ProPhotonix (ProPhotonix) Inventory Turnover : 1.74 (As of Jun. 2021)

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What is ProPhotonix 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. ProPhotonix's Cost of Goods Sold for the six months ended in Jun. 2021 was $4.55 Mil. ProPhotonix's Average Total Inventories for the quarter that ended in Jun. 2021 was $2.61 Mil. ProPhotonix's Inventory Turnover for the quarter that ended in Jun. 2021 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ProPhotonix's Days Inventory for the six months ended in Jun. 2021 was 104.65.

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. ProPhotonix's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.33.

ProPhotonix Inventory Turnover Historical Data

The historical data trend for ProPhotonix'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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ProPhotonix Inventory Turnover Chart

ProPhotonix Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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4.78

4.43

4.30

3.60

3.00

ProPhotonix Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Inventory Turnover	Get a 7-Day Free Trial															1.68	1.62	1.37	1.56	1.74

ProPhotonix Inventory Turnover Calculation

ProPhotonix's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	7.862	/ (	(2.584	+	2.651)	/	2 )
=	7.862	/	2.6175
=	3.00

ProPhotonix's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	4.548	/ (	(2.651	+	2.565)	/	2 )
=	4.548	/	2.608
=	1.74

ProPhotonix (OTCPK:STKR) 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.

ProPhotonix's Days Inventory for the six months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	2.608	/	4.548	*	365 / 2
	=	104.65

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.

ProPhotonix's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	2.608	/	7.867
	=	0.33

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.

ProPhotonix Inventory Turnover Related Terms

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ProPhotonix (ProPhotonix) Business Description

Industry

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Traded in Other Exchanges

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Address

13 Red Roof Lane, Suite 200, Salem, NH, USA, 03079

Website

https://www.prophotonix.com

ProPhotonix Ltd is engaged in the electronic component business. The company has two operating segments: Light-emitting diode systems (LEDs), which designs and manufactures LED systems for the inspection, machine vision, medical and military markets; and Laser & Diodes, which distributes laser diodes and designs and manufactures custom laser diodes modules for industrial, commercial, defense and medical applications. Its geographical segments are the United States; Canada, Mexico, & South America; Europe; and Asia & the rest of the world.