Halo Food Co (ASX:HLF) Inventory Turnover : 2.60 (As of Mar. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Halo Food Co 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. Halo Food Co's Cost of Goods Sold for the six months ended in Mar. 2023 was A$35.00 Mil. Halo Food Co's Average Total Inventories for the quarter that ended in Mar. 2023 was A$13.44 Mil. Halo Food Co's Inventory Turnover for the quarter that ended in Mar. 2023 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Halo Food Co's Days Inventory for the six months ended in Mar. 2023 was 70.08.

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. Halo Food Co's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.33.

Halo Food Co Inventory Turnover Historical Data

The historical data trend for Halo Food Co'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.

Halo Food Co Inventory Turnover Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

9.21

6.21

4.84

4.20

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Inventory Turnover	Get a 7-Day Free Trial					2.23	1.86	2.24	2.40	2.60

Halo Food Co Inventory Turnover Calculation

Halo Food Co's Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	47.521	/ (	(11.099	+	11.528)	/	2 )
=	47.521	/	11.3135
=	4.20

Halo Food Co's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	34.997	/ (	(14.22	+	12.656)	/	2 )
=	34.997	/	13.438
=	2.60

Halo Food Co (ASX:HLF) 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.

Halo Food Co's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	13.438	/	34.997	*	365 / 2
	=	70.08

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.

Halo Food Co's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	13.438	/	40.489
	=	0.33

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.

Halo Food Co Inventory Turnover Related Terms

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

Halo Food Co (ASX:HLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Halo Food Co Ltd (ASX:HLF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.