This statistic simply provides you with the value of your Parts Stock at any one moment in time.
This figure is usually taken directly from your Balance Sheet from which your Parts Stock can be found within the section labelled Current assets.
The Parts Stock Value takes into account all Obsolete Stock and any parts stock write-down that has taken place within the current year and it is this figure that is used for the calculation of KPI's such as Parts Stock Turn.
It is important to note that this figure is reported as a monetary value and reflects the parts purchases price as opposed to the retail selling price.
Example:
Discussion:
The information that you really want to know here is how much stock should you be holding at any one mo0ment in time? The answer to this question lies in the KPI True Parts Stock Turn.