Austin Engineering (Austin Engineering) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is Austin Engineering 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. Austin Engineering's Cost of Goods Sold for the six months ended in Dec. 2023 was $33.2 Mil. Austin Engineering's Average Total Inventories for the quarter that ended in Dec. 2023 was $46.0 Mil. Austin Engineering's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Austin Engineering's Days Inventory for the six months ended in Dec. 2023 was 252.74.

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. Austin Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Austin Engineering Inventory Turnover Historical Data

The historical data trend for Austin Engineering'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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Austin Engineering Inventory Turnover Chart

Austin Engineering Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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2.44

2.54

2.17

1.74

1.65

Austin Engineering Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.99	0.76	0.78	0.72

Austin Engineering Inventory Turnover Calculation

Austin Engineering'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 )
=	61.539	/ (	(28.364	+	46.141)	/	2 )
=	61.539	/	37.2525
=	1.65

Austin Engineering'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 )
=	33.185	/ (	(46.141	+	45.772)	/	2 )
=	33.185	/	45.9565
=	0.72

Austin Engineering (OTCPK:AUSTF) 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.

Austin Engineering'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
	=	45.9565	/	33.185	*	365 / 2
	=	252.74

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.

Austin Engineering'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 )
	=	45.9565	/	96.096
	=	0.48

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.

Austin Engineering Inventory Turnover Related Terms

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Austin Engineering (Austin Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Austin Engineering Ltd (OTCPK:AUSTF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RZA:Germany ANG:Australia

Address

100 Chisholm Crescent, Kewdale, Perth, WA, AUS, 6105

Website

https://www.austineng.com

Austin Engineering Ltd is an Australia based engineering company. It designs and manufactures customized off-highway truck bodies, buckets, water tanks, tyre handlers, and other ancillary products. It is a complete service provider through the product's life cycle, offering on and off-site repair and maintenance. Its geographical segments include Asia-Pacific, North America, and South America. The company generates maximum revenue from the Asia-Pacific segment through the sale of truck bodies.

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