Flowserve (Flowserve) Inventory Turnover : 0.92 (As of Dec. 2023)

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What is Flowserve 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. Flowserve's Cost of Goods Sold for the three months ended in Dec. 2023 was $826 Mil. Flowserve's Average Total Inventories for the quarter that ended in Dec. 2023 was $898 Mil. Flowserve's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flowserve's Days Inventory for the three months ended in Dec. 2023 was 99.25.

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

Flowserve Inventory Turnover Historical Data

The historical data trend for Flowserve'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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Flowserve Inventory Turnover Chart

Flowserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.09

3.93

3.70

3.54

3.62

Flowserve 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															0.94	0.81	0.84	0.85	0.92

Flowserve Inventory Turnover Calculation

Flowserve'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 )
=	3043.749	/ (	(803.198	+	879.937)	/	2 )
=	3043.749	/	841.5675
=	3.62

Flowserve'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 )
=	825.635	/ (	(916.107	+	879.937)	/	2 )
=	825.635	/	898.022
=	0.92

Flowserve (NYSE:FLS) 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.

Flowserve'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
	=	898.022	/	825.635	*	365 / 4
	=	99.25

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.

Flowserve'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 )
	=	898.022	/	1165.178
	=	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.

Flowserve Inventory Turnover Related Terms

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Flowserve (Flowserve) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flowserve Corp (NYSE:FLS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FWV:Germany FWV:Germany

Address

5215 North O’Connor Boulevard, Suite 700, Irving, TX, USA, 75039

Website

https://www.flowserve.com

Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several global industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a worldwide network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, advanced diagnostics, repair, and retrofitting. Sales are roughly split across many global regions, with North America and Europe contributing the majority of total revenue.

Executives

Thomas B Okray	director	5008 AIRPORT ROAD NW, ROANOKE VA 24012
Kenneth I Siegel	director	667 MADISON AVENUE, NEW YORK NY 10065
Susan Claire Hudson	officer: Chief Legal Officer	5215 N O CONNOR BLVD, # 700, IRVING TX 75039
Lamar L. Duhon	officer: President, AMSS	5215 N. O'CONNOR BLVD., SUITE 700, IRVING TX 75039
Kirk Wilson	officer: President, AMSS	5215 NORTH O'CONNOR BLVD #2300, IRVING TX 75039
Tamara Morytko	officer: President, FPD	1250 NE LOOP 410, SUITE 1000, SAN ANTONIO TX 78209
Carlyn R. Taylor	director	5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039
Scott K Vopni	officer: Chief Accounting Officer	2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Sanjay Chowbey	officer: President, AMSS	525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219
Amy B Schwetz	officer: Chief Financial Officer	701 MARKET STREET, ST. LOUIS MO 63101
Sujeet Chand	director	ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Lanesha Minnix	officer: SVP, Chief Legal Officer	TWO LAKESIDE COMMONS, BUILDING TWO, 980 HAMMOND DRIVE, SUITE 500, ATLANTA GA 30328
John Lenander	officer: President, FCO	5215 NORTH O'CONNOR BLVD SUITE 2300, IRVING TX 75039
Michael C. Mcmurray	director	C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Garrison John L Jr	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880