Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Inventory Turnover : 0.39 (As of Dec. 2023)

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What is Espey Manufacturing & Electronics 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. Espey Manufacturing & Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.16 Mil. Espey Manufacturing & Electronics's Average Total Inventories for the quarter that ended in Dec. 2023 was $18.56 Mil. Espey Manufacturing & Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Espey Manufacturing & Electronics's Days Inventory for the three months ended in Dec. 2023 was 236.52.

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. Espey Manufacturing & Electronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.80.

Espey Manufacturing & Electronics Inventory Turnover Historical Data

The historical data trend for Espey Manufacturing & Electronics'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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Espey Manufacturing & Electronics Inventory Turnover Chart

Espey Manufacturing & Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.39

1.85

1.45

1.43

Espey Manufacturing & Electronics 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															0.35	0.42	0.33	0.32	0.39

Espey Manufacturing & Electronics Inventory Turnover Calculation

Espey Manufacturing & Electronics's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	27.541	/ (	(18.56	+	19.89)	/	2 )
=	27.541	/	19.225
=	1.43

Espey Manufacturing & Electronics'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 )
=	7.16	/ (	(19.255	+	17.862)	/	2 )
=	7.16	/	18.5585
=	0.39

Espey Manufacturing & Electronics (AMEX:ESP) 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.

Espey Manufacturing & Electronics'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
	=	18.5585	/	7.16	*	365 / 4
	=	236.52

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.

Espey Manufacturing & Electronics'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 )
	=	18.5585	/	10.303
	=	1.80

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.

Espey Manufacturing & Electronics Inventory Turnover Related Terms

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Espey Manufacturing & Electronics (Espey Manufacturing & Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Espey Manufacturing & Electronics Corp (AMEX:ESP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Ballston Avenue, Saratoga Springs, NY, USA, 12866

Website

https://www.espey.com

Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.

Executives

Nancy Koskey Patzwahl	director	81 OLD LANE, CLAVERACK NY 12513
Peggy A Murphy	officer: Corporate Secretary	91 FEEDER DAM RD, S GLENSFALLS NY 12803
Katrina Leonore Sparano	officer: Assistant Treasurer	670 ACLAND BLVD., BALLSTON SPA NY 12020
Howard M Pinsley	director, officer: President/CEO, other: Chairman of the Board	233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Barry Pinsley	director	6101 PELICAN BAY BLVD., NAPLES FL 34108
Alvin O Sabo	director	51 ISLAND VIEW ROAD, COHOES NY 12047
Paul J Corr	director	87 RAILROAD PLACE, UNIT 306, SARATOGA SPRINGS NY 12866
David A Oneil	officer: Treasurer	14 BRIDGET CIRCLE, COHOES NY 12047
Sexauer Roger Nicholas Ii	director	2820 BENNETT POINT RD., QUEENSTOWN MD 21658
Carl Helmetag	director	330 SEA VIEW, RIVERSIDE RI 02915
Enright Patrick Thomas Jr.	director, officer: President and CEO	3111 SQUAW CREEK TRAIL, BALLSTON SPA NY 12020
Michael W Wool	director	131 HILLS POINT RD, CHARLOTTE VT 05402
St Pierre Mark Francis	officer: President	13 SECLUDED RIDGE, SOUTHWICK MA 01077
Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust	10 percent owner, other: Retirement Plan Trust	233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Seymour Saslow	director	199 CAROLINE ST, SARATOGA SPRINGS NY 12866