Electro-Sensors (Electro-Sensors) Inventory Turnover : 0.64 (As of Dec. 2023)

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What is Electro-Sensors 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. Electro-Sensors's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.15 Mil. Electro-Sensors's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.79 Mil. Electro-Sensors's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Electro-Sensors's Days Inventory for the three months ended in Dec. 2023 was 141.82.

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. Electro-Sensors's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

Electro-Sensors Inventory Turnover Historical Data

The historical data trend for Electro-Sensors'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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Electro-Sensors Inventory Turnover Chart

Electro-Sensors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.35

2.26

2.43

2.46

2.47

Electro-Sensors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.58	0.58	0.57	0.64

Electro-Sensors Inventory Turnover Calculation

Electro-Sensors'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 )
=	4.31	/ (	(1.745	+	1.751)	/	2 )
=	4.31	/	1.748
=	2.47

Electro-Sensors's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.154	/ (	(1.836	+	1.751)	/	2 )
=	1.154	/	1.7935
=	0.64

Electro-Sensors (NAS:ELSE) 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.

Electro-Sensors's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.7935	/	1.154	*	365 / 4
	=	141.82

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.

Electro-Sensors's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.7935	/	2.316
	=	0.77

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.

Electro-Sensors Inventory Turnover Related Terms

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Electro-Sensors (Electro-Sensors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Electro-Sensors Inc (NAS:ELSE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

6111 Blue Circle Drive, Minnetonka, MN, USA, 55343-9108

Website

https://www.electro-sensors.com

Electro-Sensors Inc is engaged in manufacturing and selling a variety of monitoring systems that measure actual machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. Its speed monitoring systems compare revolutions per minute or speed against acceptable rates as determined by a customer. It also includes a line of products that measure production counts or rates, such as parts, gallons, or board feet, alarm systems, tachometers, and other devices that translate impulses from the sensors into alarm signals, computer inputs, or digital displays that are usable by the customer.

Executives

Patricia Nancy Peterson	10 percent owner	6005 ERIN TERRACE, EDINA MN 55439
Paul Rodney Peterson	10 percent owner	227 CEDAR DRIVE WEST, HUDSON WI 54016
John Eberhart Peterson	10 percent owner	815 BUTTONBUSH LANE, NAPLES FL 34108
Michael C. Zipoy	director	6111 BLUE CIRCLE DR, MINNETONKA MN 55343
Lynne Elizabeth Peterson	10 percent owner	10254 NOTTINGHAM TRAIL, EDEN PRAIRIE MN 55347
Estate Of Nancy P. Peterson	10 percent owner	C/O 15708 WOODKNOLL LANE, MINNETONKA MN 55345
Michael Hochman	officer: VP of Casino Card Operations	1100 CANTERBURY ROAD, SHAKOPEE MN 55379
Nancy P. Peterson	10 percent owner	905 MAIN STREET, HOPKINS MN 55343
Nicholas John Swenson	10 percent owner	5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Scott A. Gabbard	director	6111 BLUE CIRCLE DRIVE, MINNETONKA MN 55343
David L Klenk	director	6111 BLUE CIRCLE DRIVE, MINNETONKA MN 55343
Robert W Heller	director	10992 MOUNT CURVE ROAD, EDEN PRAIRIE MN 55347
Jeffrey Dean Peterson	director	15708 WOODKNOLL LANE, MINNETONKA MN 55345
Geoffrey W Miller	director	12735 42ND PLACE N, PLAYMOUTH MN 55442-2350
John S Strom	director