Horizon Global (Horizon Global) Inventory Turnover : 0.83 (As of Sep. 2022)

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What is Horizon Global 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. Horizon Global's Cost of Goods Sold for the three months ended in Sep. 2022 was $132.3 Mil. Horizon Global's Average Total Inventories for the quarter that ended in Sep. 2022 was $160.3 Mil. Horizon Global's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.83.

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 three months ended in Sep. 2022 was 110.56.

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 quarter that ended in Sep. 2022 was 1.08.

Horizon Global Inventory Turnover Historical Data

The historical data trend for Horizon Global'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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Horizon Global Inventory Turnover Chart

Horizon Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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4.32

3.74

4.11

4.29

4.60

Horizon Global Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															1.02	0.91	0.94	0.93	0.83

Horizon Global Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	639.54	/ (	(115.32	+	162.83)	/	2 )
=	639.54	/	139.075
=	4.60

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

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	132.32	/ (	(165.03	+	155.6)	/	2 )
=	132.32	/	160.315
=	0.83

Horizon Global (NYSE:HZN) 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.

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

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

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 quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	160.315	/	148.97
	=	1.08

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.

Horizon Global Inventory Turnover Related Terms

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Horizon Global (Horizon Global) Business Description

Industry

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

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