PMNT (Perfect Moment) Inventory Turnover : 0.29 (As of Jun. 2024)

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What is Perfect Moment 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. Perfect Moment's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.62 Mil. Perfect Moment's Average Total Inventories for the quarter that ended in Jun. 2024 was $2.12 Mil. Perfect Moment's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Perfect Moment's Days Inventory for the three months ended in Jun. 2024 was 313.62.

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. Perfect Moment's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.18.

Perfect Moment Inventory Turnover Historical Data

The historical data trend for Perfect Moment'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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Perfect Moment Inventory Turnover Chart

Perfect Moment Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

3.62

3.14

5.38

7.11

6.77

Perfect Moment Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial							0.22	1.14	2.03	1.09	0.29

Perfect Moment Inventory Turnover Calculation

Perfect Moment's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	15.212	/ (	(2.262	+	2.23)	/	2 )
=	15.212	/	2.246
=	6.77

Perfect Moment's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	0.618	/ (	(2.23	+	2.018)	/	2 )
=	0.618	/	2.124
=	0.29

Perfect Moment (AMEX:PMNT) 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.

Perfect Moment's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.124	/	0.618	*	365 / 4
	=	313.62

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.

Perfect Moment's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.124	/	0.974
	=	2.18

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.

Perfect Moment Inventory Turnover Related Terms

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Perfect Moment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Perfect Moment Ltd (AMEX:PMNT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

222 Kensal Road, 307 Canalot Studios, London, GBR, W10 5BN

Website

https://www.perfectmoment.com

Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear, and activewear. It operates at the intersection of luxury fashion and multi-channel commerce. Although the Company is organized fundamentally as one business segment which is product sales, the Company's revenues are primarily split between three geographic areas which are the U. S., Europe, and the UK.