Harvest Technology (MAL:HRV) Days Inventory : 78.40 (As of Dec. 2023)

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What is Harvest Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harvest Technology's Average Total Inventories for the six months ended in Dec. 2023 was €1.67 Mil. Harvest Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was €3.88 Mil. Hence, Harvest Technology's Days Inventory for the six months ended in Dec. 2023 was 78.40.

The historical rank and industry rank for Harvest Technology's Days Inventory or its related term are showing as below:

MAL:HRV' s Days Inventory Range Over the Past 10 Years
Min: 76.59 Med: 90.18 Max: 98.51
Current: 84.74

During the past 5 years, Harvest Technology's highest Days Inventory was 98.51. The lowest was 76.59. And the median was 90.18.

MAL:HRV's Days Inventory is not ranked
in the Software industry.
Industry Median: 19.46 vs MAL:HRV: 84.74

Harvest Technology's Days Inventory increased from Dec. 2022 (74.65) to Dec. 2023 (78.40). It might indicate that Harvest Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harvest Technology's Inventory Turnover for the six months ended in Dec. 2023 was 2.33.

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. Harvest Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.22.

Harvest Technology Days Inventory Historical Data

The historical data trend for Harvest Technology'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.

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Harvest Technology Days Inventory Chart

Harvest Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

98.51

76.59

98.01

86.09

90.18

Harvest Technology Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					87.81	68.01	74.65	85.09	78.40

Competitive Comparison of Harvest Technology's Days Inventory

For the Information Technology Services subindustry, Harvest Technology'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.

Harvest Technology's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harvest Technology's Days Inventory falls into.

Harvest Technology Days Inventory Calculation

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

Harvest Technology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.559	+	1.619)	/	2 )	/	8.455	*	365
=	2.089					/	8.455	*	365
=	90.18

Harvest Technology's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.711	+	1.619)	/	2 )	/	3.876	*	365 / 2
=	1.665					/	3.876	*	365 / 2
=	78.40

Harvest Technology (MAL:HRV) 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.

Harvest Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.876	/	1.665
	=	2.33

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.

Harvest Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.665	/	7.449
	=	0.22

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.

Harvest Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Harvest Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Harvest Technology (MAL:HRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Technology PLC (MAL:HRV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000

Website

https://www.harvest.tech

Harvest Technology PLC is an investment and holding company. It provides delivery of business solutions and technology (including integrated and automated solutions) and payment solutions and related services. The company's portfolio consists of entities delivering systems engineering, security solutions, e-commerce platforms, electronic payments solutions, networking and system maintenance, automation products, product development and IT outsourcing. The Group operates two business activities which are the sale of payment processing services and the provision of IT solutions and security systems.

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