Hubify (ASX:HFY) Inventory Turnover : 45.39 (As of Dec. 2023)

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What is Hubify 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. Hubify's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.52 Mil. Hubify's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.10 Mil. Hubify's Inventory Turnover for the quarter that ended in Dec. 2023 was 45.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hubify's Days Inventory for the six months ended in Dec. 2023 was 4.02.

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. Hubify's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Hubify Inventory Turnover Historical Data

The historical data trend for Hubify'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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Hubify Inventory Turnover Chart

Hubify Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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18.05

134.24

82.84

64.22

58.81

Hubify Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									25.34	31.80	26.04	25.57	45.39

Hubify Inventory Turnover Calculation

Hubify'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 )
=	6.94	/ (	(0.112	+	0.124)	/	2 )
=	6.94	/	0.118
=	58.81

Hubify'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 )
=	4.516	/ (	(0.124	+	0.075)	/	2 )
=	4.516	/	0.0995
=	45.39

Hubify (ASX:HFY) 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.

Hubify'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
	=	0.0995	/	4.516	*	365 / 2
	=	4.02

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.

Hubify'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 )
	=	0.0995	/	10.17
	=	0.01

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.

Hubify Inventory Turnover Related Terms

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Hubify (ASX:HFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hubify Ltd (ASX:HFY) » Definitions » Inventory Turnover

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N/A

Address

65 Epping Road, Suite 1.01, Level 1, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.hubify.com.au

Hubify Ltd provides telecommunications services. It offers data management, fleet management, office broadband, digital phone, and other services. The company's product Global SIM is a prepaid service, which has no lock-in contract and no bill shock. It offers overseas travel with a low-cost international roaming SIM card. Its primary business segment is telecommunications namely voice, data, and value-added services. Geographically, it operates within Australia.

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