Polished.com (Polished.com) Change In Inventory : $12.4 Mil (TTM As of Sep. 2023)

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What is Polished.com Change In Inventory?

Polished.com's change in inventory for the quarter that ended in Sep. 2023 was $10.1 Mil. It means Polished.com's inventory declined by $10.1 Mil from Jun. 2023 to Sep. 2023 .

Polished.com's change in inventory for the fiscal year that ended in Dec. 2022 was $9.7 Mil. It means Polished.com's inventory declined by $9.7 Mil from Dec. 2021 to Dec. 2022 .

Polished.com's Total Inventories for the quarter that ended in Sep. 2023 was $30.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polished.com's Days Inventory for the quarter that ended in Sep. 2023 was 50.75.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polished.com's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.80.

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. Polished.com's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.45.

Polished.com Change In Inventory Historical Data

The historical data trend for Polished.com's Change In Inventory 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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Polished.com Change In Inventory Chart

Polished.com Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

0.60

-3.77

-26.58

9.68

Polished.com Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial														3.70	11.86	2.33	-	10.06

Polished.com Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.4 Mil.

Polished.com (OTCPK:POLCQ) Change In Inventory Explanation

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

Polished.com's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	34.7705	/	62.513	*	365 / 4
	=	50.75

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.513	/	34.7705
	=	1.80

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.7705	/	77.818
	=	0.45

Polished.com Change In Inventory Related Terms

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Polished.com (Polished.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Polished.com Inc (OTCPK:POLCQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1870 Bath Avenue, Brooklyn, NY, USA, 11214

Website

https://www.polished.com

Polished.com Inc is an e-commerce destination for home furnishings, appliances, furniture, home goods, and related products. It sells various products such as refrigerators, ranges, ovens, dishwashers, microwaves, freezers, washers, and dryers. The firm's brand portfolio consists of Bosch, Whirlpool, GE, Maytag, LG, Samsung, Sharp, and Kitchen Aid, among others.

Executives

Houman Akhavan	director	C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
John E. Bunka	officer: Interim CEO	C/O POLISHED.COM INC., 1870 BATH AVENUE, BROOKLYN NY 11214
James M Schneider	director	C/O GAP, INC., 2 FOLSOM ST., SAN FRANCISCO CA 94105
Maria Johnson	officer: Chief Financial Officer	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Albert Fouerti	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Clark R. Crosnoe	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011
Glyn C. Milburn	director	13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011
Gary Alan Shaw	director	C/O 1847 GOEDEKER INC., 3817 MILLSTON PARKWAY, ST. CHARLES MO 63301
Selim A Bassoul	director	C/O MIDDLEBY CORP, 1400 TOASTMASTER DRIVE, ELGIN IL 8477413300
Thomas S. Harcum	officer: CMO and CTO	C/O 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011
Alan P. Shor	director	C/O 1847 GOEDEKER INC., 3817 MILLSTONE PARKWAY, ST. CHARLES MO 63301
Jacob Guilhas	officer: VP of Logistics	13850 MANCHESTER RD., BALLWIN MO 63011
1847 Holdings Llc	10 percent owner	590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Edward Tobin	director	C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022
1847 Goedeker Holdco Inc.	10 percent owner	13850 MANCHESTER RD., BALLWIN MO 63011