XPEL (XPEL) Inventory Turnover : 0.48 (As of Mar. 2024)

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What is XPEL 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. XPEL's Cost of Goods Sold for the three months ended in Mar. 2024 was $52.2 Mil. XPEL's Average Total Inventories for the quarter that ended in Mar. 2024 was $108.3 Mil. XPEL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. XPEL's Days Inventory for the three months ended in Mar. 2024 was 189.29.

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. XPEL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.20.

XPEL Inventory Turnover Historical Data

The historical data trend for XPEL'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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XPEL Inventory Turnover Chart

XPEL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.66

5.59

4.48

2.97

2.50

XPEL 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															0.60	0.70	0.70	0.65	0.48

XPEL Inventory Turnover Calculation

XPEL'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 )
=	233.879	/ (	(80.575	+	106.509)	/	2 )
=	233.879	/	93.542
=	2.50

XPEL'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 )
=	52.228	/ (	(106.509	+	110.171)	/	2 )
=	52.228	/	108.34
=	0.48

XPEL (NAS:XPEL) 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.

XPEL'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
	=	108.34	/	52.228	*	365 / 4
	=	189.29

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.

XPEL'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 )
	=	108.34	/	90.104
	=	1.20

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.

XPEL Inventory Turnover Related Terms

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XPEL (XPEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » XPEL Inc (NAS:XPEL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

XPX:Germany

Address

711 Broadway, Suite 320, San Antonio, TX, USA, 78215

Website

https://www.xpel.com

XPEL Inc is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and commercial/residential window films, and ceramic coatings. The company has a network of trained installers and proprietary DAP software, dedicated to exceeding customer expectations by providing quality products, customer service, technical support, and world-class training.

Executives

Ryan Pape	director, officer: President and CEO	618 W SUNSET ROAD, SAN ANTONIO TX 78216
John F North	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Mathieu Moreau	officer: Senior VP, Sales and Product	10 INWOOD CANYON DRIVE, SAN ANTONIO TX 78248
Barry Wood	officer: Senior Vice President/CFO	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Richard K. Crumly	director, 10 percent owner	P.O. BOX 460633, SAN ANTONIO TX 78246-0633
Mark Adams	director, 10 percent owner	12130 HIGHWAY 3, BUILDING 1, WEBSTER TX 77598
Mike Klonne	director	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Babatunde Awodiran	officer: SVP, Gen. Counsel, & Secretary	711 BROADWAY ST., SUITE 320, SAN ANTONIO TX 78215
Stacy L Bogart	director	13200 PIONEER TRAIL, EDEN PRAIRIE MN 55347
John Constantine	director	618 W. SUNSET ROAD, SAN ANTONIO TX 78216
Brooks Meltzer	officer: VP, General Counsel, Secretary	13 CAMDEN OAKS, SAN ANTONIO TX 78248