PRCX (Phoenix Rising Co) Inventory Turnover: 0.60 (As of Sep. 2022)

What is Phoenix Rising Co Inventory Turnover?

Phoenix Rising Co PRCX -99.00% 12 Inventory Turnover is 0.60 as of Sep. 2022. GuruFocus rates PRCX with a GF Score™ of 12/100.

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. Phoenix Rising Co's Cost of Goods Sold for the three months ended in Sep. 2022 was $4.26 Mil. Phoenix Rising Co's Average Total Inventories for the quarter that ended in Sep. 2022 was $7.11 Mil. Phoenix Rising Co's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phoenix Rising Co's Days Inventory for the three months ended in Sep. 2022 was 152.32.

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. Phoenix Rising Co's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 1.66.

Phoenix Rising Co (OTCPK:PRCX) 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.

Phoenix Rising Co's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	7.1145	/	4.262	*	365 / 4
	=	152.32

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.

Phoenix Rising Co's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	7.1145	/	4.275
	=	1.66

* 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.

Phoenix Rising Co Inventory Turnover Related Terms

Phoenix Rising Co Inventory Turnover Historical Data

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The historical data trend for Phoenix Rising Co's Inventory Turnover can be seen below:

Phoenix Rising Co Inventory Turnover Chart

Phoenix Rising Co Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Dec20

Dec21

Inventory Turnover

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0.00

3.91

2.28

2.05

Phoenix Rising Co Quarterly Data
	Oct17	Jan18	Apr18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															0.33	0.22	0.99	0.43	0.60

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Phoenix Rising Co PRCX

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Phoenix Rising Co Inventory Turnover Calculation

Phoenix Rising Co'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 )
=	13.363	/ (	(5.31	+	7.734)	/	2 )
=	13.363	/	6.522
=	2.05

Phoenix Rising Co's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	4.262	/ (	(7.336	+	6.893)	/	2 )
=	4.262	/	7.1145
=	0.60

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.60 mean?

Phoenix Rising Co (PRCX) has a Inventory Turnover of 0.60 as of Sep. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Phoenix Rising Co and its competitors.

Is Phoenix Rising Co's Inventory Turnover too high?

Phoenix Rising Co's current Inventory Turnover is 0.60. Overall, Phoenix Rising Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Phoenix Rising Co's Inventory Turnover compare to FOMC and GLAE?

Phoenix Rising Co's Inventory Turnover of 0.60 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for an Asset Management company?

A good Inventory Turnover depends on the Asset Management industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Phoenix Rising Co and its competitors. Phoenix Rising Co's current Inventory Turnover is 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Phoenix Rising Co stock overvalued right now?

Phoenix Rising Co (PRCX) has a current Inventory Turnover of 0.60. The current Inventory Turnover is 0.60. Phoenix Rising Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Phoenix Rising Co (PRCX), the current Inventory Turnover is 0.60 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Phoenix Rising Co Business Description

Industry Financial Services Asset Management

Comparable Companies FOMC GLAE FXBY PHCF TLGN RCG SYTE JP BLK BX TSX:BAM.A OSTO:INVE A BK APO KKR AMP TROW XSWX:PGHN OSTO:EQT STT

Address 641 10th Street, Cedartown, GA, USA, 30125

Website https://www.phoenix-cos.com

Phoenix Rising Co makes investments and acquisitions into sound, transparent markets and industries throughout the world. The company is principally engaged in the trading of oil, gas and lubricant,.

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