Harley-Davidson Inc (HOG)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,377,704 | 3,662,481 | 4,027,338 | 3,800,216 | 3,695,096 | 3,557,643 | 3,542,913 | 3,733,898 | 3,727,788 | 3,808,327 | 3,693,495 | 3,742,352 | 3,624,542 | 3,396,096 | 3,235,065 | 2,957,269 | 3,030,267 | 3,289,136 | 3,381,411 | 3,731,087 |
| Inventory | US$ in thousands | 745,793 | 681,864 | 668,924 | 779,575 | 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 |
| Inventory turnover | 4.53 | 5.37 | 6.02 | 4.87 | 3.97 | 4.63 | 4.19 | 4.50 | 3.92 | 5.59 | 5.08 | 5.24 | 5.08 | 7.14 | 7.07 | 6.28 | 5.79 | 10.20 | 7.88 | 6.11 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,377,704K ÷ $745,793K
= 4.53
Inventory turnover for Harley-Davidson Inc has fluctuated over the past few years, indicating varying efficiencies in managing their inventory. The ratio measures how many times a company sells and replaces its inventory during a specific period.
From the data provided:
- Inventory turnover increased from March 2020 to September 2020, showing improved efficiency in selling and replenishing inventory.
- The ratio then declined by the end of December 2020, indicating a potential slowdown in inventory turnover.
- During the first half of 2021, inventory turnover picked up, reaching its peak in September 2021 at 7.14 times.
- However, the ratio dropped significantly by the end of December 2021, suggesting a decrease in inventory turnover efficiency.
- The trend continued in the following years, with inventory turnover fluctuating around 4 to 6 times, showing some inconsistencies in managing inventory levels.
Overall, the inventory turnover ratio for Harley-Davidson Inc has shown some variability, indicating potential challenges in effectively managing and selling inventory during the periods analyzed.
Peer comparison
Dec 31, 2024
Dec 31, 2024