GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Provident Acquisition Corp (NAS:PAQC) » Definitions » Inventory Turnover

Provident Acquisition (Provident Acquisition) Inventory Turnover : 0.00 (As of Jun. 2022)


View and export this data going back to 2021. Start your Free Trial

What is Provident Acquisition 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. Provident Acquisition's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.00 Mil. Provident Acquisition's Average Total Inventories for the quarter that ended in Jun. 2022 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Provident Acquisition Inventory Turnover Historical Data

The historical data trend for Provident Acquisition'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.

Provident Acquisition Inventory Turnover Chart

Provident Acquisition Annual Data
Trend Dec20 Dec21
Inventory Turnover
- -

Provident Acquisition Quarterly Data
Oct20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Inventory Turnover Get a 7-Day Free Trial - - - - -

Provident Acquisition Inventory Turnover Calculation

Provident Acquisition's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

Provident Acquisition's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover (Q: Jun. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2022 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count )
=0 / ((0 + 0) / 1 )
=0 / 0
=N/A

* 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.

Provident Acquisition  (NAS:PAQC) 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.

Provident Acquisition's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2022 )/Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=0/0*365 / 4
=

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.

Provident Acquisition's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=0 / 0
=

* 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.

Provident Acquisition Inventory Turnover Related Terms

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

Provident Acquisition (Provident Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Provident Acquisition Corp (NAS:PAQC) » Definitions » Inventory Turnover
Comparable Companies
BLTS ARBG NOAC ASPC PTIC BHAC SCUA VII FVT BOAS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
142 - 146 Queen’s Road Central, Unit 11C/D, Kimley Commercial Building, Hong Kong, HKG
Website
Provident Acquisition Corp is a blank check company.
Executives
Kenneth W Hitchner director C/O SAPPHIRE QI LI, ONE EXCHANGE SQUARE, 8 CONNAUGHT PLACE SUITE 3508, CENTRAL K3 00000
Andrew Joseph Hoffmann director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Winato Kartono director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Beng Michael Aw Soon director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Williamson John Mackay Mcculloch director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Charles Mark Broadley director UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Provident Acquisition Holdings Ltd. director, 10 percent owner UNIT 11C/D, KIMLEY COMMERCIAL BUILDING, 142-146 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000