Progressive Planet Solutions (FRA:ARB3) Inventory Turnover : 1.27 (As of Oct. 2024)

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What is Progressive Planet Solutions 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. Progressive Planet Solutions's Cost of Goods Sold for the three months ended in Oct. 2024 was €2.24 Mil. Progressive Planet Solutions's Average Total Inventories for the quarter that ended in Oct. 2024 was €1.76 Mil. Progressive Planet Solutions's Inventory Turnover for the quarter that ended in Oct. 2024 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Progressive Planet Solutions's Days Inventory for the three months ended in Oct. 2024 was 71.68.

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. Progressive Planet Solutions's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.48.

Progressive Planet Solutions Inventory Turnover Historical Data

The historical data trend for Progressive Planet Solutions'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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Progressive Planet Solutions Inventory Turnover Chart

Progressive Planet Solutions Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Inventory Turnover

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1.03

4.38

4.91

Progressive Planet Solutions Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															1.42	1.18	1.09	1.22	1.27

Progressive Planet Solutions Inventory Turnover Calculation

Progressive Planet Solutions's Inventory Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Inventory Turnover (A: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2024 )	/ (	(Total Inventories (A: Apr. 2023 )	+	Total Inventories (A: Apr. 2024 ))	/	count )
=	9.282	/ (	(2.06	+	1.718)	/	2 )
=	9.282	/	1.889
=	4.91

Progressive Planet Solutions's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

	Inventory Turnover (Q: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2024 )	/ (	(Total Inventories (Q: Jul. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )
=	2.241	/ (	(1.715	+	1.806)	/	2 )
=	2.241	/	1.7605
=	1.27

Progressive Planet Solutions (FRA:ARB3) 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.

Progressive Planet Solutions's Days Inventory for the three months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	1.7605	/	2.241	*	365 / 4
	=	71.68

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.

Progressive Planet Solutions's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	1.7605	/	3.649
	=	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.

Progressive Planet Solutions Inventory Turnover Related Terms

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Progressive Planet Solutions Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (FRA:ARB3) » Definitions » Inventory Turnover

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ASHXF:USA PLAN:Canada

Address

724 Sarcee Street East, Kamloops, BC, CAN, V2H 1E7

Website

https://www.progressiveplanet.com

Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.

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