Polar Power (Polar Power) Change In Inventory : $0.20 Mil (TTM As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Polar Power Change In Inventory?

Polar Power's change in inventory for the quarter that ended in Mar. 2024 was $0.30 Mil. It means Polar Power's inventory declined by $0.30 Mil from Dec. 2023 to Mar. 2024 .

Polar Power's change in inventory for the fiscal year that ended in Dec. 2023 was $-1.51 Mil. It means Polar Power's inventory increased by $1.51 Mil from Dec. 2022 to Dec. 2023 .

Polar Power's Total Inventories for the quarter that ended in Mar. 2024 was $16.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polar Power's Days Inventory for the quarter that ended in Mar. 2024 was 686.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Polar Power's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.13.

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. Polar Power's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 9.22.

Polar Power Change In Inventory Historical Data

The historical data trend for Polar Power's Change In Inventory 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.

* Premium members only.

Polar Power Change In Inventory Chart

Polar Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

-5.71

1.42

0.08

-6.44

-1.51

Polar Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-1.42	-0.81	-1.47	2.18	0.30

Polar Power Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.20 Mil.

Polar Power (NAS:POLA) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Polar Power's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	16.3715	/	2.177	*	365 / 4
	=	686.22

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Polar Power's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.177	/	16.3715
	=	0.13

3. 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.

Polar Power's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.3715	/	1.775
	=	9.22

Polar Power Change In Inventory Related Terms

Thank you for viewing the detailed overview of Polar Power's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Polar Power (Polar Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polar Power Inc (NAS:POLA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

PPW:Germany

Address

249 East Gardena Boulevard, Gardena, CA, USA, 90248

Website

https://www.polarpower.com

Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

Executives

Keith Albrecht	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Arthur D. Sams	director, 10 percent owner, officer: President, CEO, Secretary	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Rajesh Masina	officer: Chief Operating Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Luis Zavala	officer: Chief Financial Officer	249 E. GARDENA BOULEVARD, GARDENA CA 90248
Peter Gross	director	249 E. GARDENA BLVD., GARDENA CA 90248
Matthew Goldman	director	249 E. GARDENA BOULEVARD, GARDENA CA 90248