Hargreaves Services (LSE:HSP) Inventory Turnover : 2.13 (As of Nov. 2023)

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What is Hargreaves Services 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. Hargreaves Services's Cost of Goods Sold for the six months ended in Nov. 2023 was £88.9 Mil. Hargreaves Services's Average Total Inventories for the quarter that ended in Nov. 2023 was £41.7 Mil. Hargreaves Services's Inventory Turnover for the quarter that ended in Nov. 2023 was 2.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hargreaves Services's Days Inventory for the six months ended in Nov. 2023 was 85.66.

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. Hargreaves Services's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.38.

Hargreaves Services Inventory Turnover Historical Data

The historical data trend for Hargreaves Services'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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Hargreaves Services Inventory Turnover Chart

Hargreaves Services Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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6.91

3.56

3.98

5.15

4.94

Hargreaves Services Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															2.20	2.74	2.95	2.12	2.13

Hargreaves Services Inventory Turnover Calculation

Hargreaves Services's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	172.402	/ (	(30.476	+	39.302)	/	2 )
=	172.402	/	34.889
=	4.94

Hargreaves Services's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	88.943	/ (	(39.302	+	44.192)	/	2 )
=	88.943	/	41.747
=	2.13

Hargreaves Services (LSE:HSP) 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.

Hargreaves Services's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	41.747	/	88.943	*	365 / 2
	=	85.66

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.

Hargreaves Services's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	41.747	/	110.171
	=	0.38

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.

Hargreaves Services Inventory Turnover Related Terms

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Hargreaves Services (LSE:HSP) Business Description

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HSP.GB:UK

Address

West Terrace, Esh Winning, Durham, GBR, DH7 9PT

Website

https://www.hsgplc.co.uk

Hargreaves Services PLC delivers projects and services in the infrastructure, energy, and property sectors, supporting key industries within the UK and South East Asia. The company's business segments are Services and Hargreaves Land. It generates maximum revenue from the Services segment. The Services segment provides materials handling, mechanical and electrical engineering, land restoration, logistics and bulk earthmoving into the energy, environmental, infrastructure and industrial sectors.

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