Hyster Yale (FRA:HYEA) Inventory Turnover : 0.99 (As of Mar. 2024)

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What is Hyster Yale Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hyster Yale's Cost of Goods Sold for the three months ended in Mar. 2024 was €755 Mil. Hyster Yale's Average Total Inventories for the quarter that ended in Mar. 2024 was €761 Mil. Hyster Yale's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyster Yale's Days Inventory for the three months ended in Mar. 2024 was 91.99.

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. Hyster Yale's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

Hyster Yale Inventory Turnover Historical Data

The historical data trend for Hyster Yale's Inventory Turnover 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.

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Hyster Yale Inventory Turnover Chart

Hyster Yale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.09

4.18

4.33

4.07

Hyster Yale Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.99	1.06	0.98	0.99	0.99

Hyster Yale Inventory Turnover Calculation

Hyster Yale's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3056.086	/ (	(754.728	+	747.997)	/	2 )
=	3056.086	/	751.3625
=	4.07

Hyster Yale's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	755.136	/ (	(747.997	+	774.548)	/	2 )
=	755.136	/	761.2725
=	0.99

Hyster Yale (FRA:HYEA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Hyster Yale's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	761.2725	/	755.136	*	365 / 4
	=	91.99

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.

Hyster Yale's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	761.2725	/	971.98
	=	0.78

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hyster Yale Inventory Turnover Related Terms

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Hyster Yale (FRA:HYEA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hyster Yale Inc (FRA:HYEA) » Definitions » Inventory Turnover

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HY:USA

Address

5875 Landerbrook Drive, Suite 300, Cleveland, OH, USA, 44124-4069

Website

https://www.hyster-yale.com

Hyster-Yale Materials Handling Inc designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks and the products are market under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company operates through three geographical regions namely: the Americas, EMEA, JAPIC, of which Americas region accounts for the larger share of the revenue.

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