Electra Consumer Products (XTAE:ECP) Inventory Turnover : 1.29 (As of Sep. 2024)

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What is Electra Consumer Products 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. Electra Consumer Products's Cost of Goods Sold for the three months ended in Sep. 2024 was ₪1,399 Mil. Electra Consumer Products's Average Total Inventories for the quarter that ended in Sep. 2024 was ₪1,082 Mil. Electra Consumer Products's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electra Consumer Products's Days Inventory for the three months ended in Sep. 2024 was 70.55.

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. Electra Consumer Products's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.55.

Electra Consumer Products Inventory Turnover Historical Data

The historical data trend for Electra Consumer Products'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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Electra Consumer Products Inventory Turnover Chart

Electra Consumer Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.41

4.62

5.11

5.29

5.30

Electra Consumer Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.23	1.24	1.22	1.12	1.29

Electra Consumer Products Inventory Turnover Calculation

Electra Consumer Products'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 )
=	4669.738	/ (	(792.103	+	969.275)	/	2 )
=	4669.738	/	880.689
=	5.30

Electra Consumer Products's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1399.263	/ (	(1147.64	+	1016.054)	/	2 )
=	1399.263	/	1081.847
=	1.29

Electra Consumer Products (XTAE:ECP) 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.

Electra Consumer Products's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1081.847	/	1399.263	*	365 / 4
	=	70.55

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.

Electra Consumer Products's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1081.847	/	1978.511
	=	0.55

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.

Electra Consumer Products Inventory Turnover Related Terms

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Electra Consumer Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electra Consumer Products Ltd (XTAE:ECP) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 Sapir Street, New Industrial Zone, Rishon Lezion, ISR, 75704

Website

http://www.electra-consumer.co.il

Electra Consumer Products Ltd engages in the field of household electrical appliances, air conditioning, and communications. The group operates in three fields of operations of which the First field is importing, manufacturing, exporting, marketing, sale, and distribution of electrical consumer products as well as the provision of services for products; the Second field consists of the operation of retail marketing chains for the sale of electrical consumer products in Israel and the Third field includes the operation of "Do It Yourself" chains - retail chains specializing in the provision of home design and maintenance solutions and in the field of products for motor vehicles field. Geographically, the firm is Israel based and it derives revenue from sales and the provision of services.

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