EPFCF (Everyday People Financial) Inventory Turnover : 1.66 (As of Sep. 2024)

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What is Everyday People Financial 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. Everyday People Financial's Cost of Goods Sold for the three months ended in Sep. 2024 was $10.03 Mil. Everyday People Financial's Average Total Inventories for the quarter that ended in Sep. 2024 was $6.06 Mil. Everyday People Financial's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Everyday People Financial's Days Inventory for the three months ended in Sep. 2024 was 55.13.

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. Everyday People Financial's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.46.

Everyday People Financial Inventory Turnover Historical Data

The historical data trend for Everyday People Financial'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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Everyday People Financial Inventory Turnover Chart

Everyday People Financial Annual Data

Trend

Jul20

Jul21

Jul22

Dec23

Inventory Turnover

0.97

2.79

Everyday People Financial Quarterly Data
	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										0.84	0.87	1.88	0.75	1.66

Everyday People Financial Inventory Turnover Calculation

Everyday People Financial'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: Jul. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	11.098	/ (	(0	+	3.983)	/	1 )
=	11.098	/	3.983
=	2.79

Everyday People Financial's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	10.028	/ (	(7.149	+	4.968)	/	2 )
=	10.028	/	6.0585
=	1.66

Everyday People Financial (OTCPK:EPFCF) 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.

Everyday People Financial's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	6.0585	/	10.028	*	365 / 4
	=	55.13

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.

Everyday People Financial's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	6.0585	/	13.129
	=	0.46

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.

Everyday People Financial Inventory Turnover Related Terms

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Everyday People Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Everyday People Financial Corp (OTCPK:EPFCF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EPF:Canada

Address

11150 Jasper Avenue, Suite 450, Edmonton, AB, CAN, T5K 0C7

Website

https://www.everydaypeoplefinancial.com

Everyday People Financial Corp is a financial services provider. Through its technology-driven ecosystem, alternative and specialty credit financing programs it offers credit and payment cards, homeownership facilitation, consumer lending, and payment management among other services. The reportable operating segments of the company are; Financial services, EP Homes facilitation services, Revenue cycle management services, and Contract receivable services. The majority of the company's revenue is derived from its Revenue cycle management services segment which provides debt collection services for corporations that have past due and default accounts. Geographically, the company generates a majority of its revenue from Canada followed by the United Kingdom and the United States of America.