Seafarms Group (ASX:SFG) Inventory Turnover : 1.56 (As of Dec. 2023)

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What is Seafarms 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. Seafarms Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$11.19 Mil. Seafarms Group's Average Total Inventories for the quarter that ended in Dec. 2023 was A$7.15 Mil. Seafarms Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seafarms Group's Days Inventory for the six months ended in Dec. 2023 was 116.62.

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. Seafarms Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Seafarms Group Inventory Turnover Historical Data

The historical data trend for Seafarms 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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Seafarms Group Inventory Turnover Chart

Seafarms Group Annual Data

Trend

Sep13

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.56

2.48

1.60

0.84

0.98

Seafarms Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.95	-0.80	0.61	0.50	1.56

Seafarms Group Inventory Turnover Calculation

Seafarms Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	11.009	/ (	(10.66	+	11.753)	/	2 )
=	11.009	/	11.2065
=	0.98

Seafarms 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11.19	/ (	(11.753	+	2.548)	/	2 )
=	11.19	/	7.1505
=	1.56

Seafarms Group (ASX:SFG) 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.

Seafarms Group's Days Inventory for the six 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
	=	7.1505	/	11.19	*	365 / 2
	=	116.62

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.

Seafarms 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 )
	=	7.1505	/	20.243
	=	0.35

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.

Seafarms Group Inventory Turnover Related Terms

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Seafarms Group (ASX:SFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Seafarms Group Ltd (ASX:SFG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

66 Smith Street, Level 6, Darwin, NT, AUS, 0800

Website

https://www.seafarms.com.au

Seafarms Group Ltd is an Australian agri-food company engaged in providing production platforms for producing high-quality seafood. The company's operating segment include Aquaculture and others. It generates maximum revenue from the Aquaculture segment. The company's project includes Sea Dragon and operates a black tiger and banana prawn aquaculture business located in North Queensland. Its product profile includes crystal bay prawns and crystal bay tigers.

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