Crane Co (Crane Co) Inventory Turnover

: 0.96 (As of Dec. 2023)

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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. Crane Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $339 Mil. Crane Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $352 Mil. Crane Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crane Co's Days Inventory for the three months ended in Dec. 2023 was 94.72.

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. Crane Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Crane Co Inventory Turnover Historical Data

The historical data trend for Crane Co'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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Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 4.47 [6] => 4.35 [7] => 3.13 [8] => 3.56 [9] => 3.96 )

Crane Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.47

4.35

3.13

3.56

3.96

Crane Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.85	1.22	0.72	0.92	0.96

Crane Co Inventory Turnover Calculation

Crane Co'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 )
=	1281.4	/ (	(294.2	+	353.1)	/	2 )
=	1281.4	/	323.65
=	3.96

Crane Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	339.1	/ (	(350.9	+	353.1)	/	2 )
=	339.1	/	352
=	0.96

Crane Co (NYSE:CR) 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.

Crane Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	352	/	339.1	*	365 / 4
	=	94.72

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.

Crane Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	352	/	532.9
	=	0.66

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.

Crane Co Inventory Turnover Related Terms

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Crane Co (Crane Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane Co (NYSE:CR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CZN:Germany

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.craneco.com

Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2 billion in revenue in 2022.

Executives

Max H Mitchell	officer: President & CEO	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Richard A Maue	director, officer: Exec. V.P., CFO & PAO	C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE, WHITE PLAINS NY 10604
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Fund Crane	10 percent owner	C/O CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Tamara S. Polmanteer	officer: Exec. Vice President & CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ronald Carter Lindsay	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tullis James L L	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Charles G Mcclure	director	55 CABOT PL, BLOOMFIELD HILLS MI 48304
Alejandro Alcala	officer: Executive Vice President	100 FIRST STAMFORD PLACE, STAMFORD CT 06902