Crawford United (Crawford United) Inventory Turnover : 1.53 (As of Mar. 2024)

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What is Crawford United 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. Crawford United's Cost of Goods Sold for the three months ended in Mar. 2024 was $28.2 Mil. Crawford United's Average Total Inventories for the quarter that ended in Mar. 2024 was $18.4 Mil. Crawford United's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crawford United's Days Inventory for the three months ended in Mar. 2024 was 59.54.

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. Crawford United's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Crawford United Inventory Turnover Historical Data

The historical data trend for Crawford United'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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Crawford United Inventory Turnover Chart

Crawford United Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.64

7.07

5.96

5.48

5.61

Crawford United 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															1.45	1.30	1.19	1.36	1.53

Crawford United Inventory Turnover Calculation

Crawford United'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 )
=	106.24	/ (	(20.176	+	17.673)	/	2 )
=	106.24	/	18.9245
=	5.61

Crawford United'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 )
=	28.195	/ (	(17.673	+	19.123)	/	2 )
=	28.195	/	18.398
=	1.53

Crawford United (OTCPK:CRAWA) 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.

Crawford United'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
	=	18.398	/	28.195	*	365 / 4
	=	59.54

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.

Crawford United'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 )
	=	18.398	/	38.44
	=	0.48

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.

Crawford United Inventory Turnover Related Terms

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Crawford United (Crawford United) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crawford United Corp (OTCPK:CRAWA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10514 Dupont Avenue, Cleveland, OH, USA, 44108

Website

https://www.crawfordunited.com

Crawford United Corp is engaged in providing specialty industrial products to diverse markets of healthcare, education, automotive, aerospace, trucking, and petrochemical. The company operates through the following segments, namely Commercial Air Handling Equipment, which is into designing, manufacturing, and installing large-scale commercial, institutional, and industrial custom air handling solutions; and Industrial & Transportation Products, which is into the manufacture of flexible interlocking metal hoses and the distribution of silicone and hydraulic hoses. The company's geographical segments include the United States, Puerto Rico, Mexico, Canada, and Others.

Executives

Matthew V Crawford	director
Edward F Crawford	director
James W Wert	director
Jay Daly	officer: Chief Financial Officer	10514 DUPONT AVENUE, CLEVELAND OH 44108
Luis Enrique Jimenez	director	10514 DUPONT AVENUE, CLEVELAND OH 44108
George Richard Hart	officer: Vice President of Engineering	C/O HICKOK INCORPORATED, 10514 DUPONT AVENUE, CLEVELAND OH 44108
Kelly Kuna	officer: Chief Financial Officer	6050 OAK TREE BLVD., SUITE #500, CLEVELAND OH 44131
Steven Rosen	director, 10 percent owner	25101 CHAGRIN BOULEVARD SUITE 350, BEACHWOOD OH 44122
Brian E Powers	director	25101 CHAGRIN BLVD., SUITE 210, CLEVELAND OH 44122
Three Bears Trust	10 percent owner	1660 WEST 2ND STREET, SUITE 1100, CLEVELAND OH 44122
Jennifer Aplin Elliot	director, 10 percent owner	1178 BELLINGHAM DR., OCEANSIDE CA 92057
Roundball Llc	10 percent owner	1660 WEST 2ND STREET SUITE 1100, CLEVELAND OH 44113
Kirin Smith	director	C/O HICKOK INCORPORATED, 10514 DUPONT AVENUE, CLEVELAND OH 44108
Patrick R Bauman	officer: Vice President Sales/Marketing	851 STUART AVENUE, SOUTH EUCLID OH 44121
James F Allen	officer: Vice President Manufacturing	1307 JANE LANE, GREENWOOD MS 38930