Horizon Global (Horizon Global) Days Inventory : 110.56 (As of Sep. 2022)

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What is Horizon Global Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Horizon Global's Average Total Inventories for the three months ended in Sep. 2022 was $160.3 Mil. Horizon Global's Cost of Goods Sold for the three months ended in Sep. 2022 was $132.3 Mil. Hence, Horizon Global's Days Inventory for the three months ended in Sep. 2022 was 110.56.

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

HZN's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.83
* Ranked among companies with meaningful Days Inventory only.

Horizon Global's Days Inventory increased from Sep. 2021 (89.25) to Sep. 2022 (110.56). It might indicate that Horizon Global's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Global's Inventory Turnover for the three months ended in Sep. 2022 was 0.83.

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. Horizon Global's Inventory-to-Revenue for the three months ended in Sep. 2022 was 1.08.

Horizon Global Days Inventory Historical Data

The historical data trend for Horizon Global'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.

Horizon Global Days Inventory Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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84.55

97.72

88.71

85.05

79.37

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Inventory	Get a 7-Day Free Trial															89.25	100.63	97.04	97.75	110.56

Competitive Comparison of Horizon Global's Days Inventory

For the Auto Parts subindustry, Horizon Global'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.

Horizon Global's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Horizon Global's Days Inventory distribution charts can be found below:

* The bar in red indicates where Horizon Global's Days Inventory falls into.

Horizon Global Days Inventory Calculation

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

Horizon Global's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (115.32	+	162.83)	/	2 )	/	639.54	*	365
=	139.075					/	639.54	*	365
=	79.37

Horizon Global's Days Inventory for the quarter that ended in Sep. 2022 is calculated as:

	Days Inventory (Q: Sep. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (165.03	+	155.6)	/	2 )	/	132.32	*	365 / 4
=	160.315					/	132.32	*	365 / 4
=	110.56

Horizon Global (NYSE:HZN) 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.

Horizon Global's Inventory Turnover for the three months ended in Sep. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	132.32	/	160.315
	=	0.83

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.

Horizon Global's Inventory to Revenue for the three months ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	160.315	/	148.97
	=	1.08

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.

Horizon Global Days Inventory Related Terms

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

Horizon Global (Horizon Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Horizon Global Corp (NYSE:HZN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

47912 Halyard Drive, Suite 100, Plymouth, MI, USA, 48170

Website

http://www.horizonglobal.com

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton, harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa.

Executives

Jian James Zhou	officer: Chief Financial Officer	47912 HALYARD DRIVE, STE.100, PLYMOUTH MI 48170
John Frederick Barrett	director	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Corre Partners Management, Llc	director, other: See Remarks	12 EAST 49TH STREET, SUITE 4003, NEW YORK NY 10017
John C Kennedy	director	GRAND RAPIDS 616- 698 0707, KENTWOOD MI 49512
Ryan L Langdon	director	1901 N ROSELLE RD., SUITE 500, SCHAUMBURG IL 60195
Terry Gohl	director, officer: President, CEO	27175 HAGGERTY ROAD, NOVI MI 48377
Debra Sue Oler	director	3 GRENADIER COURT, LINCOLNSHIRE IL 60069
Donna Costello	director	17 STEWART COURT, WESTWOOD NJ 07675
Matthew Pollick	officer: Chief Operating Officer	47912 HALYARD ROAD, STE. 100, PLYMOUTH MI 48170
Dennis E. Richardville	officer: Chief Financial Officer	47912 HALYARD DRIVE, SUITE 100, PLYMOUTH MI 48170
Matthew Joseph Meyer	other: Chief Accounting Officer	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Richard J. Jok	officer: Interim Chief Financial Office	47912 HALYARD ROAD, SUITE 100, PLYMOUTH MI 48170
Atlas Capital Resources Ii Lp	10 percent owner	ONE SOUND SHORE DRIVE, #203, GREENWICH CT 06830
James F Sistek	officer: Chief Administrative Officer	ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111
Harry James Wilson	director	VISTEON CORPORATION, ONE VILLAGE CENTER DRIVE, VAN BUREN TOWNSHIP MI 48111