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Sacks Parente Golf (Sacks Parente Golf) Days Inventory : 185.03 (As of Mar. 2024)


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What is Sacks Parente Golf Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sacks Parente Golf's Average Total Inventories for the three months ended in Mar. 2024 was $0.29 Mil. Sacks Parente Golf's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.14 Mil. Hence, Sacks Parente Golf's Days Inventory for the three months ended in Mar. 2024 was 185.03.

The historical rank and industry rank for Sacks Parente Golf's Days Inventory or its related term are showing as below:

SPGC' s Days Inventory Range Over the Past 10 Years
Min: 210.91   Med: 311.07   Max: 819.02
Current: 210.91

During the past 4 years, Sacks Parente Golf's highest Days Inventory was 819.02. The lowest was 210.91. And the median was 311.07.

SPGC's Days Inventory is ranked worse than
85.86% of 672 companies
in the Travel & Leisure industry
Industry Median: 34.995 vs SPGC: 210.91

Sacks Parente Golf's Days Inventory declined from Mar. 2023 (235.07) to Mar. 2024 (185.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sacks Parente Golf's Inventory Turnover for the three months ended in Mar. 2024 was 0.49.

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. Sacks Parente Golf's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.83.


Sacks Parente Golf Days Inventory Historical Data

The historical data trend for Sacks Parente Golf's Days Inventory 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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Sacks Parente Golf Days Inventory Chart

Sacks Parente Golf Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
819.02 213.97 308.59 313.55

Sacks Parente Golf Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 235.07 270.90 211.83 202.61 185.03

Competitive Comparison of Sacks Parente Golf's Days Inventory

For the Leisure subindustry, Sacks Parente Golf's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sacks Parente Golf's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sacks Parente Golf's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sacks Parente Golf's Days Inventory falls into.



Sacks Parente Golf Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sacks Parente Golf's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.142 + 0.248) / 2 ) / 0.227*365
=0.195 / 0.227*365
=313.55

Sacks Parente Golf's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.248 + 0.336) / 2 ) / 0.144*365 / 4
=0.292 / 0.144*365 / 4
=185.03

* 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.


Sacks Parente Golf  (NAS:SPGC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Sacks Parente Golf's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Sacks Parente Golf's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Sacks Parente Golf Days Inventory Related Terms

Thank you for viewing the detailed overview of Sacks Parente Golf's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Sacks Parente Golf (Sacks Parente Golf) Business Description

Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Sacks Parente Golf Inc is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. It designs, manufactures, and sells technology-forward, golf equipment, which is comprised of putting instruments, golf shafts, golf grips, and related product groups. It designs its golf products to fit golfers of all skill levels, amateur and professional.
Executives
Brett Widney Hoge director 121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy officer: Chief Financial Officer 8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett director, officer: Chief Executive Officer
Michael Robert Ferris officer: See remarks 2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro director, officer: Chief Technology Officer 155 GILES ROAD, LAKE SHERWOOD CA 91361
Gregor Alasdair Campbell director 5460 LIVERPOOL CT, OAK PARK CA 91377
Dorothy Lynn Pepper director P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis officer: EVP Sales & Distribution 8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc. 10 percent owner 155 GILES ROAD,, LAKE SHERWOOD CA 91361