Harbor Diversified (Harbor Diversified) Days Inventory : 9.59 (As of Sep. 2023)

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What is Harbor Diversified Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Harbor Diversified's Average Total Inventories for the three months ended in Sep. 2023 was $5.1 Mil. Harbor Diversified's Cost of Goods Sold for the three months ended in Sep. 2023 was $48.6 Mil. Hence, Harbor Diversified's Days Inventory for the three months ended in Sep. 2023 was 9.59.

The historical rank and industry rank for Harbor Diversified's Days Inventory or its related term are showing as below:

HRBR' s Days Inventory Range Over the Past 10 Years
Min: 8.12 Med: 11.52 Max: 15.21
Current: 8.12

During the past 13 years, Harbor Diversified's highest Days Inventory was 15.21. The lowest was 8.12. And the median was 11.52.

HRBR's Days Inventory is ranked better than
59.77% of 778 companies
in the Transportation industry
Industry Median: 11.545 vs HRBR: 8.12

Harbor Diversified's Days Inventory increased from Sep. 2022 (7.92) to Sep. 2023 (9.59). It might indicate that Harbor Diversified's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harbor Diversified's Inventory Turnover for the three months ended in Sep. 2023 was 9.52.

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. Harbor Diversified's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.10.

Harbor Diversified Days Inventory Historical Data

The historical data trend for Harbor Diversified's Days Inventory 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.

* Premium members only.

Harbor Diversified Days Inventory Chart

Harbor Diversified Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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12.93

11.52

15.21

10.41

8.50

Harbor Diversified Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															7.92	7.37	7.63	8.30	9.59

Competitive Comparison of Harbor Diversified's Days Inventory

For the Airlines subindustry, Harbor Diversified's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harbor Diversified's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Harbor Diversified's Days Inventory distribution charts can be found below:

* The bar in red indicates where Harbor Diversified's Days Inventory falls into.

Harbor Diversified Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Harbor Diversified's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5.2	+	4.579)	/	2 )	/	210.005	*	365
=	4.8895					/	210.005	*	365
=	8.50

Harbor Diversified's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.184	+	5.029)	/	2 )	/	48.591	*	365 / 4
=	5.1065					/	48.591	*	365 / 4
=	9.59

Harbor Diversified (OTCPK:HRBR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Harbor Diversified's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48.591	/	5.1065
	=	9.52

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.

Harbor Diversified's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.1065	/	50.056
	=	0.10

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Harbor Diversified Days Inventory Related Terms

Thank you for viewing the detailed overview of Harbor Diversified's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Harbor Diversified (Harbor Diversified) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Harbor Diversified Inc (OTCPK:HRBR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

W6390 Challenger Drive, Suite 203, Appleton, WI, USA, 54914-9120

Website

http://www.harborbiosciences.com

Harbor Diversified Inc operates in the Airline business. It currently operates in one service line providing scheduled flight services. It generates revenue from the Available Seat Miles.

Executives

John C Shaw	director	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Jerry M Seslowe	director	520 MADISON AVE, 40TH FLOOR, NEW YORK NY 10022
Richard A Bartlett	director	520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Scott M Freeman	officer: Chief Medical Officer	3031 RESEARCH DRIVE, BUILDING A, RICHMOND CA 94806
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
Jessie R Groothuis	officer: Vice Pres., Clinical Affairs	4435 EASTGATE MALL, SUITE 400, SAN DIEGO CA 92121
Jerome M Hauer	director	4435 EASTGATE MALL, SUITE 400, SAN DIEGO CA 92121
Thomas Merigan	director	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Brendan Mcdonnell	director	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Marc R Sarni	director	13705 SHORELINE COURT, EARTH CITY MO 63045
Daniel D Burgess	officer: COO/CFO	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Robert Marsella	officer: VP, Business Development	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Robert W Weber	officer: Chief Accounting Officer	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Eric J Loumeau	officer: VP, Corporate General Counsel	C/O HOLLIS-EDEN PHARMACEUTICALS, 4435 EASTGATE MALL STE.400, SAN DIEGO CA 92121
Paul Bagley	director	1530 16TH STREET SUITE 200, DENVER CO 80202-1468

Harbor Diversified (Harbor Diversified) Headlines

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