Salem Media Group (Salem Media Group) Inventory Turnover : 42.07 (As of Sep. 2023)

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What is Salem Media Group 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. Salem Media Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $56.6 Mil. Salem Media Group's Average Total Inventories for the quarter that ended in Sep. 2023 was $1.3 Mil. Salem Media Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 42.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Salem Media Group's Days Inventory for the three months ended in Sep. 2023 was 2.17.

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. Salem Media Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Salem Media Group Inventory Turnover Historical Data

The historical data trend for Salem Media Group'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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Salem Media Group Inventory Turnover Chart

Salem Media Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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290.41

290.66

321.15

278.68

177.83

Salem Media Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															37.56	38.74	35.50	38.84	42.07

Salem Media Group Inventory Turnover Calculation

Salem Media Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	219.884	/ (	(0.96	+	1.513)	/	2 )
=	219.884	/	1.2365
=	177.83

Salem Media Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	56.606	/ (	(1.308	+	1.383)	/	2 )
=	56.606	/	1.3455
=	42.07

Salem Media Group (OTCPK:SALM) 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.

Salem Media Group's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.3455	/	56.606	*	365 / 4
	=	2.17

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.

Salem Media Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.3455	/	63.497
	=	0.02

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.

Salem Media Group Inventory Turnover Related Terms

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Salem Media Group (Salem Media Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Salem Media Group Inc (OTCPK:SALM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

YSLA:Germany

Address

6400 North Belt Line Road, Irving, TX, USA, 75063

Website

http://www.salemmedia.com

Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web.

Executives

Jacki L Pick	director	6400 N BELT LINE ROAD, IRVING TX 75063
Eugene Allen Power	officer: President Broadcast Media	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Epperson 2022 Gst Trust	10 percent owner	3780 WILL SCARLET ROAD, WINSTON SALEM NC 27104
Epperson Stuart W. Jr.	director, 10 percent owner	4880 SANTA ROSA RD., CAMARILLO CA 93012
Stuart W Epperson	10 percent owner	3780 WILL SCARLET RD, WINSTON SALEM NC 27104
Evan D Masyr	officer: V.P. and Corporate Controller	4880 SANTA ROSA ROAD, STE 300, CAMARILLO CA 93012
David P Santrella	officer: President - Broadcast Media	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Christopher J Henderson	officer: SVP, General Counsel & Secy	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
David Evans	officer: Senior Vice President and CFO	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Atsinger Edward G Iii	director, 10 percent owner, officer: CEO and President	4880 SANTA ROSA RD, CAMARILLO CA 93012
Heather W Grizzle	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93010
James Keet Lewis	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Edward C. Atsinger	director	6400 NORTH BELT LINE ROAD, IRVING TX 75063
Jonathan Venverloh	director	4880 SANTA ROSA ROAD, CAMARILLO CA 93012
Eric H Halvorson	director	4880 SANTA ROSA RD, CAMARILLO CA 93012