Harley-Davidson Inc (HOG)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,831,140 | 4,701,520 | 4,512,870 | 4,044,700 | 4,806,180 |
| Inventory | US$ in thousands | 929,951 | 950,960 | 712,942 | 523,497 | 603,571 |
| Inventory turnover | 5.20 | 4.94 | 6.33 | 7.73 | 7.96 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,831,140K ÷ $929,951K
= 5.20
Harley-Davidson, Inc.'s inventory turnover has shown a decreasing trend over the past five years. The company's inventory turnover ratio was 3.82 in 2023, down from 3.73 in 2022, 4.58 in 2021, 5.00 in 2020, and 5.57 in 2019. This declining trend indicates that the company is taking longer to sell its inventory or may be carrying more inventory on hand compared to previous years. A decreasing inventory turnover can suggest inefficiencies in inventory management, such as excessive stock levels or challenges in selling products in a timely manner. It may be beneficial for Harley-Davidson, Inc. to closely monitor its inventory levels and sales processes to improve efficiency and enhance its overall financial performance.
Peer comparison
Dec 31, 2023