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Flexsteel Industries (Flexsteel Industries) Change In Inventory : $5.6 Mil (TTM As of Dec. 2023)


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What is Flexsteel Industries Change In Inventory?

Flexsteel Industries's change in inventory for the quarter that ended in Dec. 2023 was $15.6 Mil. It means Flexsteel Industries's inventory declined by $15.6 Mil from Sep. 2023 to Dec. 2023 .

Flexsteel Industries's change in inventory for the fiscal year that ended in Jun. 2023 was $19.1 Mil. It means Flexsteel Industries's inventory declined by $19.1 Mil from Jun. 2022 to Jun. 2023 .

Flexsteel Industries's Total Inventories for the quarter that ended in Dec. 2023 was $105.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flexsteel Industries's Days Inventory for the quarter that ended in Dec. 2023 was 131.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Flexsteel Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.69.

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. Flexsteel Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.13.

Flexsteel Industries Change In Inventory Historical Data

The historical data trend for Flexsteel Industries's Change In Inventory 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.

* Premium members only.

Flexsteel Industries Change In Inventory Chart

Flexsteel Industries Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.55 23.09 -90.56 19.91 19.14

Flexsteel Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.56 -2.49 -8.77 1.27 15.57

Flexsteel Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.6 Mil.

* 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.

Flexsteel Industries  (NAS:FLXS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Flexsteel Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=113.0225/78.158*365 / 4
=131.95

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Flexsteel Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=78.158 / 113.0225
=0.69

3. 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.

Flexsteel Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=113.0225 / 100.108
=1.13

* 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.

Flexsteel Industries Change In Inventory Related Terms

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Flexsteel Industries (Flexsteel Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Flexsteel Industries Inc (NAS:FLXS) » Definitions » Change In Inventory
Comparable Companies
HOFT VIRC LCUT IRBT PRPL COOK BSET KEQU HBB SNBR SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SN TPX MHK XPAR:SK SZSE:002032 SZSE:000921
Traded in Other Exchanges
N/A
Address
385 Bell Street, Dubuque, IA, USA, 52001-0877
Website
https://www.flexsteel.com
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
Executives
Timothy Patrick Newlin officer: VP - Home Furnishings P.O. BOX 877, DUBUQUE IA 52004-0877
Derek P Schmidt officer: CFO & COO 385 BELL STREET, DUBUQUE IA 52001
Jeanne Mcgovern director 10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380
Gilbert Alejandro Huerta officer: CFO P.O. BOX 877, DUBUQUE IA 52004
Thomas M Levine director P. O. BOX 877, DUBUQUE IA 52004
Kathryn P Dickson director 1245 CEDAR LAKE ROAD S., MINNEAPOLIS MN 55416
Michael Scott Culbreth director 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
William S. Creekmuir director SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
Matthew Kaness director P.O. BOX 877, DUBUQUE IA 52004
Michael Joseph Mcclaflin officer: Chief Information Officer P.O. BOX 877, DUBUQUE IA 52004-0877
Jerald K Dittmer officer: President & CEO P.O. BOX 877, DUBUQUE IA 52004
Mary C Bottie director P. O. BOX 877, DUBUQUE IA 52004
Terrence Heath Willis officer: VP - Direct Commerce P.O. BOX 877, DUBUQUE IA 52004-0877
Hayden Carl Anthony Jr. officer: VP - Manufacturing P.O. BOX 877, DUBUQUE IA 52004-0877
Marcus D Hamilton officer: Chief Financial Officer P. O. BOX 877, DUBUQUE IA 52004