HF Foods Group (HF Foods Group) Inventory Turnover : 2.30 (As of Mar. 2024)

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What is HF Foods Group 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. HF Foods Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $245 Mil. HF Foods Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $107 Mil. HF Foods Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HF Foods Group's Days Inventory for the three months ended in Mar. 2024 was 39.72.

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. HF Foods Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

HF Foods Group Inventory Turnover Historical Data

The historical data trend for HF Foods Group'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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HF Foods Group Inventory Turnover Chart

HF Foods Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.50

6.85

8.01

8.66

8.36

HF Foods Group 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															2.11	2.18	2.03	2.06	2.30

HF Foods Group Inventory Turnover Calculation

HF Foods Group'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 )
=	944.462	/ (	(120.291	+	105.618)	/	2 )
=	944.462	/	112.9545
=	8.36

HF Foods Group'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 )
=	245.243	/ (	(105.618	+	107.908)	/	2 )
=	245.243	/	106.763
=	2.30

HF Foods Group (NAS:HFFG) 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.

HF Foods Group'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
	=	106.763	/	245.243	*	365 / 4
	=	39.72

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.

HF Foods Group'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 )
	=	106.763	/	295.654
	=	0.36

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.

HF Foods Group Inventory Turnover Related Terms

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HF Foods Group (HF Foods Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » HF Foods Group Inc (NAS:HFFG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6325 South Rainbow Boulevard, Suite 420, Las Vegas, NV, USA, 89118

Website

https://www.hffoodsgroup.com

HF Foods Group Inc is an Asian food service distributor that markets and distributes fresh produce, seafood, frozen and dry food, and non-food products to Asian restaurants and other food service customers throughout the United States. The Company's business consists of one operating segment; HF Group, which operates solely in the United States. The Company's customer base consists of Chinese and Asian restaurants, and it provides sales and service support to customers who mainly converse in Mandarin or Chinese dialects.

Executives

Xiao Mou Zhang	director, officer: Chief Executive Officer	6001 W. MARKET STREET, GREENSBORO NC 27409
Prudence H Chiang	director	6325 S RAINBOW BLVD STE 420, LAS VEGAS NV 89118
Valerie Chase	director	SOUTH 6325 RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Xi Lin	officer: Chief Operating Officer	6001 W. MARKET STREET, GREENSBORO NC 27409
Russell T. Libby	director	SYSCO CORPORATION, 1390 ENCLAVE PARKWAY, HOUSTON TX 77077
Christine Chang	officer: See Remarks	19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748
Hong Wang	director	5811 WILDROSE DRIVE, GREENSBORO NC 27410
Carlos Antonio Rodriguez	officer: Chief Financial Officer	6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Jose Maroto	director	6325 SOUTH RAINBOW BOULEVARD, SUITE 420, LAS VEGAS NV 89118
Kong Hian Lee	officer: Chief Financial Officer	19319 ARENTH AVENUE, CITY OF INDUSTRY CA 91748
Spot Light Investments, Llc	10 percent owner	6001 W. MARKET STREET, GREENSBORO NC 27409
Ren Hua Zheng	director	2 DANDY DRIVE, COS COB CT 06807
Caixuan Xu	officer: Chief Financial Officer	6001 W. MARKET ST, GREENSBORO NC 27409
Zhehui Ni	director	ROOM 1704, BUILDING #16, NO. 58 AOMEN ROAD, SHANGHAI F4 200061
Irrevocable Trust For Raymond Ni	10 percent owner	6001 WEST MARKET STREET, GREENSBORO NC 27409