Science in Sport (LSE:SIS) Inventory Turnover : 2.47 (As of Jun. 2023)

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What is Science in Sport 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. Science in Sport's Cost of Goods Sold for the six months ended in Jun. 2023 was £19.96 Mil. Science in Sport's Average Total Inventories for the quarter that ended in Jun. 2023 was £8.09 Mil. Science in Sport's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Science in Sport's Days Inventory for the six months ended in Jun. 2023 was 73.96.

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. Science in Sport's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.23.

Science in Sport Inventory Turnover Historical Data

The historical data trend for Science in Sport'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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Science in Sport Inventory Turnover Chart

Science in Sport Annual Data

Trend

Mar13

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.91

4.28

3.93

4.05

4.88

Science in Sport Semi-Annual Data
	Sep13	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.75	1.96	2.15	2.39	2.47

Science in Sport Inventory Turnover Calculation

Science in Sport's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	36.837	/ (	(8.447	+	6.638)	/	2 )
=	36.837	/	7.5425
=	4.88

Science in Sport's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	19.957	/ (	(6.638	+	9.538)	/	2 )
=	19.957	/	8.088
=	2.47

Science in Sport (LSE:SIS) 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.

Science in Sport's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	8.088	/	19.957	*	365 / 2
	=	73.96

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.

Science in Sport's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	8.088	/	34.436
	=	0.23

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.

Science in Sport Inventory Turnover Related Terms

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Science in Sport (LSE:SIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Science in Sport PLC (LSE:SIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Hatton Garden, 2nd Floor, Farringdon, London, GBR, EC1N 8AT

Website

https://www.sisplc.com

Science in Sport PLC is engaged in developing, manufacturing, and marketing sports nutrition products for professional athletes and sports enthusiasts. Its reportable segments are the two brands, SiS and Ph.D. Nutrition. The company's product lines under SiS include Energy Bars, shots, gels, and powders; Hydration Gels, tablets, and powders; Recovery Rebuild Powders; Athlete health Vitamins & supplements. Ph.D. products include Diet range protein; Smart high, low sugar foods, bars, and snacks; Life formulated health products; Performance powder. Its majority of revenue comes from the United Kingdom and includes the Rest of Europe, the USA, and the Rest of the World.

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