Compass Diversified Holdings (Compass Diversified Holdings) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is Compass Diversified Holdings 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. Compass Diversified Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $282.46 Mil. Compass Diversified Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $764.60 Mil. Compass Diversified Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compass Diversified Holdings's Days Inventory for the three months ended in Mar. 2024 was 247.00.

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. Compass Diversified Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.46.

Compass Diversified Holdings Inventory Turnover Historical Data

The historical data trend for Compass Diversified Holdings'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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Compass Diversified Holdings Inventory Turnover Chart

Compass Diversified Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.58

2.74

2.32

1.97

1.64

Compass Diversified Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.37	0.40	0.34	0.37

Compass Diversified Holdings Inventory Turnover Calculation

Compass Diversified Holdings'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 )
=	1165.553	/ (	(680.545	+	740.387)	/	2 )
=	1165.553	/	710.466
=	1.64

Compass Diversified Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	282.463	/ (	(740.387	+	788.809)	/	2 )
=	282.463	/	764.598
=	0.37

Compass Diversified Holdings (NYSE:CODIpA.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.

Compass Diversified Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	764.598	/	282.463	*	365 / 4
	=	247.00

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.

Compass Diversified Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	764.598	/	524.29
	=	1.46

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.

Compass Diversified Holdings Inventory Turnover Related Terms

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Compass Diversified Holdings (Compass Diversified Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Compass Diversified Holdings (NYSE:CODIpA.PFD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CODIpC.PFD:USA CODIpB.PFD:USA CODI:USA

Address

301 Riverside Avenue, Second Floor, Westport, CT, USA, 06880

Website

https://compassdiversified.com

Compass Diversified Holdings is a diversified business conglomerate based in the United States having two groups: branded consumer business and niche industrial business. Branded consumer businesses are characterized as those businesses that capitalize on a valuable brand name in their respective market sector. It includes 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor. Niche industrial businesses are characterized as those businesses that focus on manufacturing and selling particular products and industrial services within a specific market sector. It includes Advanced Circuits, Arnold, Foam Fabricators, and Sterno. The company has operations in the United States, Canada, Europe, Asia Pacific, and other International areas.