Team Internet Group (LSE:TIG) Inventory Turnover : 485.25 (As of Dec. 2023)

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What is Team Internet 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. Team Internet Group's Cost of Goods Sold for the three months ended in Dec. 2023 was £136.4 Mil. Team Internet Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.3 Mil. Team Internet Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 485.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Team Internet Group's Days Inventory for the three months ended in Dec. 2023 was 0.19.

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. Team Internet Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Team Internet Group Inventory Turnover Historical Data

The historical data trend for Team Internet 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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Team Internet Group Inventory Turnover Chart

Team Internet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.29

217.71

308.23

775.23

1,567.38

Team Internet Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															208.30	248.95	277.82	339.36	485.25

Team Internet Group Inventory Turnover Calculation

Team Internet Group'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 )
=	510.182	/ (	(0.493	+	0.158)	/	2 )
=	510.182	/	0.3255
=	1,567.38

Team Internet 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	136.354	/ (	(0.404	+	0.158)	/	2 )
=	136.354	/	0.281
=	485.25

Team Internet Group (LSE:TIG) 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.

Team Internet Group's Days Inventory for the three 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
	=	0.281	/	136.354	*	365 / 4
	=	0.19

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.

Team Internet 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 )
	=	0.281	/	177.908
	=	0.00

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.

Team Internet Group Inventory Turnover Related Terms

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Team Internet Group (LSE:TIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Team Internet Group PLC (LSE:TIG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

4CN:Germany

Address

44 Gutter Lane, 4th Floor, Saddlers House, London, GBR, EC2V 6BR

Website

https://teaminternet.com

Team Internet Group PLC Formerly CentralNic Group PLC is a holding company, through its subsidiaries is involved in the provision of domain name services. The company provides registry services, distribution, and strategic consultancy. The business operates in two segments being Online Presence segment and Online Marketing. The Online Marketing segment creates privacy safe AI based customer journeys that help online consumers make informed choices. The Online Presence segment conducts business as a distributor of domain names through a network of channel partners as well as selling domain names and ancillary services to end users, monitoring services to protect brands online, technical and consultancy services to corporate clients.