Envela (Envela) Inventory Turnover

: 1.17 (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. Envela's Cost of Goods Sold for the three months ended in Dec. 2023 was $27.0 Mil. Envela's Average Total Inventories for the quarter that ended in Dec. 2023 was $23.1 Mil. Envela's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Envela's Days Inventory for the three months ended in Dec. 2023 was 78.17.

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. Envela's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.63.

Envela Inventory Turnover Historical Data

The historical data trend for Envela'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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Envela Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.82

9.31

9.12

8.41

6.21

Envela Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.94	1.95	1.95	1.19	1.17

Envela Inventory Turnover Calculation

Envela'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 )
=	130.017	/ (	(18.756	+	23.146)	/	2 )
=	130.017	/	20.951
=	6.21

Envela'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 )
=	26.965	/ (	(23.051	+	23.146)	/	2 )
=	26.965	/	23.0985
=	1.17

Envela (AMEX:ELA) 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.

Envela'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
	=	23.0985	/	26.965	*	365 / 4
	=	78.17

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.

Envela'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 )
	=	23.0985	/	36.715
	=	0.63

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.

Envela Inventory Turnover Related Terms

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Envela (Envela) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Envela Corp (AMEX:ELA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1901 Gateway Drive, Suite 100, Irving, TX, USA, 75038

Website

https://www.envela.com

Envela Corp and its subsidiaries engage in diverse business activities within the recommerce sector. These include recommercializing luxury hard assets, consumer electronics and IT equipment; and end-of-life recycling solutions. It operates through two re-commerce business segments represented by its two direct subsidiaries. DGSE, LLC primarily buys to resell or recycle luxury hard assets like jewelry, diamonds, gemstones, fine watches, rare coins and related collectibles, precious-metal bullion products, gold, silver and other precious metals, and ECHG, LLC focuses on the recommercialization of business IT equipment and consumer electronic devices.

Executives

Allison M Destefano	director	5353 KELLER SPRINGS, #2221, DALLAS TX 75248
Bret Allen Pedersen	officer: CHIEF FINANCIAL OFFICER	13022 PRESTON RD, DALLAS TX 75240
Richard D Schepp	director	C/O KOHLS LEGAL, N56 W170000 RIDGEWOOD DR, MENOMONEE FALLS WI 53051
James R Ruth	director	1337 EAGLE BEND DRIVE, SOUTHLAKE TX 76092
Alexandra C Griffin	director	2500 MCKINNEY AVE., #839, DALLAS TX 75201
Joel S Friedman	director	11527 ASHLEY LANE, FRISCO TX 75035
Eduro Holdings, Llc	10 percent owner	38660 SUSSEX HWY., BLDG 10, #102, DELMAR DE 19940-3529
John Richardson Loftus	director, 10 percent owner, officer: Chairman, President & CEO	13022 PRESTON RD, DALLAS TX 75240
Truscott Capital, Llc	10 percent owner	40 E. MAIN STREET, SUITE 626, NEWARK DE 19711
Ntr Metals, Llc	10 percent owner	10720 COMPOSITE DRIVE, DALLAS TX 75220
Elemetal, Llc	10 percent owner	15850 DALLAS PARKWAY, DALLAS TX 75248
Stephen Raymond Patterson	officer: Acting Chief Financial Officer	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248
William E Leroy	director	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248
Michael J. Noel	director	724 LEXINGTON AVE, COPPELL TX 75019
Nabil J. Lopez	director, officer: Chief Financial Officer	15850 DALLAS PARKWAY, SUITE 140, DALLAS TX 75248