Twin Vee PowerCats Co (Twin Vee PowerCats Co) Inventory Turnover : 1.02 (As of Dec. 2023)

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What is Twin Vee PowerCats Co 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. Twin Vee PowerCats Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.64 Mil. Twin Vee PowerCats Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $6.51 Mil. Twin Vee PowerCats Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Twin Vee PowerCats Co's Days Inventory for the three months ended in Dec. 2023 was 89.44.

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. Twin Vee PowerCats Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Twin Vee PowerCats Co Inventory Turnover Historical Data

The historical data trend for Twin Vee PowerCats Co'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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Twin Vee PowerCats Co Inventory Turnover Chart

Twin Vee PowerCats Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

9.03

7.67

6.94

7.35

5.33

Twin Vee PowerCats Co Quarterly Data
	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												1.74	1.28	1.13	0.81	1.02

Twin Vee PowerCats Co Inventory Turnover Calculation

Twin Vee PowerCats Co'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 )
=	23.703	/ (	(4.008	+	4.885)	/	2 )
=	23.703	/	4.4465
=	5.33

Twin Vee PowerCats Co'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 )
=	6.642	/ (	(8.135	+	4.885)	/	2 )
=	6.642	/	6.51
=	1.02

Twin Vee PowerCats Co (NAS:VEEE) 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.

Twin Vee PowerCats Co'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
	=	6.51	/	6.642	*	365 / 4
	=	89.44

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.

Twin Vee PowerCats Co'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 )
	=	6.51	/	8.445
	=	0.77

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.

Twin Vee PowerCats Co Inventory Turnover Related Terms

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Twin Vee PowerCats Co (Twin Vee PowerCats Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Twin Vee PowerCats Co (NAS:VEEE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South US-1, Fort Pierce, Florida, FL, USA, 34982

Website

https://www.twinvee.com

Twin Vee PowerCats Co is a designer, manufacturer, and marketer of recreational and commercial power catamaran boats to use for fishing, diving and water skiing and commercial activities including transportation, eco-tours, fishing, and diving expeditions. Its revenue is derived from the sale of boats, motors, and trailers to its independent dealers.

Executives

Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Bard D. Rockenbach	director	3101 S. US-1, FT. PIERCE FL 34982
Carrie L. Gunnerson	officer: Chief Financial Officer	5556 HIGHWAY 9, ARMSTRONG IA 50514
Steven A Shallcross	director	C/O ELYS GAME TECHNOLOGY CORP., 130 ADELAIDE STREET WEST, SUITE 701, TORONTO A6 M5H2K4
Joseph C Visconti	director, 10 percent owner, officer: CEO and President	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Donna Barnett	officer: Chief Financial Officer	3101 S. US-1, FT. PIERCE FL 34982
Preston Yarborough	director, officer: Vice President	3101 S. US-1, FT. PIERCE FL 34981
James Henry Melvin	director	3101 S. US-1, FT. PIERCE FL 34982
Daniel Norton	officer: Chief Engineer	3101 S. US-1, FT. PIERCE FL 34982