George Risk Industries (George Risk Industries) Inventory Turnover : 0.22 (As of Jan. 2024)

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What is George Risk Industries 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. George Risk Industries's Cost of Goods Sold for the three months ended in Jan. 2024 was $2.73 Mil. George Risk Industries's Average Total Inventories for the quarter that ended in Jan. 2024 was $12.35 Mil. George Risk Industries's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. George Risk Industries's Days Inventory for the three months ended in Jan. 2024 was 412.13.

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. George Risk Industries's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 2.29.

George Risk Industries Inventory Turnover Historical Data

The historical data trend for George Risk Industries'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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George Risk Industries Inventory Turnover Chart

George Risk Industries Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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1.87

1.53

1.71

1.58

1.09

George Risk Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.25	0.23	0.21	0.24	0.22

George Risk Industries Inventory Turnover Calculation

George Risk Industries's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	10.605	/ (	(7.94	+	11.443)	/	2 )
=	10.605	/	9.6915
=	1.09

George Risk Industries's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2.734	/ (	(12.608	+	12.088)	/	2 )
=	2.734	/	12.348
=	0.22

George Risk Industries (OTCPK:RSKIA) 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.

George Risk Industries's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	12.348	/	2.734	*	365 / 4
	=	412.13

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.

George Risk Industries's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	12.348	/	5.394
	=	2.29

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.

George Risk Industries Inventory Turnover Related Terms

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George Risk Industries (George Risk Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » George Risk Industries Inc (OTCPK:RSKIA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

802 South Elm Street, Kimball, NE, USA, 69145

Website

https://www.grisk.com

George Risk Industries Inc manufactures security products. The company is engaged in the designing, manufacturing, and sale of various products which include magnetic reed switches as well as keyboards and keyboard switches, proximity sensors, security alarm components, pool access alarms, liquid detection sensors, raceway wire covers, wire, and cable installation tools and various other sensors and devices. These security products are used in alarm system installations in the residential, commercial, industrial, and government sectors and generate maximum revenue for the company.

Executives

Bonita Risk Family Irrevocable Trust	10 percent owner	705 JEFFERSON ST., KIMBALL NE 69145
Kenneth R. Risk Revocable Trust Now Irrevocable	10 percent owner	214 W. 9TH ST., KIMBALL NE 69145
Bonita Pauline Risk	director	802 S. ELM ST., KIMBALL NE 69145
Stephanie Maire Risk-mcelroy	officer: Chief Financial Officer	802 S. ELM ST., KIMBALL NE 69145
Sharon Alberta Westby	officer: Secretary	802 S. ELM ST., KIMBALL NE 69145
Donna Dean Debowey	director	802 S. ELM ST., KIMBALL NE 69145
Daniel Roger Douglas	officer: Vice President, Materials	802 S. ELM ST., KIMBALL NE 69145