Propel Funeral Partners (Propel Funeral Partners) Total Inventories : $4.0 Mil (As of Dec. 2023)

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What is Propel Funeral Partners Total Inventories?

Propel Funeral Partners's total inventories for the quarter that ended in Dec. 2023 was $4.0 Mil. Propel Funeral Partners's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was $3.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Propel Funeral Partners's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.83.

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 Turnover measures how fast the company turns over its inventory within a year. Propel Funeral Partners's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.85.

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 Total Inventories Historical Data

The historical data trend for Propel Funeral Partners's Total Inventories 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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Propel Funeral Partners Total Inventories Chart

Propel Funeral Partners Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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2.55

2.92

3.36

2.95

3.24

Propel Funeral Partners Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial								3.18	2.95	3.11	3.24	3.98

Propel Funeral Partners Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Propel Funeral Partners (OTCPK:PFPLF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Propel Funeral Partners's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5.807	+	0.75 * 8.862	+	0.5 * 3.975	-	230.786
-	0	-	0)	/	118.299
=	-1.83

2. 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

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	21.08	/	3.6065
	=	5.85

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Propel Funeral Partners Total Inventories Related Terms

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Propel Funeral Partners (Propel Funeral Partners) Business Description

Industry

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

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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

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