Propel Funeral Partners (Propel Funeral Partners) Inventory Turnover : 5.85 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Propel Funeral Partners 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. Propel Funeral Partners's Cost of Goods Sold for the six months ended in Dec. 2023 was $21.1 Mil. Propel Funeral Partners's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.6 Mil. Propel Funeral Partners's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Propel Funeral Partners's Days Inventory for the six months ended in Dec. 2023 was 31.22.

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. Propel Funeral Partners's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Propel Funeral Partners Inventory Turnover Historical Data

The historical data trend for Propel Funeral Partners'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.

Propel Funeral Partners Inventory Turnover Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

8.43

7.89

8.20

9.52

10.94

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								4.27	5.32	5.61	5.35	5.85

Propel Funeral Partners Inventory Turnover Calculation

Propel Funeral Partners's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	33.845	/ (	(2.949	+	3.238)	/	2 )
=	33.845	/	3.0935
=	10.94

Propel Funeral Partners's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	21.08	/ (	(3.238	+	3.975)	/	2 )
=	21.08	/	3.6065
=	5.85

Propel Funeral Partners (OTCPK:PFPLF) 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.

Propel Funeral Partners's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3.6065	/	21.08	*	365 / 2
	=	31.22

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.

Propel Funeral Partners's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.6065	/	68.708
	=	0.05

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.

Propel Funeral Partners Inventory Turnover Related Terms

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

Propel Funeral Partners (Propel Funeral Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Propel Funeral Partners Ltd (OTCPK:PFPLF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PFP:Australia

Address

135 King Street, Level 18.03, Sydney, NSW, AUS, 2000

Website

https://www.propelfuneralpartners.com.au

Propel Funeral Partners Ltd is an Australia-based company engaged in the provision of death care services. The company owns funeral homes, cremation facilities, cemeteries, and related infrastructure in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, Australian Capital Territory, and New Zealand. It offers a range of services and products across death care such as tailored to personal, religious, or ethnic preferences. The Group is organized into two geographic segments, Australian operations, and New Zealand operations, both of which operate in the death care-related services industry. The Group generates the majority of its revenue from the Australia operations.

Propel Funeral Partners (Propel Funeral Partners) Headlines

From GuruFocus

Half Year 2024 Propel Funeral Partners Ltd Earnings Call Transcript

By GuruFocus Research • 02-28-2024