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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. Pure Cycle's Cost of Goods Sold for the three months ended in Feb. 2024 was $1.42 Mil. Pure Cycle's Average Total Inventories for the quarter that ended in Feb. 2024 was $2.80 Mil. Pure Cycle's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.51.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pure Cycle's Days Inventory for the three months ended in Feb. 2024 was 180.09.
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. Pure Cycle's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.88.
The historical data trend for Pure Cycle'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.
Pure Cycle Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 1.66 | 3.03 | 11.76 | 10.90 | - |
Pure Cycle Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | 3.06 | 2.24 | 0.94 | 0.51 |
Pure Cycle's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as
Inventory Turnover (A: Aug. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Aug. 2023 ) | / ( | (Total Inventories (A: Aug. 2022 ) | + | Total Inventories (A: Aug. 2023 )) | / | count ) |
= | 6.546 | / ( | (0 | + | 0) | / | 1 ) |
= | 6.546 | / | 0 | ||||
= | N/A |
Pure Cycle's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as
Inventory Turnover (Q: Feb. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Feb. 2024 ) | / ( | (Total Inventories (Q: Nov. 2023 ) | + | Total Inventories (Q: Feb. 2024 )) | / | count ) |
= | 1.42 | / ( | (2.164 | + | 3.441) | / | 2 ) |
= | 1.42 | / | 2.8025 | ||||
= | 0.51 |
* 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.
Pure Cycle (NAS:PCYO) 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.
Pure Cycle's Days Inventory for the three months ended in Feb. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Feb. 2024 ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | 2.8025 | / | 1.42 | * | 365 / 4 | |
= | 180.09 |
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.
Pure Cycle's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Feb. 2024 ) | / | Revenue (Q: Feb. 2024 ) |
= | 2.8025 | / | 3.197 | |
= | 0.88 |
* 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.
Thank you for viewing the detailed overview of Pure Cycle's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark W Harding | director, officer: President and CFO | 8451 DELAWARE STREET, THORNTON CO 80260 |
Marc Stephen Spezialy | officer: Vice President and CFO | 34501 E. QUINCY AVE. BLDG 65, WATKINS CO 80137 |
Kevin Blain Mcneill | officer: Chief Financial Officer | 34501 E. QUINCY AVE, BLDG 34, WATKINS CO 80018 |
Plaisance Spv I, Llc | 10 percent owner | 250 FILLMORE, SUITE 525, DENVER CO 80206 |
Wanda J Abel | director | 34501 QUINCY AVENUE BLDG. 34, WATKINS CO 80109 |
Fendel Frederick A. Iii | director | C/O PURE CYCLE CORP., 34501 E. QUINCY AVE., BLDG. 34, WATKINS CO 80137 |
Plaisance Capital Llc | 10 percent owner | 250 FILLMORE, SUITE 525, DENVER CO 80206 |
Patrick Beirne | director | 8 VIKING DR, ENGLEWOOD CO 80113 |
Jeffrey G Sheets | director | 5291 E. YALE AVE., DENVER CO 80222 |
Par Investment Partners Lp | 10 percent owner | 200 CLARENDON STREET, FL 48, BOSTON MA 02116 |
Daniel R Kozlowski | 10 percent owner | 250 FILLMORE, SUITE 525, DENVER CO 80206 |
Par Capital Management Inc | 10 percent owner | 200 CLARENDON STREET, FL 48, BOSTON MA 02116 |
Par Group Ii, L.p. | 10 percent owner | 200 CLARENDON STREET, 48TH FLOOR, BOSTON MA 02116 |
Epker Arthur G Iii | director | C/O PURE CYCLE CORPORATION, 8451 DELAWARE ST., THORNTON CO 80260 |
Harrison E Augur | director | PO BOX 4389, ASPEN CO 81611 |
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