Petrone Worldwide (Petrone Worldwide) Inventory Turnover : 0.64 (As of Sep. 2017)

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What is Petrone Worldwide 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. Petrone Worldwide's Cost of Goods Sold for the three months ended in Sep. 2017 was $0.05 Mil. Petrone Worldwide's Average Total Inventories for the quarter that ended in Sep. 2017 was $0.08 Mil. Petrone Worldwide's Inventory Turnover for the quarter that ended in Sep. 2017 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petrone Worldwide's Days Inventory for the three months ended in Sep. 2017 was 142.90.

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. Petrone Worldwide's Inventory-to-Revenue for the quarter that ended in Sep. 2017 was 2.96.

Petrone Worldwide Inventory Turnover Historical Data

The historical data trend for Petrone Worldwide'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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Petrone Worldwide Inventory Turnover Chart

Petrone Worldwide Annual Data

Trend

Dec99

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

Petrone Worldwide Quarterly Data
	Mar00	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Inventory Turnover	Get a 7-Day Free Trial													-	-	6.66	5.08	0.64

Petrone Worldwide Inventory Turnover Calculation

Petrone Worldwide's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	0.282	/ (	(0	+	0)	/	1 )
=	0.282	/	0
=	N/A

Petrone Worldwide's Inventory Turnover for the quarter that ended in Sep. 2017 is calculated as

	Inventory Turnover (Q: Sep. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2017 )	/ (	(Total Inventories (Q: Jun. 2017 )	+	Total Inventories (Q: Sep. 2017 ))	/	count )
=	0.053	/ (	(0.013	+	0.153)	/	2 )
=	0.053	/	0.083
=	0.64

Petrone Worldwide (OTCPK:PFWIQ) 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.

Petrone Worldwide's Days Inventory for the three months ended in Sep. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2017 )	/	Cost of Goods Sold (Q: Sep. 2017 )	*	Days in Period
	=	0.083	/	0.053	*	365 / 4
	=	142.90

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.

Petrone Worldwide's Inventory to Revenue for the quarter that ended in Sep. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2017 )	/	Revenue (Q: Sep. 2017 )
	=	0.083	/	0.028
	=	2.96

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.

Petrone Worldwide Inventory Turnover Related Terms

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Petrone Worldwide (Petrone Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Petrone Worldwide Inc (OTCPK:PFWIQ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2200 N. Commerce Parkway, Weston, FL, USA, 33326

Website

http://www.petroneworldwide.com

Petrone Worldwide Inc is an importer, exporter, and distributor of commercial grade tableware, kitchenware products, decorative hotel guest room amenities, lavatory and bathroom fixtures and furniture, food and beverage service items and trendy accessories for the Asian and European marketplaces. It markets and sells its products under Petrone, Front of the house and Room 360 brand names. The firm has Products and Logistics services operating segments. It derives the majority of its revenues from Product segment.

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