolff Group Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	20.578	/ (	(1.735	+	4.043)	/	2 )
=	20.578	/	2.889
=	7.12

Harland & Wolff Group Holdings (LSE:HARL) 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.

Harland & Wolff Group Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2.889	/	20.578	*	365 / 2
	=	25.62

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.

Harland & Wolff Group Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2.889	/	25.533
	=	0.11

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.

Harland & Wolff Group Holdings Inventory Turnover Related Terms

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Harland & Wolff Group Holdings (LSE:HARL) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Harland & Wolff Group Holdings PLC (LSE:HARL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HARL.GB:UK 4PD1:Germany

Address

2 Swan Lane, Fieldfisher Riverbank House, London, GBR, EC4R 3TT

Website

https://www.harland-wolff.com

Harland & Wolff Group Holdings PLC is a multisite fabrication company, operating in the maritime and offshore industry through markets such as commercial, cruise and ferry, and renewables and six services namely technical services, fabrication and construction, decommissioning, repair and maintenance, in-service support and conversion. The Comapny is organised into 6 segments: Cruise & Ferry, Commercial, Energy, Defence, Renewables and other being Head Office related. The Company generates revenue from multiple streams including shipbuilding, engineering (e.g. fabrication of wind turbines) and ship repairs and maintenance.

Harland & Wolff Group Holdings (LSE:HARL) Headlines

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