Atlas Engineered Products (TSXV:AEP) Inventory Turnover : 1.66 (As of Sep. 2023)

View and export this data going back to 1989. Start your Free Trial

What is Atlas Engineered Products 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. Atlas Engineered Products's Cost of Goods Sold for the three months ended in Sep. 2023 was C$10.11 Mil. Atlas Engineered Products's Average Total Inventories for the quarter that ended in Sep. 2023 was C$6.07 Mil. Atlas Engineered Products's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atlas Engineered Products's Days Inventory for the three months ended in Sep. 2023 was 54.81.

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. Atlas Engineered Products's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.42.

Atlas Engineered Products Inventory Turnover Historical Data

The historical data trend for Atlas Engineered Products'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.

* Premium members only.

Atlas Engineered Products Inventory Turnover Chart

Atlas Engineered Products Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

May18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

6.47

16.40

13.83

13.81

10.56

Atlas Engineered Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.80	1.91	1.45	1.68	1.66

Atlas Engineered Products Inventory Turnover Calculation

Atlas Engineered Products's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	42.054	/ (	(3.37	+	4.592)	/	2 )
=	42.054	/	3.981
=	10.56

Atlas Engineered Products's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	10.112	/ (	(4.55	+	7.598)	/	2 )
=	10.112	/	6.074
=	1.66

Atlas Engineered Products (TSXV:AEP) 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.

Atlas Engineered Products's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	6.074	/	10.112	*	365 / 4
	=	54.81

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.

Atlas Engineered Products's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	6.074	/	14.37
	=	0.42

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.

Atlas Engineered Products Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Atlas Engineered Products's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlas Engineered Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Atlas Engineered Products Ltd (TSXV:AEP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005 Boxwood Road, Nanaimo, BC, CAN, V9S 5X9

Website

https://www.atlasengineeredproducts.com

Atlas Engineered Products Ltd is a Canada-based supplier of trusses and engineered wood products. It is engaged in the principal activities of manufacturing trusses for commercial and residential buildings and delivering them to its customers on Vancouver Island. The company generates revenue from the sale of Trusses, Wall panels, and Engineered wood products. Its products and services include project management and site assembly services, design, engineering and permitting services, floor joists, floor trusses, floor panels, roof trusses, wall panels, and windows. It operates manufacturing and distribution facilities in British Columbia, Manitoba, Ontario, and New Brunswick.

Executives

Gianpaolo Fabrisio Andreola	Director
Don Hubbard	Director
Gurmit Dhaliwal	Senior Officer
Gregory Stuart Smith	Director
Miko Malberg	10% Security Holder
Mohammad Hadi Abassi	Director
Bill Gammel	Senior Officer
William Nelson Woods	Senior Officer