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Patrick Industries (Patrick Industries) Change In Inventory : $162 Mil (TTM As of Dec. 2023)


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What is Patrick Industries Change In Inventory?

Patrick Industries's change in inventory for the quarter that ended in Dec. 2023 was $8 Mil. It means Patrick Industries's inventory declined by $8 Mil from Sep. 2023 to Dec. 2023 .

Patrick Industries's change in inventory for the fiscal year that ended in Dec. 2023 was $162 Mil. It means Patrick Industries's inventory declined by $162 Mil from Dec. 2022 to Dec. 2023 .

Patrick Industries's Total Inventories for the quarter that ended in Dec. 2023 was $510 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Patrick Industries's Days Inventory for the quarter that ended in Dec. 2023 was 77.86.

Inventory Turnover measures how fast the company turns over its inventory within a year. Patrick Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.17.

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. Patrick Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.66.

Patrick Industries Change In Inventory Historical Data

The historical data trend for Patrick 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.

Patrick Industries Change In Inventory Chart

Patrick Industries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.68 -34.55 -232.47 -11.90 162.18

Patrick 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 73.20 39.50 77.94 37.19 7.55

Patrick 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 $162 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.

Patrick Industries  (NAS:PATK) Change In Inventory Explanation

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

Patrick 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
=513.895/602.285*365 / 4
=77.86

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

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

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=602.285 / 513.895
=1.17

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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=513.895 / 781.187
=0.66

* 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.

Patrick Industries Change In Inventory Related Terms

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Patrick Industries (Patrick Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Patrick Industries Inc (NAS:PATK) » Definitions » Change In Inventory
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Traded in Other Exchanges
PK2:Germany
Address
107 West Franklin Street, P.O. Box 638, Elkhart, IN, USA, 46515
Website
https://www.patrickind.com
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.
Executives
Andy L Nemeth director, officer: President C/O PATRICK INDUSTRIES, INC.,, P.O. BOX 638, ELKHART IN 46515-0638
Kip B Ellis officer: EVP Operations & COO 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Jeff Rodino officer: EVP-Sales, Chief Sales Officer 107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Todd M Cleveland director, officer: CEO 107 W. FRANKLIN ST., ELKHART IN 46515
Derrick B Mayes director 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Matthew S Filer officer: Interim CFO, Treasurer & PAO 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
M Scott Welch director 6 LONGWOOD COURT, ELKHART IN 46516
Stacey L Neu officer: EVP & CHRO C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Michael A Kitson director 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Pamela R Klyn director 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joel D Duthie officer: Chief Legal Officer/Secretary 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Blosser Courtney officer: Chief Human Resource Officer 107 W. FRANKLIN STREET, P.O.BOX 638, ELKHART IN 46515
Jacob R Petkovich officer: EVP Finance, CFO & Treasurer 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
James E Rose other: Principal Accounting Officer 107 W. FRANKLIN STREET, PO BOX 638, ELKHART IN 46515
Joshua A Boone officer: VP - Finance & CFO 107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515