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Sacks Parente Golf (Sacks Parente Golf) Inventory Turnover : 0.49 (As of Mar. 2024)


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What is Sacks Parente Golf 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. Sacks Parente Golf's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.14 Mil. Sacks Parente Golf's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.29 Mil. Sacks Parente Golf's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.49.

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 three months ended in Mar. 2024 was 185.03.

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 quarter that ended in Mar. 2024 was 0.83.

Sacks Parente Golf Inventory Turnover Historical Data

The historical data trend for Sacks Parente Golf'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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Sacks Parente Golf Inventory Turnover Chart

Sacks Parente Golf Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
0.45 1.71 1.18 1.16

Sacks Parente Golf Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.34 0.43 0.45 0.49

Sacks Parente Golf Inventory Turnover Calculation

Sacks Parente Golf'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 )
=0.227 / ((0.142 + 0.248) / 2 )
=0.227 / 0.195
=1.16

Sacks Parente Golf'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 )
=0.144 / ((0.248 + 0.336) / 2 )
=0.144 / 0.292
=0.49

* 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) 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.

Sacks Parente Golf'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
=0.292/0.144*365 / 4
=185.03

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0.292 / 0.35
=0.83

* 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.

Sacks Parente Golf Inventory Turnover Related Terms

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Sacks Parente Golf (Sacks Parente Golf) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sacks Parente Golf Inc (NAS:SPGC) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Website
https://www.sacksparente.com
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