Olam Group (SGX:VC2) Inventory Turnover : 2.50 (As of Jun. 2023)

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What is Olam 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. Olam Group's Cost of Goods Sold for the six months ended in Jun. 2023 was S$22,758 Mil. Olam Group's Average Total Inventories for the quarter that ended in Jun. 2023 was S$9,114 Mil. Olam Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Olam Group's Days Inventory for the six months ended in Jun. 2023 was 73.09.

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. Olam Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.37.

Olam Group Inventory Turnover Historical Data

The historical data trend for Olam 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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Olam Group Inventory Turnover Chart

Olam Group Annual Data

Trend

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.46

4.39

4.49

5.30

5.67

Olam Group Semi-Annual Data
	Dec13	Jun14	Dec14	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															2.74	2.59	2.82	2.56	2.50

Olam Group Inventory Turnover Calculation

Olam Group'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 )
=	50461.158	/ (	(8857.22	+	8947.324)	/	2 )
=	50461.158	/	8902.272
=	5.67

Olam Group'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 )
=	22757.95	/ (	(8947.324	+	9281.376)	/	2 )
=	22757.95	/	9114.35
=	2.50

Olam Group (SGX:VC2) 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.

Olam Group'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
	=	9114.35	/	22757.95	*	365 / 2
	=	73.09

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.

Olam Group'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 )
	=	9114.35	/	24685.052
	=	0.37

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.

Olam Group Inventory Turnover Related Terms

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Olam Group (SGX:VC2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Olam Group Ltd (SGX:VC2) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OLGPF:USA K25:Germany

Address

7 Straits View, Marina One East Tower, No. 20-01, Singapore, SGP, 018936

Website

https://www.olamgroup.com

Olam Group Ltd sources, processes, packages, and sells agricultural commodities. The company's operating segments include Olam Food Ingredients; Olam Global Agri and Olam International Limited. It generates maximum revenue from the Olam Global Agri segment. Geographically, it derives a majority of its revenue from Asia, the Middle East and Australia. Some of its products include Cocoa, Coffee, Cotton, Nuts, and Spices.

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