GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Precision Auto Care Inc (OTCPK:PACI) » Definitions » Inventory Turnover

Precision Auto Care (Precision Auto Care) Inventory Turnover : 4.51 (As of Mar. 2017)


View and export this data going back to 1997. Start your Free Trial

What is Precision Auto Care 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. Precision Auto Care's Cost of Goods Sold for the three months ended in Mar. 2017 was $6.16 Mil. Precision Auto Care's Average Total Inventories for the quarter that ended in Mar. 2017 was $1.37 Mil. Precision Auto Care's Inventory Turnover for the quarter that ended in Mar. 2017 was 4.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Precision Auto Care's Days Inventory for the three months ended in Mar. 2017 was 20.25.

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. Precision Auto Care's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.18.

Precision Auto Care Inventory Turnover Historical Data

The historical data trend for Precision Auto Care'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.

* Premium members only.

Precision Auto Care Inventory Turnover Chart

Precision Auto Care Annual Data
Trend Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun14 Jun15 Jun16
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 23.68 25.02 23.12

Precision Auto Care Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.97 5.41 5.41 4.44 4.51

Precision Auto Care Inventory Turnover Calculation

Precision Auto Care's Inventory Turnover for the fiscal year that ended in Jun. 2016 is calculated as

Inventory Turnover (A: Jun. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2016 ) / ((Total Inventories (A: Jun. 2015 ) + Total Inventories (A: Jun. 2016 )) / count )
=21.964 / ((0.847 + 1.053) / 2 )
=21.964 / 0.95
=23.12

Precision Auto Care's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

Inventory Turnover (Q: Mar. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2017 ) / ((Total Inventories (Q: Dec. 2016 ) + Total Inventories (Q: Mar. 2017 )) / count )
=6.16 / ((1.57 + 1.164) / 2 )
=6.16 / 1.367
=4.51

* 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.

Precision Auto Care  (OTCPK:PACI) 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.

Precision Auto Care's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2017 )/Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=1.367/6.16*365 / 4
=20.25

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.

Precision Auto Care's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2017 ) / Revenue (Q: Mar. 2017 )
=1.367 / 7.612
=0.18

* 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.

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.

Precision Auto Care Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Precision Auto Care's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Precision Auto Care (Precision Auto Care) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Precision Auto Care Inc (OTCPK:PACI) » Definitions » Inventory Turnover
Comparable Companies
HKSE:08199 TSE:2424 OSTO:ATIC ASX:AHX TSE:7062 TSE:6186 TSE:6181 OHEL:FONDIA TSE:6060 TSE:4679 TSE:2300 TSE:7502 TSE:2417 TSE:9439 TSE:6574 TSE:2437 AMIH ASX:MFD HKSE:03997 STON
Traded in Other Exchanges
N/A
Address
Website
http://www.precisiontune.com
Precision Auto Care Inc provides automotive maintenance services. The company's operations include Precision Tune Auto Care, an international franchisor of automotive service centers; Precision Auto Wash, an operator and franchisor of self-service car wash centers; and Precision Lube Express, an operator and franchisor of oil change and lube centers. Precision Auto Care also distributes automotive parts, equipment, and supplies.