Harley-Davidson (XSWX:HOG) Total Inventories : CHF693 Mil (As of Mar. 2024)

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What is Harley-Davidson Total Inventories?

Harley-Davidson's total inventories for the quarter that ended in Mar. 2024 was CHF693 Mil. Harley-Davidson's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was CHF748 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Harley-Davidson's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was CHF-26.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harley-Davidson's Days Inventory for the three months ended in Mar. 2024 was 69.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harley-Davidson's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.32.

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. Harley-Davidson's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Harley-Davidson Total Inventories Historical Data

The historical data trend for Harley-Davidson's Total Inventories 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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Harley-Davidson Total Inventories Chart

Harley-Davidson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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593.07

465.08

656.62

885.91

804.22

Harley-Davidson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															768.65	761.77	691.58	804.22	692.73

Harley-Davidson Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Harley-Davidson (XSWX:HOG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Harley-Davidson's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1301.456	+	0.75 * 2514.064	+	0.5 * 692.73	-	7996.364
-	0	-	-1.453)	/	170.595
=	-26.15

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Harley-Davidson's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	748.476	/	988.497	*	365 / 4
	=	69.09

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Harley-Davidson's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	988.497	/	748.476
	=	1.32

4. 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.

Harley-Davidson's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	748.476	/	1536.929
	=	0.49

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Harley-Davidson Total Inventories Related Terms

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Harley-Davidson (XSWX:HOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Harley-Davidson Inc (XSWX:HOG) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

HOG:USA HOG:Mexico 1HOG:Italy HAR:Germany H1OG34:Brazil HOG:Austria HOG:Argentina

Address

3700 West Juneau Avenue, Milwaukee, WI, USA, 53208

Website

https://www.harley-davidson.com

Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.