Days Inventory is also known as Days Sales of Inventory (DSI). Hardinge's Average Total Inventories for the
three
months ended in Mar. 2018 was $107.0 Mil. Hardinge's Cost of Goods Sold for the
three
months ended in Mar. 2018 was $51.7 Mil.
Hence, Hardinge's Days Inventory for the
three
months ended in Mar. 2018 was 188.65.
The historical rank and industry rank for Hardinge's Days Inventory or its related term are showing as below:
HDNG's Days Inventory is not ranked *
in the Industrial Products industry.
Industry Median: 119.93 * Ranked among companies with meaningful Days Inventory only.
Hardinge's Days Inventory
declined
from Mar. 2017 (234.37) to Mar. 2018 (188.65).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hardinge's Inventory Turnover for the
three
months ended in Mar. 2018 was 0.48.
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.
Hardinge's Inventory-to-Revenue for the
three
months ended in Mar. 2018 was 1.34.
Hardinge Days Inventory Historical Data
The historical data trend for Hardinge's Days 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.
Competitive Comparison of Hardinge's Days Inventory
For the Tools & Accessories subindustry, Hardinge's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hardinge's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hardinge's Days Inventory distribution charts can be found below:
* The bar in red indicates where Hardinge's Days Inventory falls into.
Hardinge Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hardinge's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as
* 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.
Hardinge (NAS:HDNG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Hardinge's Inventory Turnover for the
three
months ended in Mar. 2018 is calculated as
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.
Hardinge's Inventory to Revenue for the
three
months ended in Mar. 2018 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Hardinge Days Inventory Related Terms
Thank you for viewing the detailed overview of Hardinge's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Hardinge Inc is a machine tool manufacturer. It designs and manufactures computer-numerically controlled cutting lathes, machining centers, grinding machines, collets, chucks, index fixtures and other industrial products. The company operates through two reportable segments, Metalcutting Machine Solutions (MMS) and Aftermarket Tooling and Accessories (ATA). The MMS segment includes high-precision computer controlled metalcutting turning machines, vertical machining centers, horizontal machining centers, grinding machines, and repair parts related to those machines. The Company's ATA segment includes products that are purchased by manufacturers throughout the lives of their machines. The company's products are sold to customers in North America, Europe, and Asia.
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