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Preformed Line Products Co (Preformed Line Products Co) Inventory Turnover : 0.65 (As of Dec. 2023)


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What is Preformed Line Products Co 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. Preformed Line Products Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $97.5 Mil. Preformed Line Products Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $149.2 Mil. Preformed Line Products Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Preformed Line Products Co's Days Inventory for the three months ended in Dec. 2023 was 139.66.

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. Preformed Line Products Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.02.


Preformed Line Products Co Inventory Turnover Historical Data

The historical data trend for Preformed Line Products 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.

* Premium members only.

Preformed Line Products Co Inventory Turnover Chart

Preformed Line Products Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.36 3.23 3.31 3.22 2.94

Preformed Line Products 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.78 0.77 0.71 0.65

Preformed Line Products Co Inventory Turnover Calculation

Preformed Line Products 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 )
=434.831 / ((147.458 + 148.814) / 2 )
=434.831 / 148.136
=2.94

Preformed Line Products 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 )
=97.503 / ((149.643 + 148.814) / 2 )
=97.503 / 149.2285
=0.65

* 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.


Preformed Line Products Co  (NAS:PLPC) 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.

Preformed Line Products 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
=149.2285/97.503*365 / 4
=139.66

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.

Preformed Line Products 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 )
=149.2285 / 145.603
=1.02

* 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.


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.


Preformed Line Products Co Inventory Turnover Related Terms

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Preformed Line Products Co (Preformed Line Products Co) Business Description

Traded in Other Exchanges
Address
660 Beta Drive, Mayfield Village, Cleveland, OH, USA, 44143
Preformed Line Products Co is a designer and manufacturer of products and systems for constructing and maintaining overhead and underground networks for energy, telecommunication, cable operators, data communication, and other industries. In addition, it provides solar hardware systems and mounting hardware for a variety of solar power applications. Its products consist of Energy Products, Communications Products, and Special Industries Products. The company's majority of the revenue is derived from the sale of products in the United States with operations also in The Americas, Europe, the Middle East and Africa, and Asia-Pacific. The revenue gets driven by Energy products which comprise protecting transmission conductors, spacers, spacer-dampers, and Stockbridge dampers.
Executives
Michael E Gibbons director 15885 SPRAGUE RD, STRONGSVILLE OH 44136-1799
Katherine E. Wensink 10 percent owner 600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Barbara P Ruhlman Irrevocable Trust Dated 7/29/08 10 percent owner P.O. BOX 91129, CLEVELAND OH 44101
Barbara P Ruhlman Revocable Trust Dated 9/21/16 10 percent owner 660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Randall M Ruhlman 10 percent owner C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
Robert G Ruhlman director, 10 percent owner C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114
Third Restatement Of Barbara P. Ruhlman Trust Agreement, Dated November 20, 2008 10 percent owner C/O MCDONALD HOPKINS LLC, 600 SUPERIOR AVENUE, EAST SUITE 2100, CLEVELAND OH 44114
Bernard L. Karr 10 percent owner 600 SUPERIOR AVENUE, EAST, SUITE 2100, CLEVELAND OH 44114
Andrew S Klaus officer: CFO 660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
John J Olenik officer: VP-Research & Engineering 660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Timothy O'shaughnessy officer: V.P. Human Resources 660 BETA DR, MAYFIELD VILLAGE OH 44143
Curlee J Cecil Jr officer: V.P. - Human Resources C/O PREFORMED LINE PRODUCTS, PO BOX 91129, CLEVELAND OH 44101
C Sunkle David officer: VP-Research & Engineering P.O. BOX 91129, CLEVELAND OH 44101
Michael A Weisbarth officer: VP-Finance & Treasurer 660 BETA DRIVE, MAYFIELD VILLAGE OH 44143
Barbara P Ruhlman 10 percent owner C/O BAKER HOSTETLER LLP, 1900 EAST NINTH ST, CLEVELAND OH 44114

Preformed Line Products Co (Preformed Line Products Co) Headlines