Pacific Smiles Group (ASX:PSQ) Inventory Turnover : 2.05 (As of Dec. 2023)

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What is Pacific Smiles Group 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. Pacific Smiles Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$12.7 Mil. Pacific Smiles Group's Average Total Inventories for the quarter that ended in Dec. 2023 was A$6.2 Mil. Pacific Smiles Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pacific Smiles Group's Days Inventory for the six months ended in Dec. 2023 was 89.22.

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. Pacific Smiles Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Pacific Smiles Group Inventory Turnover Historical Data

The historical data trend for Pacific Smiles Group'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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Pacific Smiles Group Inventory Turnover Chart

Pacific Smiles Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.41

2.76

4.65

3.28

3.69

Pacific Smiles Group Semi-Annual Data
	Dec14	Jun15	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														1.50	1.69	1.75	1.90	2.05

Pacific Smiles Group Inventory Turnover Calculation

Pacific Smiles Group'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 )
=	22.122	/ (	(5.795	+	6.2)	/	2 )
=	22.122	/	5.9975
=	3.69

Pacific Smiles Group'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 )
=	12.669	/ (	(6.2	+	6.187)	/	2 )
=	12.669	/	6.1935
=	2.05

Pacific Smiles Group (ASX:PSQ) 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.

Pacific Smiles Group'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
	=	6.1935	/	12.669	*	365 / 2
	=	89.22

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.

Pacific Smiles Group'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 )
	=	6.1935	/	90.002
	=	0.07

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.

Pacific Smiles Group Inventory Turnover Related Terms

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Pacific Smiles Group (ASX:PSQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pacific Smiles Group Ltd (ASX:PSQ) » Definitions » Inventory Turnover

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Address

6 Molly Morgan Drive, Level 1, Greenhills, NSW, AUS, 2323

Website

https://www.pacificsmilesdental.com.au

Pacific Smiles Group Ltd engages in the development and operation of dental centers in Eastern Australia. It provides full services surgeries, equipped facilities, materials, marketing, and administrative services to independent dentists. The company generates maximum revenue from Dental services fees.