Apiam Animal Health (ASX:AHX) Inventory Turnover : 2.03 (As of Dec. 2023)

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What is Apiam Animal Health 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. Apiam Animal Health's Cost of Goods Sold for the six months ended in Dec. 2023 was A$33.4 Mil. Apiam Animal Health's Average Total Inventories for the quarter that ended in Dec. 2023 was A$16.4 Mil. Apiam Animal Health's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apiam Animal Health's Days Inventory for the six months ended in Dec. 2023 was 89.71.

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. Apiam Animal Health's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Apiam Animal Health Inventory Turnover Historical Data

The historical data trend for Apiam Animal Health'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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Apiam Animal Health Inventory Turnover Chart

Apiam Animal Health Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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5.10

3.87

3.32

3.59

4.20

Apiam Animal Health Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												1.64	1.67	1.72	2.13	2.03

Apiam Animal Health Inventory Turnover Calculation

Apiam Animal Health's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	69.877	/ (	(17.781	+	15.472)	/	2 )
=	69.877	/	16.6265
=	4.20

Apiam Animal Health's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	33.429	/ (	(15.472	+	17.392)	/	2 )
=	33.429	/	16.432
=	2.03

Apiam Animal Health (ASX:AHX) 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.

Apiam Animal Health's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	16.432	/	33.429	*	365 / 2
	=	89.71

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.

Apiam Animal Health's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	16.432	/	104.364
	=	0.16

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.

Apiam Animal Health Inventory Turnover Related Terms

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Apiam Animal Health (ASX:AHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Apiam Animal Health Ltd (ASX:AHX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

27- 33 Piper Lane, East Bendigo, Bendigo, VIC, AUS, 3550

Website

https://www.apiam.com.au

Apiam Animal Health Ltd provides products and services to support the health and welfare of production and mixed animals. The company offers veterinary wholesale, warehousing, logistics, and other ancillary services. Its operating segments include Dairy and Mixed, Feedlots and Pigs. It generates the majority of its revenue from Dairy and Mixed.

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