Haverty Furniture (Haverty Furniture) Inventory Turnover : 0.81 (As of Dec. 2023)

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What is Haverty Furniture 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. Haverty Furniture's Cost of Goods Sold for the three months ended in Dec. 2023 was $79.3 Mil. Haverty Furniture's Average Total Inventories for the quarter that ended in Dec. 2023 was $98.1 Mil. Haverty Furniture's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Haverty Furniture's Days Inventory for the three months ended in Dec. 2023 was 112.89.

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. Haverty Furniture's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Haverty Furniture Inventory Turnover Historical Data

The historical data trend for Haverty Furniture'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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Haverty Furniture Inventory Turnover Chart

Haverty Furniture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.49

3.38

4.34

3.85

3.19

Haverty Furniture Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.94	0.79	0.71	0.80	0.81

Haverty Furniture Inventory Turnover Calculation

Haverty Furniture's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	339.041	/ (	(118.333	+	93.956)	/	2 )
=	339.041	/	106.1445
=	3.19

Haverty Furniture's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	79.329	/ (	(102.334	+	93.956)	/	2 )
=	79.329	/	98.145
=	0.81

Haverty Furniture (NYSE:HVT) 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.

Haverty Furniture's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	98.145	/	79.329	*	365 / 4
	=	112.89

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.

Haverty Furniture's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	98.145	/	210.744
	=	0.47

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.

Haverty Furniture Inventory Turnover Related Terms

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Haverty Furniture (Haverty Furniture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Haverty Furniture Companies Inc (NYSE:HVT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HVT.A:USA 25F:Germany

Address

780 Johnson Ferry Road, Suite 800, Atlanta, GA, USA, 30342

Website

https://www.havertys.com

Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, Florals and Tress, and other related products. The company operates primarily in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of its revenue from its upholstery products and, secondarily, from bedroom furniture.

Executives

John Linwood Gill	officer: Vice President, Operations	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30157
Rawson Jr Haverty	director, officer: Senior Vice President
Vicki R Palmer	director	PO BOX 723040, ATLANTA GA 30339
Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Richard B Hare	officer: Executive Vice President & CFO	CARMIKE CINEMAS INC, 1301 FIRST AVENUE, COLUMBUS GA 31901
Clarence H Smith	director, officer: President & CEO	780 JOHNSON FERRY RD., SUITE 800, ATLANTA GA 30342
Steven G Burdette	officer: Senior Vice President
Jenny H Parker	officer: Vice Pres., Secy. & Treas.
Michael R Cote	director	1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
Kelly Allen Fladger	officer: SVP, Chief HR Officer	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
Alfredo Trujillo	director
J Edward Clary	officer: Chief Information Officer
Derek Gordon Schiller	director	780 JOHNSON FERRY ROAD, NE, SUITE 800, ATLANTA GA 30342
G. Thomas Hough	director	P.O. BOX 407, LAKELAND FL 33802
Helen Berry Bautista	officer: Vice President, Marketing	780 JOHNSON FERRY ROAD, SUITE 800, ATLANTA GA 30342