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Erayak Power Solution Group Inc (NASDAQ: RAYA) |
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Erayak Power Solution Group Inc Inventory Turnover Ratio (COS)
Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics
Erayak Power Solution Group Inc 's inventory turnover ratio, the ratio that measures Erayak Power Solution Group Inc 's ability to manage its supply chain, sequentially decreased to 2.17 in the fourth quarter 2023, which does not come as a surprise, as the Erayak Power Solution Group Inc continue to experience headwinds, which also impact its supply chain. Erayak Power Solution Group Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 168 days, from 123 days, in the 0 quarter.
Within Basic Materials sector 181 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1214 in the third quarter 2023, to 1228.
RAYA Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Erayak Power Solution Group Inc Market Share?
What is Inventory Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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| RAYA Inventory Turnover Ratio |
(Dec 31 2023)
IV. Quarter |
0
III. Quarter |
0
II. Quarter |
0
I. Quarter |
(Dec 31 2022)
IV. Quarter |
| Y / Y Inventory Growth |
13.31 % |
13.31 % |
13.31 % |
13.31 % |
- |
| Y / Y Cost of Sales Growth |
-24.59 % |
- |
- |
- |
- |
| Inventory Turnover Ratio (TTM) |
2.17 |
- |
- |
- |
3.26 |
| RAYA's Total
Ranking |
# 1228 |
# 1214 |
# 0 |
# 0 |
# 0 |
| Average inventory processing period |
168 |
- |
- |
- |
112 |
| Seq. Inventory Growth |
0 % |
0 % |
0 % |
13.31 % |
0 % |
| Seq. Cost of Sales Growth |
- |
- |
- |
- |
- |
| Inventory Turnover Ratio Statistics |
| High |
Average |
Low |
| 3.26 |
2.71 |
2.17 |
| (Dec 31 2022) |
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(Dec 31 2023) |
| Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Basic Materials Sector | Inventory Turnover Ratio | Cost of revenues at quarter ending Dec 31 2023 | Inventories at quarter ending Dec 31 2023 | | Mueller Industries Inc | 5.76 | $ 2,433.511 Millions | $ 423 Millions | | Myers Industries Inc | 5.71 | $ 553.000 Millions | $ 97 Millions | | Codexis inc | 5.67 | $ 12.809 Millions | $ 2 Millions | | Olin Corporation | 5.66 | $ 5,667.500 Millions | $ 1,002 Millions | | Arcosa Inc | 5.62 | $ 1,864.100 Millions | $ 332 Millions | | Ryerson Holding Corporation | 5.55 | $ 4,087.000 Millions | $ 736 Millions | | Kaiser Aluminum Corporation | 5.51 | $ 2,754.900 Millions | $ 500 Millions | | Aspen Aerogels Inc | 5.41 | $ 181.000 Millions | $ 33 Millions | | L b Foster Company | 5.40 | $ 431.000 Millions | $ 80 Millions | | Huntsman Corporation | 5.38 | $ 5,205.000 Millions | $ 967 Millions | | O i Glass Inc | 5.31 | $ 5,609.000 Millions | $ 1,056 Millions | | Pactiv Evergreen Inc | 5.30 | $ 4,777.000 Millions | $ 902 Millions | | Crown Holdings Inc | 5.27 | $ 9,546.000 Millions | $ 1,811 Millions | | Clearwater Paper Corporation | 5.23 | $ 1,752.000 Millions | $ 335 Millions | | Beacon Roofing Supply Inc | 5.23 | $ 6,777.000 Millions | $ 1,295 Millions | | Orion S a | 5.23 | $ 1,442.000 Millions | $ 276 Millions | | Balchem Corporation | 5.21 | $ 620.000 Millions | $ 119 Millions | | Fuller H B Co | 5.16 | $ 2,502.037 Millions | $ 485 Millions | | Novelis Inc | 5.10 | $ 14,084.000 Millions | $ 2,761 Millions | | Eagle Materials Inc | 5.05 | $ 1,551.262 Millions | $ 307 Millions | | Cabot Corporation | 5.04 | $ 3,048.000 Millions | $ 605 Millions | | Louisiana pacific Corporation | 5.04 | $ 1,988.000 Millions | $ 395 Millions | | Mcewen Mining inc | 5.04 | $ 119.230 Millions | $ 24 Millions | | Matthews International Corp | 5.03 | $ 1,310.323 Millions | $ 260 Millions | | Steel Dynamics Inc | 4.97 | $ 14,749.000 Millions | $ 2,967 Millions | | Reliance Inc | 4.92 | $ 10,258.600 Millions | $ 2,084 Millions | | Martin Marietta Materials Inc | 4.89 | $ 4,754.000 Millions | $ 971 Millions | | Nucor Corporation | 4.88 | $ 26,899.107 Millions | $ 5,512 Millions | | Silgan Holdings Inc | 4.80 | $ 4,995.000 Millions | $ 1,042 Millions | | Minerals Technologies Inc | 4.79 | $ 1,662.000 Millions | $ 347 Millions |
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