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Naples Soap Co (Naples Soap Co) Inventory Turnover : 2.20 (As of Jun. 2023)


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What is Naples Soap Co 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. Naples Soap Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $1.60 Mil. Naples Soap Co's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.73 Mil. Naples Soap Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Naples Soap Co's Days Inventory for the six months ended in Jun. 2023 was 83.14.

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. Naples Soap Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.13.

Naples Soap Co Inventory Turnover Historical Data

The historical data trend for Naples Soap Co'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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Naples Soap Co Inventory Turnover Chart

Naples Soap Co Annual Data
Trend
Inventory Turnover

Naples Soap Co Semi-Annual Data
Jun22 Jun23
Inventory Turnover - 2.20

Naples Soap Co Inventory Turnover Calculation

Naples Soap Co's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

Inventory Turnover (A: . 20 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: . 20 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

Naples Soap Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=1.598 / ((0 + 0.728) / 1 )
=1.598 / 0.728
=2.20

* 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.

Naples Soap Co  (OTCPK:NASO) 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.

Naples Soap Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.728/1.598*365 / 2
=83.14

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.

Naples Soap Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.728 / 5.618
=0.13

* 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

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.

Naples Soap Co Inventory Turnover Related Terms

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Naples Soap Co (Naples Soap Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naples Soap Co Inc (OTCPK:NASO) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
14601 Jetport Loop, Suite 180, Fort Myers, FL, USA, 33913
Website
https://www.naplessoap.com
Naples Soap Co Inc is a health and wellness brand that offers personal care products including soap, hair, face, and skincare products through its own brick and mortar retail stores and website, national and boutique re-sellers, and online marketplaces including Amazon and Faire.

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