Hardinge (Hardinge) Inventory Turnover : 0.48 (As of Mar. 2018)

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What is Hardinge 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. Hardinge's Cost of Goods Sold for the three months ended in Mar. 2018 was $51.7 Mil. Hardinge's Average Total Inventories for the quarter that ended in Mar. 2018 was $107.0 Mil. Hardinge's Inventory Turnover for the quarter that ended in Mar. 2018 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hardinge's Days Inventory for the three months ended in Mar. 2018 was 188.65.

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 quarter that ended in Mar. 2018 was 1.34.

Hardinge Inventory Turnover Historical Data

The historical data trend for Hardinge'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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Hardinge Inventory Turnover Chart

Hardinge Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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1.95

1.87

1.90

1.79

1.99

Hardinge Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.44	0.48	0.54	0.48

Hardinge Inventory Turnover Calculation

Hardinge's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	210.352	/ (	(107.018	+	104.502)	/	2 )
=	210.352	/	105.76
=	1.99

Hardinge's Inventory Turnover for the quarter that ended in Mar. 2018 is calculated as

	Inventory Turnover (Q: Mar. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2018 )	/ (	(Total Inventories (Q: Dec. 2017 )	+	Total Inventories (Q: Mar. 2018 ))	/	count )
=	51.744	/ (	(104.502	+	109.445)	/	2 )
=	51.744	/	106.9735
=	0.48

Hardinge (NAS:HDNG) 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.

Hardinge's Days Inventory for the three months ended in Mar. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2018 )	/	Cost of Goods Sold (Q: Mar. 2018 )	*	Days in Period
	=	106.9735	/	51.744	*	365 / 4
	=	188.65

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 quarter that ended in Mar. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2018 )	/	Revenue (Q: Mar. 2018 )
	=	106.9735	/	79.882
	=	1.34

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.

Hardinge Inventory Turnover Related Terms

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Hardinge (Hardinge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hardinge Inc (NAS:HDNG) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.hardinge.com

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.

Executives

R Tony Tripeny	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Charles P Dougherty	director, officer: President and CEO	C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Ryan Levenson	director	2396 DELLWOOD DRIVE, ATLANTA GA 30305
Benjamin L Rosenzweig	director	50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mitchell I Quain	director	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Robert R Rogowski	officer: Corporate Controller	C/0 HARDINGE INC., ONE HARDINGE DRIVE, ELMIRA NY 14903
B. Christopher Disantis	director	8540 GANDER CREEK DRIVE MIAMISBURG OH 45342
Richard L Simons	other: Former Officer	ONE HARDINGE DRIVE, ELMIRA NY 14902-1507
Privet Fund Lp	10 percent owner	3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Privet Fund Management Llc	10 percent owner	3280 PEACHTREE ROAD NE, SUITE 2670, ATLANTA GA 30305
Robert Lepofsky	director	C/O HARDINGE INC., ONE HARDINGE DRIVE, ELMIRA NY 14902