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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. 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.
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.
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 | 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 | 0.76 | 0.78 | 0.77 | 0.71 | 0.65 |
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.
Thank you for viewing the detailed overview of Preformed Line Products Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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