Northwest Pipe Co (Northwest Pipe Co) Inventory Turnover

: 1.04 (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. Northwest Pipe Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $90.9 Mil. Northwest Pipe Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $87.2 Mil. Northwest Pipe Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northwest Pipe Co's Days Inventory for the three months ended in Dec. 2023 was 87.52.

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. Northwest Pipe Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.79.

Northwest Pipe Co Inventory Turnover Historical Data

The historical data trend for Northwest Pipe 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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Northwest Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.63

7.87

6.51

5.69

4.52

Northwest Pipe 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	Get a 7-Day Free Trial															1.19	1.16	1.21	1.19	1.04

Northwest Pipe Co Inventory Turnover Calculation

Northwest Pipe 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 )
=	366.713	/ (	(71.029	+	91.229)	/	2 )
=	366.713	/	81.129
=	4.52

Northwest Pipe 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 )
=	90.874	/ (	(83.093	+	91.229)	/	2 )
=	90.874	/	87.161
=	1.04

Northwest Pipe Co (NAS:NWPX) 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.

Northwest Pipe 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
	=	87.161	/	90.874	*	365 / 4
	=	87.52

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.

Northwest Pipe 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 )
	=	87.161	/	110.164
	=	0.79

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.

Northwest Pipe Co Inventory Turnover Related Terms

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Northwest Pipe Co (Northwest Pipe Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Northwest Pipe Co (NAS:NWPX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NW7:Germany

Address

201 North East Park Plaza Drive, Suite 100, Vancouver, WA, USA, 98684

Website

https://www.nwpipe.com

Northwest Pipe Co is a manufacturer of water-related infrastructure products. The company has two operating segments; Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are related to drinking water systems. These products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications, and Precast Infrastructure and Engineered Systems segment manufacture stormwater and wastewater technology products, high-quality precast and reinforced concrete products, including manholes, box culverts, vaults, and catch basins, pump lift stations, oil water separators, biofiltration, and other environmental and engineered solutions.

Executives

Irma Lockridge	director	C/O TRINITY CAPITAL INC., 1 N. 1ST STREET, 3RD FLOOR, PHOENIX AZ 85004
Michael C Franson	director	1401 17TH STREET 750, DENVER CO 80202
Richard A Roman	director	1984 SW 16TH AVE, PORTLAND OR 97201
Scott J Montross	officer: President & CEO
Michael Wray	officer: Sr VP/GM of Precast	201 NE PARK PLAZA DRIVE, SUITE 100, VANCOUVER WA 98684
Keith R Larson	director	11 HILLSHIRE DRIVE, LAKE OSWEGO OR 97034
Amanda Kulesa	director	201 NE PARK PLAZA DRIVE, SUITE 100, VANCOUVER WA 98684
Michelle Galanter Applebaum	director	5721 SE COLUMBIA WAY SUITE 200, VANCOUVER WA 98661
Megan A. Kendrick	officer: VP of Human Resources	5721 SE COLUMBIA WAY SUITE 200, VANCOUVER WA 98661
William S. Yearsley	director	833 WEST SOUTH BOULDER ROAD, LOUISVILLE CO 80027
Eric Stokes	officer: Sr. VP of Sales & Marketing	201 NE PARK PLAZA DRIVE, SUITE 100, VANCOUVER WA 98684
John Paschal	director	201 NE PARK PLAZA DRIVE, SUITE 100, VANCOUVER WA 98684
Miles Brittain	other: VP of Operations	201 NE PARK PLAZA DRIVE, SUITE 100, VANCOUVER WA 98684
Aaron Wilkins	officer: VP of Finance &Corp Controller	5721 SE COLUMBIA WAY SUITE 200, VANCOUVER WA 98661
James E Declusin	director	OREGON STEEL MILLS INC, 1000 SW BROADWAY STE 2200, PORTLAND OR 97205