PV Nano Cell (PV Nano Cell) Inventory Turnover : 8.10 (As of Dec. 2023)

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What is PV Nano Cell 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. PV Nano Cell's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.33 Mil. PV Nano Cell's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.04 Mil. PV Nano Cell's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PV Nano Cell's Days Inventory for the six months ended in Dec. 2023 was 22.54.

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. PV Nano Cell's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

PV Nano Cell Inventory Turnover Historical Data

The historical data trend for PV Nano Cell'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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PV Nano Cell Inventory Turnover Chart

PV Nano Cell Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.53

7.83

9.16

15.03

8.10

PV Nano Cell Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial						8.53	7.83	9.16	15.03	8.10

PV Nano Cell Inventory Turnover Calculation

PV Nano Cell's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	0.332	/ (	(0.039	+	0.043)	/	2 )
=	0.332	/	0.041
=	8.10

PV Nano Cell'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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.332	/ (	(0.039	+	0.043)	/	2 )
=	0.332	/	0.041
=	8.10

PV Nano Cell (OTCPK:PVNNF) 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.

PV Nano Cell'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
	=	0.041	/	0.332	*	365 / 2
	=	22.54

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.

PV Nano Cell'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 )
	=	0.041	/	0.479
	=	0.09

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.

PV Nano Cell Inventory Turnover Related Terms

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PV Nano Cell (PV Nano Cell) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PV Nano Cell Ltd (OTCPK:PVNNF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hamasger Street, P.O. Box 236, Migdal HaEmek, ISR, 2310102

Website

https://www.pvnanocell.com

PV Nano Cell Ltd is a conductive ink manufacturing company. It is engaged in developing, manufacturing, marketing & commercializing conductive inks for digital inkjet conductive printing applications. It develops the Sicrys family of single crystal nano-metric conductive inks for photovoltaic and printed electronics applications, as well as silver-based Sicrys inks for use in a range of inkjet printing electronics applications, including printing of circuit boards, mobile phone antennas, 3D printed electronic devices, radio-frequency identification chips, sensors, touchscreens, and other digitally printed electronics. Geographically, it operates in Israel, Germany, France, Holland, Austria, U.S and other.

Executives

De La Vega Fernando

director, officer: CEO

BIALIK 7, ZICHRON YACOV L3 309035