Parx Materials NV (XPAR:MLPRX) Inventory Turnover : 1.18 (As of Dec. 2022)

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What is Parx Materials NV 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. Parx Materials NV's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.08 Mil. Parx Materials NV's Average Total Inventories for the quarter that ended in Dec. 2022 was €0.07 Mil. Parx Materials NV's Inventory Turnover for the quarter that ended in Dec. 2022 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Parx Materials NV's Days Inventory for the six months ended in Dec. 2022 was 154.06.

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. Parx Materials NV's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.51.

Parx Materials NV Inventory Turnover Historical Data

The historical data trend for Parx Materials NV'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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Parx Materials NV Inventory Turnover Chart

Parx Materials NV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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6.65

0.21

0.83

1.96

1.18

Parx Materials NV Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Inventory Turnover	Get a 7-Day Free Trial			6.65	0.21	0.83	1.96	1.18

Parx Materials NV Inventory Turnover Calculation

Parx Materials NV'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 )
=	0.077	/ (	(0.066	+	0.064)	/	2 )
=	0.077	/	0.065
=	1.18

Parx Materials NV's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	0.077	/ (	(0.066	+	0.064)	/	2 )
=	0.077	/	0.065
=	1.18

Parx Materials NV (XPAR:MLPRX) 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.

Parx Materials NV's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.065	/	0.077	*	365 / 2
	=	154.06

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.

Parx Materials NV's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.065	/	0.128
	=	0.51

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.

Parx Materials NV Inventory Turnover Related Terms

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Parx Materials NV (XPAR:MLPRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Parx Materials NV (XPAR:MLPRX) » Definitions » Inventory Turnover

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N/A

Address

Goudsesingel 96 (Unit 1.7), Rotterdam, NLD, 3011 KD

Website

https://www.parxmaterials.com

Parx Materials NV is a holding company. It is engaged in developing, manufacturing, and marketing biocompatible plastics and antibacterial polymers. The company through its patented process is integrating it in plastics improving the material's characteristics to protect the surface from bacteria, molds, and fungi. Its technology does not impact any of the original features of the material and the antibacterial property lasts a lifetime. The company's technology can be used for roughly any application, for example for toilet seats, mobile phones, light switches, hospital beds, medical devices, remote controls, door handles, refrigerators, and packaging materials.

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