APRDM.PFD (Alabama Power Co) Inventory Turnover : 1.50 (As of Jun. 2022)

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What is Alabama Power 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. Alabama Power Co's Cost of Goods Sold for the three months ended in Jun. 2022 was $1,058.00 Mil. Alabama Power Co's Average Total Inventories for the quarter that ended in Jun. 2022 was $707.50 Mil. Alabama Power Co's Inventory Turnover for the quarter that ended in Jun. 2022 was 1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alabama Power Co's Days Inventory for the three months ended in Jun. 2022 was 61.02.

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. Alabama Power Co's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.37.

Alabama Power Co Inventory Turnover Historical Data

The historical data trend for Alabama Power 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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Alabama Power Co Inventory Turnover Chart

Alabama Power Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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20.46

5.12

4.73

3.86

4.49

Alabama Power Co Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Inventory Turnover	Get a 7-Day Free Trial															1.01	1.22	1.35	1.20	1.50

Alabama Power Co Inventory Turnover Calculation

Alabama Power Co's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	3338	/ (	(781	+	707)	/	2 )
=	3338	/	744
=	4.49

Alabama Power Co's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	1058	/ (	(686	+	729)	/	2 )
=	1058	/	707.5
=	1.50

Alabama Power Co (OTCPK:APRDM.PFD) 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.

Alabama Power Co's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	707.5	/	1058	*	365 / 4
	=	61.02

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.

Alabama Power Co's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	707.5	/	1931
	=	0.37

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.

Alabama Power Co Inventory Turnover Related Terms

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Alabama Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Alabama Power Co (OTCPK:APRDM.PFD) » Definitions » Inventory Turnover

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Address

600 North 18th Street, Birmingham, AL, USA, 35291

Website

http://www.alabamapower.com

Alabama Power Co operates in the utility sector. The company supplies electricity and stellar service to homes, businesses and industries in the southern two-thirds of Alabama.

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