SIFCO Industries (SIFCO Industries) Inventory Turnover

: 2.42 (As of Sep. 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. SIFCO Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $23.56 Mil. SIFCO Industries's Average Total Inventories for the quarter that ended in Sep. 2023 was $9.73 Mil. SIFCO Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SIFCO Industries's Days Inventory for the three months ended in Sep. 2023 was 37.70.

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. SIFCO Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.40.

SIFCO Industries Inventory Turnover Historical Data

The historical data trend for SIFCO Industries'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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SIFCO Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

7.08

7.18

6.29

7.97

8.92

SIFCO Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Take a 7-Day Free Trial																	2.08	2.32	1.79	1.68	2.42

SIFCO Industries Inventory Turnover Calculation

SIFCO Industries's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	79.492	/ (	(8.969	+	8.853)	/	2 )
=	79.492	/	8.911
=	8.92

SIFCO Industries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	23.557	/ (	(10.61	+	8.853)	/	2 )
=	23.557	/	9.7315
=	2.42

SIFCO Industries (AMEX:SIF) 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.

SIFCO Industries's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	9.7315	/	23.557	*	365 / 4
	=	37.70

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.

SIFCO Industries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	9.7315	/	24.628
	=	0.40

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.

SIFCO Industries Inventory Turnover Related Terms

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SIFCO Industries (SIFCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » SIFCO Industries Inc (AMEX:SIF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 East 64th Street, Cleveland, OH, USA, 44103

Website

https://www.sifco.com

SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.

Executives

Wells Norman E Jr.	director	PO BOX 609, AURORA OH 44202
Alayne L Reitman	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Peter William Knapper	director, officer: President & CEO	5924 MEDALLION DRIVE, WESTERVILLE OH 43082
Molten Donald C Jr.	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Mark J Silk	director, 10 percent owner	4946 AZUSA CANYON ROAD, IRWINDALE CA 91706
Hudson Smith	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Thomas Robert Kubera	officer: Corporate Controller	1327 SPRUCEDALE ROAD, BROADVIEW HEIGHTS OH 44147
Jeffrey P Gotschall	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Salvatore Incanno	officer: VP of Finance & CFO	970 E. 64TH ST, CLEVELAND OH 44103
John Sr Chapman	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Dennis Paul Hido	officer: Corporate Controller	21 EMERALD COURT, CANFIELD OH 44406
Catherine Marie Kramer	officer: Vice President-Finance & CFO	14388 CASTLEREAGH LANE, STRONSVILLE OH 44136
Frank N Nichols	director	8646 CARDINAL DRIVE, KIRTLAND OH 44094
Frank A Cappello	officer: Vice President Finance and CFO	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Miller P Charles Jr	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103