Carbonxt Group (FRA:CKV) Inventory Turnover : 1.72 (As of Dec. 2023)

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What is Carbonxt 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. Carbonxt Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €2.91 Mil. Carbonxt Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €1.69 Mil. Carbonxt Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Carbonxt Group's Days Inventory for the six months ended in Dec. 2023 was 105.92.

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. Carbonxt Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Carbonxt Group Inventory Turnover Historical Data

The historical data trend for Carbonxt 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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Carbonxt Group Inventory Turnover Chart

Carbonxt Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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10.27

4.11

3.81

5.18

3.27

Carbonxt Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								3.79	2.44	2.08	1.43	1.72

Carbonxt Group Inventory Turnover Calculation

Carbonxt 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 )
=	6.742	/ (	(2.075	+	2.048)	/	2 )
=	6.742	/	2.0615
=	3.27

Carbonxt 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 )
=	2.911	/ (	(2.048	+	1.331)	/	2 )
=	2.911	/	1.6895
=	1.72

Carbonxt Group (FRA:CKV) 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.

Carbonxt 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
	=	1.6895	/	2.911	*	365 / 2
	=	105.92

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.

Carbonxt 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 )
	=	1.6895	/	5.171
	=	0.33

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.

Carbonxt Group Inventory Turnover Related Terms

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Carbonxt Group (FRA:CKV) Business Description

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CG1:Australia

Address

3951 NW 48th Terrace, Suite 111, Gainesville, FL, USA, 32606

Website

https://www.carbonxt.com

Carbonxt Group Ltd is an Australian company engaged in the development and sale of specialized Activated Carbon (AC) products, including Powdered Activated Carbon (PAC) and AC pellets for the removal of pollutants and toxins in industrial processes. Geographically, it derives a majority of revenue from the United States of America. The company product comprises coal-fired power plants, cement plants, waste to energy, potable water and other applications.

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