Hasbro(Has) Financials: Inventory Turnover Compared To Industry Average, Plus Other Key Ratios
Growth Trend (Last 5 Years)
Growth - inventory turnover
This chart shows the historical trend of inventory turnover for HAS compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Inventory Turnover
Definition: Inventory turnover measures how quickly the company sells and replaces its inventory. A higher turnover means products are selling fast and inventory isn’t sitting idle. Slow turnover may suggest weak sales, poor demand forecasting, or obsolete inventory piling up — all of which can tie up cash unnecessarily.
Interpretation:
• In '2021', HAS's inventory turnover was 4.61, reflecting efficiency in managing inventory stock. Industry average for Recreational Games/Products/Toys in '2021' stood at 2.97.
• In '2022', HAS's inventory turnover was 3.91, reflecting efficiency in managing inventory stock. The decline from '2021' may indicate some operational or financial challenges. Industry average for Recreational Games/Products/Toys in '2022' stood at 2.95. Industry average declined by 0.01 from previous year.
• In '2023', HAS's inventory turnover was 4.23, reflecting efficiency in managing inventory stock. The increase since '2022' reflects strengthening financial performance. Industry average for Recreational Games/Products/Toys in '2023' stood at 2.68. Industry average declined by 0.27 from previous year.
• In '2024', HAS's inventory turnover was 4.83, reflecting efficiency in managing inventory stock. The increase since '2023' reflects strengthening financial performance. Industry average for Recreational Games/Products/Toys in '2024' stood at 3.27. Industry average increased by 0.58 compared to previous year.
Overall, HAS's inventory turnover has steadily improved over the past 4 years.
Formula: Inventory Turnover = Cost of Goods Sold / Average Inventory
Good Range: Typically 4 to 12 depending on industry.