Alpine 4 Holdings (Alpine 4 Holdings) Inventory Turnover : 0.82 (As of Jun. 2023)

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What is Alpine 4 Holdings 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. Alpine 4 Holdings's Cost of Goods Sold for the three months ended in Jun. 2023 was $20.2 Mil. Alpine 4 Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was $24.6 Mil. Alpine 4 Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alpine 4 Holdings's Days Inventory for the three months ended in Jun. 2023 was 111.12.

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. Alpine 4 Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.88.

Alpine 4 Holdings Inventory Turnover Historical Data

The historical data trend for Alpine 4 Holdings'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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Alpine 4 Holdings Inventory Turnover Chart

Alpine 4 Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.57

9.84

11.09

3.24

3.34

Alpine 4 Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.84	0.90	0.76	0.82

Alpine 4 Holdings Inventory Turnover Calculation

Alpine 4 Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	82.849	/ (	(24.42	+	25.258)	/	2 )
=	82.849	/	24.839
=	3.34

Alpine 4 Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	20.235	/ (	(25.263	+	24.019)	/	2 )
=	20.235	/	24.641
=	0.82

Alpine 4 Holdings (NAS:ALPP) 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.

Alpine 4 Holdings's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	24.641	/	20.235	*	365 / 4
	=	111.12

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.

Alpine 4 Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	24.641	/	28.022
	=	0.88

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.

Alpine 4 Holdings Inventory Turnover Related Terms

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Alpine 4 Holdings (Alpine 4 Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alpine 4 Holdings Inc (NAS:ALPP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2525 East Arizona Biltmore Circle, Suite 237, Phoenix, AZ, USA, 85016

Website

https://www.alpine4.com

Alpine 4 Holdings Inc is a holding company that acquires businesses in several industry segments namely Aerospace, Battery Tech, Defense Services, Technology, and Manufacturing, as either a Driver, Stabilizer, or Facilitator from the company's disruptive DSF business model. It focuses on how the incorporation of new technologies can drive innovation even in brick-and-mortar businesses, with an understanding of how technology and innovation can enhance businesses.

Executives

Winters Ii Charles W.	director, officer: Chrmn of Board; Director	2525 EAST ARIZONA BILTMORE CIR, SUITE 237, PHOENIX AZ 85016
Kent Wilson	director, officer: CEO; President; Secretary	2525 EAST ARIZONA BILTMORE CIRCLE, SUITE 237, PHOENIX AZ 85016
Ian Kantrowitz	director, officer: VP of IR; Director of IR	4742 N. 24TH STREET, SUITE 300, PHOENIX AZ 85016
Scott W. Edwards	director	946 E. LOBSTER TRAP LANE, TEMPE AZ 85283
David George Schmitt	officer: CHIEF FINANCIAL OFFICER	4742 N. 24TH STREET, SUITE 300, PHOENIZ AZ 85016
Richard Chiang	other: Previous Officer and Director	460 BRANNAN STREET SUITE 78064, SAN FRANCISCO CA 94107
Richard Battaglini	director, 10 percent owner, officer: Chairman and President	934 W CORONADO ROAD, PHOENIX AZ 85007