P & F Industries (P & F Industries) Inventory Turnover : 0.46 (As of Sep. 2023)

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What is P & F Industries 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. P & F Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $9.51 Mil. P & F Industries's Average Total Inventories for the quarter that ended in Sep. 2023 was $20.81 Mil. P & F Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. P & F Industries's Days Inventory for the three months ended in Sep. 2023 was 199.62.

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. P & F Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.44.

P & F Industries Inventory Turnover Historical Data

The historical data trend for P & F Industries'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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P & F Industries Inventory Turnover Chart

P & F Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.08

1.74

1.69

1.71

1.65

P & F Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.36	0.42	0.46	0.46

P & F Industries Inventory Turnover Calculation

P & F Industries's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	40.102	/ (	(24.021	+	24.491)	/	2 )
=	40.102	/	24.256
=	1.65

P & F Industries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	9.511	/ (	(21.096	+	20.517)	/	2 )
=	9.511	/	20.8065
=	0.46

P & F Industries (NAS:PFIN) 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.

P & F Industries's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	20.8065	/	9.511	*	365 / 4
	=	199.62

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.

P & F Industries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	20.8065	/	14.404
	=	1.44

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.

P & F Industries Inventory Turnover Related Terms

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P & F Industries (P & F Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » P & F Industries Inc (NAS:PFIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

445 Broadhollow Road, Suite 100, Melville, NY, USA, 11747

Website

https://www.pfina.com

P & F Industries Inc is engaged in the manufacturing and importing of air-powered tools. It derives key revenue from marketing its air tool products to four primary sectors within the Florida pneumatic tool market; Automotive being the highest revenue generator, retail, industrial, and aerospace market. The company also designs, manufactures, and sells a range of industrial tools, systems, gearing, accessories and a wide variety of replacement parts under the brands ATP, OZAT, Thaxton, Quality Gear, and Numatx.

Executives

Diamond A Partners L P	10 percent owner	59 CARMELITA AVENUE, MILL VALLEY CA 94941
Lawndale Capital Management Llc	10 percent owner	591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Richard Randall	director	C/O STEVEN MADDEN, LTD., 52-16 BARNETT AVENUE, LONG ISLAND CITY NY 11104
Howard Brod Brownstein	director	441 EAST HECTOR STREET, SUITE 205, CONSHOHOCKEN PA 19428
Richard A Horowitz	director, 10 percent owner, officer: Principal Executive Officer	20596 LINKS CIRCLE, BOCA RATON FL 33434
Andrew E Shapiro	10 percent owner	591 REDWOOD HIGHWAY, SUITE 2345, MILL VALLEY CA 94941
Kenneth M Scheriff	director	2 JERICHO PLAZA, JERICHO NY 11753
Alan I Goldberg	director	111 PRESIDENTIAL BLVD, SUITE 101, BALA CYNWYD PA 19040
Robert M Steinberg	director	PARK AVENUE PLAZA, 55 EAST 52ND STREET, NEW YORK NY 10055
Article Fourth Trust U/w/o Linda Horowitz	10 percent owner	C/O RICHARD A. HOROWITZ, AS TRUSTEE, 90 WHEATLEY ROAD, OLD WESTBURY NY 11568
Dennis Kalick	director	80 CUTTERMILL ROAD, SUITE 401, GREAT NECK NY 11021
Robert Dubofsky	director	5 HARBOR WAY, KINGS POINT NY 11024
Sidney Horowitz	director	20596 LINKS CIRCLE, BOCA RATON FL 33434
Molino Joseph A Jr	officer: Vice President	300 SMITH STREET, FARMINGDALE NY 11735
Jeffrey D Franklin	director	ONE SEXTON ROAD, SOYOSSET NY 11791