Inscape (Inscape) Inventory Turnover : 1.48 (As of Oct. 2022)

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What is Inscape 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. Inscape's Cost of Goods Sold for the three months ended in Oct. 2022 was $6.11 Mil. Inscape's Average Total Inventories for the quarter that ended in Oct. 2022 was $4.12 Mil. Inscape's Inventory Turnover for the quarter that ended in Oct. 2022 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inscape's Days Inventory for the three months ended in Oct. 2022 was 61.46.

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. Inscape's Inventory-to-Revenue for the quarter that ended in Oct. 2022 was 0.68.

Inscape Inventory Turnover Historical Data

The historical data trend for Inscape'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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Inscape Inventory Turnover Chart

Inscape Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Inventory Turnover

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11.89

9.69

8.67

7.24

7.74

Inscape Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Inventory Turnover	Get a 7-Day Free Trial															1.61	1.81	1.94	1.65	1.48

Inscape Inventory Turnover Calculation

Inscape's Inventory Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Inventory Turnover (A: Apr. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2022 )	/ (	(Total Inventories (A: Apr. 2021 )	+	Total Inventories (A: Apr. 2022 ))	/	count )
=	25.922	/ (	(2.799	+	3.901)	/	2 )
=	25.922	/	3.35
=	7.74

Inscape's Inventory Turnover for the quarter that ended in Oct. 2022 is calculated as

	Inventory Turnover (Q: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2022 )	/ (	(Total Inventories (Q: Jul. 2022 )	+	Total Inventories (Q: Oct. 2022 ))	/	count )
=	6.11	/ (	(4.082	+	4.148)	/	2 )
=	6.11	/	4.115
=	1.48

Inscape (GREY:ICPBQ) 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.

Inscape's Days Inventory for the three months ended in Oct. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2022 )	/	Cost of Goods Sold (Q: Oct. 2022 )	*	Days in Period
	=	4.115	/	6.11	*	365 / 4
	=	61.46

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.

Inscape's Inventory to Revenue for the quarter that ended in Oct. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2022 )	/	Revenue (Q: Oct. 2022 )
	=	4.115	/	6.065
	=	0.68

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.

Inscape Inventory Turnover Related Terms

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Inscape (Inscape) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Inscape Corp (GREY:ICPBQ) » Definitions » Inventory Turnover

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Address

67 Toll Road, Holland Landing, ON, CAN, L9N 1H2

Website

https://www.myinscape.com

Inscape Corp is an office furniture manufacturer. Its operating segment includes Furniture and Walls. The furniture segment includes storage, benching, systems, and seating solutions. The Walls segment includes architectural and movable walls. It generates maximum revenue from the Furniture segment. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada. It provides services to small and large organizations.