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Hydrofarm Holdings Group's total inventories for the quarter that ended in Mar. 2024 was $72.3 Mil. Hydrofarm Holdings Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $73.8 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hydrofarm Holdings Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.04.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hydrofarm Holdings Group's Days Inventory for the three months ended in Mar. 2024 was 155.79.
Inventory Turnover measures how fast the company turns over its inventory within a year. Hydrofarm Holdings Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.
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. Hydrofarm Holdings Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.36.
The historical data trend for Hydrofarm Holdings Group's Total Inventories 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.
Hydrofarm Holdings Group Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Inventories | Get a 7-Day Free Trial | 50.23 | 88.62 | 189.13 | 111.40 | 75.35 |
Hydrofarm Holdings Group Quarterly Data | ||||||||||||||||||||
Dec18 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial | 103.43 | 95.12 | 80.10 | 75.35 | 72.32 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Hydrofarm Holdings Group (NAS:HYFM) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Hydrofarm Holdings Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (24.152 | + | 0.75 * 21.392 | + | 0.5 * 72.315 | - | 215.987 |
- | 0 | - | 0) | / | 45.9779 | ||
= | -3.04 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hydrofarm Holdings Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 73.8345 | / | 43.247 | * | 365 / 4 | |
= | 155.79 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Hydrofarm Holdings Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 43.247 | / | 73.8345 | |
= | 0.59 |
4. 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.
Hydrofarm Holdings Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 73.8345 | / | 54.172 | |
= | 1.36 |
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Hydrofarm Holdings Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
William Douglas Toler | director, officer: CEO and Chairman of the Board | 1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111 |
Kevin Patrick O'brien | officer: Chief Accounting Officer | C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127 |
Terence Fitch | officer: President | 32 ORLE CIR, LITTLE ROCK AR 72223 |
Mark S Parker | officer: Executive Vice President | C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526 |
Patrick Chung | director | 13 CARNATION RD, THORNHILL A6 L3T 7V3 |
Joseph D Rumley | officer: Chief Accounting Officer | 1141 CUMMINGS ROAD, SANTA PAULA CA 93060 |
Renah Persofsky | director | 55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3 |
Susan Peters | director | 40 OLD MILITARY ROAD, HILTON HEAD SC 29928 |
Richard D Moss | director | 1715 WEST 38TH STREET, CHATTANOOGA TN 37409 |
Bruce John Lindeman | officer: CFO | 1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362 |
Melisa Denis | director | 627 WESTHAVEN RD., COPPELL TX 75019 |
Chris Payne | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
John Tomes | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
Peter Wardenburg | 10 percent owner | 3 BEYER CT., NOVATO CA 94945 |
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