Hour Loop (Hour Loop) Change In Inventory : $1.3 Mil (TTM As of Mar. 2024)

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What is Hour Loop Change In Inventory?

Hour Loop's change in inventory for the quarter that ended in Mar. 2024 was $2.0 Mil. It means Hour Loop's inventory declined by $2.0 Mil from Dec. 2023 to Mar. 2024 .

Hour Loop's change in inventory for the fiscal year that ended in Dec. 2023 was $3.8 Mil. It means Hour Loop's inventory declined by $3.8 Mil from Dec. 2022 to Dec. 2023 .

Hour Loop's Total Inventories for the quarter that ended in Mar. 2024 was $11.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hour Loop's Days Inventory for the quarter that ended in Mar. 2024 was 115.50.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hour Loop's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

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. Hour Loop's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

Hour Loop Change In Inventory Historical Data

The historical data trend for Hour Loop's Change In Inventory 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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Hour Loop Change In Inventory Chart

Hour Loop Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-0.54

-0.74

-2.43

-12.42

3.85

Hour Loop Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial												4.59	-0.42	-9.23	8.90	2.02

Hour Loop Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.3 Mil.

Hour Loop (NAS:HOUR) Change In Inventory Explanation

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

Hour Loop's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	12.9475	/	10.229	*	365 / 4
	=	115.50

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

Hour Loop's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.229	/	12.9475
	=	0.79

3. 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.

Hour Loop's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.9475	/	24.681
	=	0.52

Hour Loop Change In Inventory Related Terms

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Hour Loop (Hour Loop) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hour Loop Inc (NAS:HOUR) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8201 164th Avenue North East, Redmond, WA, USA, 98052-7615

Website

https://www.hourloop.com

Hour Loop Inc is a technology-enabled consumer products company that uses machine learning and data analytics to design, develop, market, and sell products. Hour Loop predominantly operates through online retail channels such as Amazon, Walmart, and Hourloop.com. The Company, as an Internet marketplace seller, sells products in multiple categories, including home/garden decor, toys, kitchenware, apparel, and electronics.

Executives

Hillary Hui-chong Bui	director	C/O HOUR LOOP, INC. 8201 164TH AVE. NE, REDMOND WA 98052-7615
Sau Kuen Yu	director, 10 percent owner, officer: Senior Vice President	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Rahul Ray Ratan	officer: Chief Financial Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Sam Lai	director, 10 percent owner, officer: Chief Executive Officer	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Michael Minkin Lenner	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Douglas Ian Branch	director	C/O HOUR LOOP, INC.,, 8201 164TH AVE NE, #200, REDMOND WA 98052-7615
Minghui Gao	director	C/O HOUR LOOP, INC., 8201 164TH AVE NE, #200, REDMOND WA 98052-7615

Hour Loop (Hour Loop) Headlines

From GuruFocus

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By GuruFocusNews GuruFocusNews • 01-06-2022

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By GuruFocusNews GuruFocusNews • 01-27-2022

Hour Loop, Inc. Announces Closing of $6.9 Million Initial Public Offering and Full Exercise of Underwriter's Over-Allotment Option

By GuruFocusNews GuruFocusNews • 01-11-2022