Simpple (Simpple) Inventory Turnover : 1.67 (As of Dec. 2022)

View and export this data going back to 2023. Start your Free Trial

What is Simpple 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. Simpple's Cost of Goods Sold for the six months ended in Dec. 2022 was $1.24 Mil. Simpple's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.74 Mil. Simpple's Inventory Turnover for the quarter that ended in Dec. 2022 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simpple's Days Inventory for the six months ended in Dec. 2022 was 109.29.

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. Simpple's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.25.

Simpple Inventory Turnover Historical Data

The historical data trend for Simpple'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.

* Premium members only.

Simpple Inventory Turnover Chart

Simpple Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.81

2.55

2.73

2.38

Simpple Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial			3.27	0.69	1.17	1.67	-

Simpple Inventory Turnover Calculation

Simpple'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 )
=	1.686	/ (	(0.764	+	0.651)	/	2 )
=	1.686	/	0.7075
=	2.38

Simpple's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	1.239	/ (	(0.72	+	0.764)	/	2 )
=	1.239	/	0.742
=	1.67

Simpple (NAS:SPPL) 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.

Simpple's Days Inventory for the six months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.742	/	1.239	*	365 / 2
	=	109.29

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.

Simpple's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.742	/	2.914
	=	0.25

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.

Simpple Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Simpple's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Simpple (Simpple) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Simpple Ltd (NAS:SPPL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 03-07, 71 Ayer Rajah Crescent, Singapore, SGP, 139951

Website

https://www.simpple.com.sg

Simpple Ltd delivers an ecosystem solution that combines Internet-of-Things devices, robotic solutions and an integrated software system operating in unison to position buildings to be future-ready.

Simpple (Simpple) Headlines

From GuruFocus

SIMPPLE LTD. Announces Pricing of US$8.4 Million Initial Public Offering

By Marketwired • 09-12-2023

SIMPPLE LTD. Announces Closing of US$8.4 Million Initial Public Offering

By Marketwired • 09-15-2023