Rocky Brands (Rocky Brands) Inventory-to-Revenue : 1.45 (As of Dec. 2023)

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What is Rocky Brands Inventory-to-Revenue?

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. Rocky Brands's Average Total Inventories for the quarter that ended in Dec. 2023 was $182.0 Mil. Rocky Brands's Revenue for the three months ended in Dec. 2023 was $126.0 Mil. Rocky Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.45.

Rocky Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (1.64) to Sep. 2023 (1.45)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rocky Brands's Days Inventory for the three months ended in Dec. 2023 was 220.74.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rocky Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.41.

Rocky Brands Inventory-to-Revenue Historical Data

The historical data trend for Rocky Brands's Inventory-to-Revenue 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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Rocky Brands Inventory-to-Revenue Chart

Rocky Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.28

0.30

0.38

0.44

Rocky Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															1.80	2.08	2.22	1.64	1.45

Competitive Comparison of Rocky Brands's Inventory-to-Revenue

For the Footwear & Accessories subindustry, Rocky Brands's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rocky Brands's Inventory-to-Revenue Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rocky Brands's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Rocky Brands's Inventory-to-Revenue falls into.

Rocky Brands Inventory-to-Revenue Calculation

Rocky Brands's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (235.4	+	169.201)	/	2 )	/	461.833
=	202.3005					/	461.833
=	0.44

Rocky Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (194.734	+	169.201)	/	2 )	/	125.952
=	181.9675					/	125.952
=	1.44

Rocky Brands (NAS:RCKY) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Rocky Brands'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
	=	181.9675	/	75.223	*	365 / 4
	=	220.74

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Rocky Brands's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	75.223	/	181.9675
	=	0.41

Rocky Brands Inventory-to-Revenue Related Terms

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Rocky Brands (Rocky Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rocky Brands Inc (NAS:RCKY) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

RCK:Germany

Address

39 East Canal Street, Nelsonville, OH, USA, 45764

Website

https://www.rockybrands.com

Rocky Brands Inc acts as a designer, manufacturer, and marketer of premium-quality footwear and apparel. The company's family of brands includes Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation, and the licensed brand Michelin footwear. The company operates its business through three business segments: Wholesale, Retail and Contract. It generates majority of the revenue from Wholesale segment.

Executives

Mike Brooks	director, officer: Chairman, President and CEO	39 E CANAL ST, NELSONVILLE OH 45764
Curtis A Loveland	director, officer: Secretary	PORTER WRIGHT MORRIS & ARTHUR, 41 SOUTH HIGH STREET, COLUMBUS OH 43215
Moore Robert Burton Jr.	director	39 E. CANAL ST., NELSONVILLE OH 45764
Haning G Courtney	director	110 N. MAIN ST., NEW LEXINGTON OH 43764
Michael L Finn	director	2555 INTERNATIONAL STREET, COLUMBUS OH 43221
Dwight Eric Smith	director	518 EAST BROAD STREET, COLUMBUS OH 43215
Sarah E O'connor	officer: SVP, CFO and Treasurer	39 EAST CANAL STREET, NELSONVILLE OH 45764
Jason Brooks	officer: President-US Wholesale Sales	39 E. CANAL ST., NELSONVILLE OH 45764
Thomas D. Robertson	officer: Chief Financial Officer	39 E. CANAL ST., NELSONVILLE OH 45764
James L Stewart	director	39 EAST CANAL ST, NELSONVILLE OH 45764
Robyn R. Hahn	director	39 E. CANAL ST., NELSONVILLE OH 45764
William L Jordan	director	810 DSW DRIVE, COLUMBUS OH 43219
Byron Wortham	officer: Pres CoreBrndSalesMktg&ProdDev	39 E. CANAL ST., NELSONVILLE OH 45764
Tracie A. Winbigler	director	39 E. CANAL ST., NELSONVILLE OH 45764
Richard Simms	officer: President-Retail Sales	39 E. CANAL ST., NELSONVILLE OH 45764