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. PARTS iD's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $11.4 Mil. PARTS iD's Average Total Inventories for the quarter that ended in Sep. 2023 was $1.3 Mil.
PARTS iD's Inventory Turnover for the quarter that ended in Sep. 2023 was 8.78.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
PARTS iD's Days Inventory for the
three
months ended in Sep. 2023 was 10.40.
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.
PARTS iD's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.
PARTS iD Inventory Turnover Historical Data
The historical data trend for PARTS iD'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.
* 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.
PARTS iD (OTCPK:IDICQ) 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.
PARTS iD's Days Inventory for the
three
months ended in Sep. 2023 is calculated as:
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.
PARTS iD's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as
* 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.
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.
PARTS iD Inventory Turnover Related Terms
Thank you for viewing the detailed overview of PARTS iD's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
PARTS iD Inc is a technology-driven, digital commerce company focused on online retailer of automotive parts, components, and accessories. The product portfolio includes interior products, exterior products, wheels, body parts, audio & electronics, automotive tools, and other related products. The Company provides its product vendors with access to its customer base and e-commerce market.
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