Recycling Asset Holdings (Recycling Asset Holdings) Inventory Turnover : 2.84 (As of Sep. 2019)

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What is Recycling Asset Holdings Inventory Turnover?

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. Recycling Asset Holdings's Cost of Goods Sold for the three months ended in Sep. 2019 was $13.12 Mil. Recycling Asset Holdings's Average Total Inventories for the quarter that ended in Sep. 2019 was $4.62 Mil. Recycling Asset Holdings's Inventory Turnover for the quarter that ended in Sep. 2019 was 2.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Recycling Asset Holdings's Days Inventory for the three months ended in Sep. 2019 was 32.17.

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. Recycling Asset Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.36.

Recycling Asset Holdings Inventory Turnover Historical Data

The historical data trend for Recycling Asset Holdings'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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Recycling Asset Holdings Inventory Turnover Chart

Recycling Asset Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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14.38

11.17

12.00

12.11

9.46

Recycling Asset Holdings Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															2.34	1.94	2.09	2.52	2.84

Recycling Asset Holdings Inventory Turnover Calculation

Recycling Asset Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	56.962	/ (	(5.106	+	6.934)	/	2 )
=	56.962	/	6.02
=	9.46

Recycling Asset Holdings's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	13.116	/ (	(5.258	+	3.99)	/	2 )
=	13.116	/	4.624
=	2.84

Recycling Asset Holdings (NAS:IDSA) 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.

Recycling Asset Holdings's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	4.624	/	13.116	*	365 / 4
	=	32.17

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.

Recycling Asset Holdings's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	4.624	/	12.966
	=	0.36

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.

Recycling Asset Holdings Inventory Turnover Related Terms

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Recycling Asset Holdings (Recycling Asset Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Recycling Asset Holdings Inc (NAS:IDSA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7100 Grade Lane, Louisville, KY, USA, 40213

Website

http://www.isa-inc.com

Industrial Services of America Inc is a waste and recycling company in the United States. It is engaged in the buying, processing, and marketing of ferrous and non-ferrous metals and other recyclable commodities and buys used autos in order to sell used auto parts. The company's business activity falls within a single segment - The Recycling Segment, which provides ferrous and non-ferrous recycling in four locations in the Midwest. It has operating locations in Louisville, Kentucky, and Seymour and New Albany, Indiana.

Executives

Daniel M Rifkin	10 percent owner	6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804
David Treadway Russell	director	1720 ENSLEY AVE, LOS ANGELES CA 90024