PowerFleet (JSE:PWR) Inventory Turnover : 0.79 (As of Dec. 2023)

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What is PowerFleet 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. PowerFleet's Cost of Goods Sold for the three months ended in Dec. 2023 was R323 Mil. PowerFleet's Average Total Inventories for the quarter that ended in Dec. 2023 was R410 Mil. PowerFleet's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PowerFleet's Days Inventory for the three months ended in Dec. 2023 was 115.84.

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. PowerFleet's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

PowerFleet Inventory Turnover Historical Data

The historical data trend for PowerFleet'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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PowerFleet Inventory Turnover Chart

PowerFleet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.15

3.80

4.37

3.63

3.08

PowerFleet 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															0.72	0.74	0.72	0.80	0.79

PowerFleet Inventory Turnover Calculation

PowerFleet'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 )
=	1242.062	/ (	(384.86	+	421.139)	/	2 )
=	1242.062	/	402.9995
=	3.08

PowerFleet'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 )
=	323.149	/ (	(399.323	+	421.139)	/	2 )
=	323.149	/	410.231
=	0.79

PowerFleet (JSE:PWR) 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.

PowerFleet'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
	=	410.231	/	323.149	*	365 / 4
	=	115.84

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.

PowerFleet'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 )
	=	410.231	/	645.664
	=	0.64

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.

PowerFleet Inventory Turnover Related Terms

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PowerFleet (JSE:PWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerFleet Inc (JSE:PWR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PWFL:USA PWFL:Israel 3LO:Germany

Address

123 Tice Boulevard, Suite 101, Woodcliff Lake, NJ, USA, 07677

Website

https://www.powerfleet.com

PowerFleet Inc provides subscription-based wireless Internet-of-Things (IoT) and machine-to-machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, trailers, containers, cargo, light vehicles, and heavy truck fleets. The firm's systems utilize radio frequency identification, Wi-fi, satellite communications, and sensor technology to manage its assets. It operates in the segment of Wireless IoT asset management. The company has a business presence in the U. S, Israel, and other countries, of which key revenue is derived from the U.S.