Federal Signal (Federal Signal) Inventory Turnover

: 1.04 (As of Dec. 2023)

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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. Federal Signal's Cost of Goods Sold for the three months ended in Dec. 2023 was $329 Mil. Federal Signal's Average Total Inventories for the quarter that ended in Dec. 2023 was $317 Mil. Federal Signal's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Federal Signal's Days Inventory for the three months ended in Dec. 2023 was 87.85.

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. Federal Signal's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Federal Signal Inventory Turnover Historical Data

The historical data trend for Federal Signal'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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Federal Signal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.28

4.55

4.47

4.18

4.27

Federal Signal 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															1.02	0.95	0.99	0.98	1.04

Federal Signal Inventory Turnover Calculation

Federal Signal'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 )
=	1272.5	/ (	(292.7	+	303.4)	/	2 )
=	1272.5	/	298.05
=	4.27

Federal Signal'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 )
=	329	/ (	(330.1	+	303.4)	/	2 )
=	329	/	316.75
=	1.04

Federal Signal (NYSE:FSS) 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.

Federal Signal'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
	=	316.75	/	329	*	365 / 4
	=	87.85

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.

Federal Signal'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 )
	=	316.75	/	448.4
	=	0.71

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.

Federal Signal Inventory Turnover Related Terms

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Federal Signal (Federal Signal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Federal Signal Corp (NYSE:FSS) » Definitions » Inventory Turnover

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FSG:Germany

Address

1415 West 22nd Street, Suite 1100, Oak Brook, IL, USA, 60523

Website

https://www.federalsignal.com

Federal Signal Corp designs and manufactures products and integrated solutions for municipal, governmental, industrial, and airport customers. It operates in the segments of Environmental Solutions Group and the Safety and Security Systems Group. The Environmental solutions group manufactures and supplies street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks, high-performance waterblasting equipment, dump truck bodies and trailers. The Safety and Security Systems Group offers comprehensive systems and products such as campus and community alerting, emergency vehicles, first responder interoperable communications, and others. The company generates a majority of its revenue from the Environmental Solutions Group segment.

Executives

Mark Weber	officer: President-Envir. Products Grp.	1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Felix Boeschen	officer: VP Strategy/Investor Relations	1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Dennis J Martin	director	505 WEST FRANKLIN AVENUE, NAPERVILLE IL 60540
Lauren B Elting	officer: VP & Corporate Controller	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Ian A. Hudson	officer: V.P. & Corporate Controller	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Diane Bonina	officer: VP, Gen'l Counsel & Secretary	1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Shashank Patel	director	1 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Svetlana Vinokur	officer: VP, Treasurer & Corp. Develop.	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Jennifer L Sherman	officer: VP, General Counsel & Sec.	1415 W. 22ND STREET, SUITE 1100, OAK BROOK IL 60523
William F Owens	director	C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
John L Workman	director	C/O HEALTHSOUTH CORPORATION, ONE HEALTHSOUTH PARKWAY, BIRMINGHAM AL 35243
Richard R Mudge	director	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523
Lowe Eugene Joseph Iii	director	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Patrick E. Miller	director	C/O COMMERICAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Samuel Miceli	officer: Sr. VP - Env. Solutions. Group	1415 WEST 22ND STREET, SUITE 1100, OAK BROOK IL 60523