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Non-Tech : New Holland and the Ag Equipment Group -- Ignore unavailable to you. Want to Upgrade?


To: James Clarke who wrote (64)3/15/1999 7:19:00 PM
From: Bob Rudd  Respond to of 113
 
Inventories: Actually my post contained a quote from a Yahoo post about the inventories...I reposted here, hoping for verification or repudiation. From your post it appears that NH isn't out of whack.



To: James Clarke who wrote (64)3/15/1999 11:26:00 PM
From: Q.  Read Replies (1) | Respond to of 113
 
NH inventory looks like 4 months, based on the last news release:

$1.5 B inventory / $1.1 B quarterly equipment sales = 1.35 quarters of revenue = 4 months.

Of course if you anticipate revenues declining further, then the denominator will shrink and the same inventory will be bigger. Is that how you got 6 months?