Avalon Holdings (Avalon Holdings) Inventory Turnover : 8.97 (As of Mar. 2024)

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What is Avalon Holdings 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. Avalon Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $15.80 Mil. Avalon Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $1.76 Mil. Avalon Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Avalon Holdings's Days Inventory for the three months ended in Mar. 2024 was 10.18.

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. Avalon Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Avalon Holdings Inventory Turnover Historical Data

The historical data trend for Avalon Holdings'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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Avalon Holdings Inventory Turnover Chart

Avalon Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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68.92

54.57

56.41

52.39

42.74

Avalon Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															10.17	9.56	10.58	8.71	8.97

Avalon Holdings Inventory Turnover Calculation

Avalon Holdings'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 )
=	66.735	/ (	(1.461	+	1.662)	/	2 )
=	66.735	/	1.5615
=	42.74

Avalon Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	15.795	/ (	(1.662	+	1.861)	/	2 )
=	15.795	/	1.7615
=	8.97

Avalon Holdings (AMEX:AWX) 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.

Avalon Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.7615	/	15.795	*	365 / 4
	=	10.18

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.

Avalon Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.7615	/	18.858
	=	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.

Avalon Holdings Inventory Turnover Related Terms

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Avalon Holdings (Avalon Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Avalon Holdings Corp (AMEX:AWX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

One American Way, Warren, OH, USA, 44484-5555

Website

https://www.avalonholdings.com

Avalon Holdings Corp is a waste management company. The company provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets. It has two operating segments. The Waste management services segment which is the key revenue driver, includes waste disposal services, captive landfill operations, and saltwater injection well operations. Its Golf and related operations segment include management of golf courses and related clubhouses, a hotel, fitness centers, tennis courts, salon and spa services, dining, banquet and conference facilities and a travel agency.

Executives

Bryan Saksa	officer: CHIEF FINANCIAL OFFICER	ONE AMERICAN WAY, WARREN OH 44484
Christine Bell	officer: President	ONE AMERICAN WAY, WARREN OH 44484
Stephen L Gordon	director	41 WOODLAND PARK DRIVE, TENAFLY NJ 07670
Kenneth J Mcmahon	officer: See Remarks	ONE AMERICAN WAY, WARREN OH 44484
Kurtis Dean Gramley	director	1001 HIGHLAND ROAD, SHARON PA 16146
Mintbroker International, Ltd.	10 percent owner	ELIZABETH AVE. & BAY STREET, NASSAU C5 N-8340
David G Bozanich	director	7842 WALNUT STREET, YOUNGSTOWN OH 44512
Timothy C Coxson	officer: Chief Financial Officer	ONE AMERICAN WAY, WARREN OH 44484 5555
Robert Michael Arnoni	director	3757 LIBRARY ROAD, SUITE 250, PITTSBURGH PA 15234
Advisory Research Inc	10 percent owner	180 N. STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Advisory Research Microcap Value Fund, L.p.	10 percent owner	180 NORTH STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Lourde John Constable	10 percent owner	5 RADNOR CORP CENTER, 100 MATSONFORD ROAD SUITE 520, RADNOR PA 19087
Nalluri Anil Choudary Inc P/s Plan & Trust U/a/dtd 7/1/80	10 percent owner	5500 MARKET ST #128, C/O ANIL C NALLURI MD INC, YOUNGSTOWN OH 44512
Thomas C Kniss	director	ONE AMERICAN WAY, WARREN OH 44484