Harbor Diversified (Harbor Diversified) Total Inventories : $5.0 Mil (As of Sep. 2023)

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What is Harbor Diversified Total Inventories?

Harbor Diversified's total inventories for the quarter that ended in Sep. 2023 was $5.0 Mil. Harbor Diversified's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $5.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Harbor Diversified's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $1.48.

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 three months ended in Sep. 2023 was 9.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Harbor Diversified's Inventory Turnover for the quarter that 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 quarter that ended in Sep. 2023 was 0.10.

Harbor Diversified Total Inventories Historical Data

The historical data trend for Harbor Diversified's Total Inventories 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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Harbor Diversified Total Inventories Chart

Harbor Diversified Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec18

Dec19

Dec20

Dec21

Dec22

Total Inventories

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8.68

7.82

5.94

5.20

4.58

Harbor Diversified Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial															4.40	4.58	4.98	5.18	5.03

Harbor Diversified Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Harbor Diversified (OTCPK:HRBR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Harbor Diversified's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(152.401	+	0.75 * 31.151	+	0.5 * 5.029	-	114.004
-	0	-	0)	/	43.4561
=	1.48

2. 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 three months ended in Sep. 2023 is calculated as:

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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	48.591	/	5.1065
	=	9.52

4. 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 quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5.1065	/	50.056
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Harbor Diversified Total Inventories Related Terms

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Harbor Diversified (Harbor Diversified) Business Description

Industry

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

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

From GuruFocus

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Harbor Diversified, Inc. - HRBR

By PRNewswire • 04-04-2024