Harley-Davidson Inc (HOG)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,831,130 | 4,977,266 | 4,947,356 | 4,914,646 | 4,701,516 | 4,731,020 | 4,582,260 | 4,642,490 | 4,512,870 | 4,333,971 | 4,200,671 | 3,930,297 | 4,044,697 | 4,259,736 | 4,384,616 | 4,779,650 | 4,806,190 | 4,888,430 | 4,902,000 | 4,914,920 |
| Inventory | US$ in thousands | 929,951 | 768,765 | 846,033 | 830,521 | 950,960 | 680,762 | 726,586 | 714,259 | 712,942 | 475,314 | 457,648 | 470,997 | 523,497 | 322,375 | 429,339 | 610,924 | 603,571 | 489,098 | 470,610 | 595,806 |
| Inventory turnover | 5.20 | 6.47 | 5.85 | 5.92 | 4.94 | 6.95 | 6.31 | 6.50 | 6.33 | 9.12 | 9.18 | 8.34 | 7.73 | 13.21 | 10.21 | 7.82 | 7.96 | 9.99 | 10.42 | 8.25 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,831,130K ÷ $929,951K
= 5.20
Harley-Davidson, Inc.'s inventory turnover has fluctuated over the past eight quarters, ranging from a low of 3.73 in Q4 2022 to a high of 5.13 in Q3 2022. A higher inventory turnover ratio indicates more efficient management of inventory, with the company selling and replacing its inventory more frequently. In the most recent quarter, Q4 2023, the inventory turnover ratio stood at 3.82, showing a decrease compared to the previous quarter. This could signal potential inefficiencies in managing inventory levels or slower sales during the quarter. However, it is important to consider industry benchmarks and historical trends to gain a more comprehensive understanding of Harley-Davidson's inventory management performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023