Chase (CCF) Inventory Turnover : 0.89 (As of Aug. 2023)

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What is Chase 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. Chase's Cost of Goods Sold for the three months ended in Aug. 2023 was $65.5 Mil. Chase's Average Total Inventories for the quarter that ended in Aug. 2023 was $73.5 Mil. Chase's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chase's Days Inventory for the three months ended in Aug. 2023 was 102.41.

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. Chase's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.73.

Chase Inventory Turnover Historical Data

The historical data trend for Chase'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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Chase Inventory Turnover Chart

Chase Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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4.39

3.97

4.35

3.89

3.90

Chase Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															0.89	0.90	0.70	0.82	0.89

Chase Inventory Turnover Calculation

Chase's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	258.574	/ (	(63.039	+	69.576)	/	2 )
=	258.574	/	66.3075
=	3.90

Chase's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	65.516	/ (	(77.485	+	69.576)	/	2 )
=	65.516	/	73.5305
=	0.89

Chase (AMEX:CCF) 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.

Chase's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	73.5305	/	65.516	*	365 / 4
	=	102.41

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.

Chase's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	73.5305	/	100.197
	=	0.73

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.

Chase Inventory Turnover Related Terms

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Chase (CCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chase Corp (AMEX:CCF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

375 University Avenue, Westwood, MA, USA, 02090

Website

https://www.chasecorp.com

Chase Corp is a specialty chemical company. It operates through the following segments: Adhesives, Sealants and Additives, Industrial Tapes and Corrosion Protection and Waterproofing. The firm generates majority revenue from the Industrial Tapes segment. Its Industrial Tapes segment features legacy wire and cable materials, specialty tapes, and other laminated and coated products. Geographically, it derives a majority of revenue from North America and also has a presence in Asia; Europe, and Other Countries.

Executives

Adam Chase	officer: COO/Vice President	104 ALBION ROAD, WELLESLEY MA 02481
Thomas Jr Wroe	director
Ellen Rubin	director	11 CLEMENTS ROAD, NEWTON MA 02458
Mary Claire Chase	director	115 SUMNER STREET, NEWTON MA 02459
Derby John H. Iii	director	1029 OCEAN BLVD., RYE NH 03870
Jeffery D Haigh	officer: Corporate Secretary	2 SUMMER STREET, NORWOOD MA 02062
Michael J. Bourque	officer: Treasurer & CFO	ANALOGIC CORPORATION, 8 CENTENNIAL DRIVE, PEABODY MA 01960
Lewis P Gack	director	5 LIVINGTON CIRCLE, ANDOVER MA 01810
Peter R Chase	officer: President, CEO	305 GRANGE PARK, BRIDGEWATER MA 02324
Joan Wallace-benjamin	director	175 SANDY VALLEY ROAD, DEDHAM MA 02026
Christian John Talma	officer: Chief Accounting Officer	5 ALHAMBRA RD., WELLESLEY MA 02481
Chad A. Mcdaniel	director	C/O LYDALL, INC., 1 COLONIAL ROAD, MANCHESTER CT 06042
Thomas D. Debyle	director	STANDEX INT'L, 6 MANOR PARKWAY, SALEM NH 03079
Kenneth James Feroldi	officer: CFO/Treasurer	67 KIMBERLEY DRIVE, WAKEFIELD RI 02878
Everett Jr Chadwick	director	20 SOUTH DRIVE, BRIDGEWATER MA 02324