Cairn Homes (LSE:CRN) Inventory Turnover : 0.35 (As of Dec. 2023)

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What is Cairn Homes 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. Cairn Homes's Cost of Goods Sold for the six months ended in Dec. 2023 was £298.2 Mil. Cairn Homes's Average Total Inventories for the quarter that ended in Dec. 2023 was £842.2 Mil. Cairn Homes's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cairn Homes's Days Inventory for the six months ended in Dec. 2023 was 515.48.

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. Cairn Homes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.19.

Cairn Homes Inventory Turnover Historical Data

The historical data trend for Cairn Homes'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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Cairn Homes Inventory Turnover Chart

Cairn Homes Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.37

0.24

0.35

0.51

0.54

Cairn Homes Semi-Annual Data
	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												0.24	0.19	0.30	0.17	0.35

Cairn Homes Inventory Turnover Calculation

Cairn Homes's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	447.284	/ (	(841.301	+	812.758)	/	2 )
=	447.284	/	827.0295
=	0.54

Cairn Homes'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 )
=	298.174	/ (	(871.659	+	812.758)	/	2 )
=	298.174	/	842.2085
=	0.35

Cairn Homes (LSE:CRN) 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.

Cairn Homes'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
	=	842.2085	/	298.174	*	365 / 2
	=	515.48

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.

Cairn Homes'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 )
	=	842.2085	/	385.326
	=	2.19

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.

Cairn Homes Inventory Turnover Related Terms

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Cairn Homes (LSE:CRN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cairn Homes PLC (LSE:CRN) » Definitions » Inventory Turnover

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C5H:Ireland CRNl:UK C5H:Germany

Address

45 Mespil Road, Dublin, IRL, D04 W2F1

Website

https://www.cairnhomes.com

Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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