SMW Group (HAM:XAO) Inventory Turnover : 10.44 (As of Dec. 2021)

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What is SMW 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. SMW Group's Cost of Goods Sold for the six months ended in Dec. 2021 was €3.65 Mil. SMW Group's Average Total Inventories for the quarter that ended in Dec. 2021 was €0.35 Mil. SMW Group's Inventory Turnover for the quarter that ended in Dec. 2021 was 10.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMW Group's Days Inventory for the six months ended in Dec. 2021 was 17.48.

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. SMW Group's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.02.

SMW Group Inventory Turnover Historical Data

The historical data trend for SMW 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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SMW Group Inventory Turnover Chart

SMW Group Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Jun21

Inventory Turnover

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20.69

SMW Group Semi-Annual Data
	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															-	-	2.59	3.56	10.44

SMW Group Inventory Turnover Calculation

SMW Group's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Mar. 2019 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	6.91	/ (	(0	+	0.334)	/	1 )
=	6.91	/	0.334
=	20.69

SMW Group's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	3.65	/ (	(0.334	+	0.365)	/	2 )
=	3.65	/	0.3495
=	10.44

SMW Group (HAM:XAO) 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.

SMW Group's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.3495	/	3.65	*	365 / 2
	=	17.48

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.

SMW Group's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.3495	/	19.565
	=	0.02

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.

SMW Group Inventory Turnover Related Terms

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SMW Group (HAM:XAO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » SMW Group Ltd (HAM:XAO) » Definitions » Inventory Turnover

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Address

145 East Street, Level 2, Rockhampton, QLD, AUS, 4700

Website

https://www.smwgroup.com.au

SMW Group Ltd is a mining and industry services provider based in Rockhampton and servicing Central Queensland. The company offers full-service maintenance, fabrication, and field service to the mining industry in the Bowen Basin, Galilee Basin and beyond. It provides field maintenance and workshop maintenance services and can design, engineer, fabricate and service all types of heavy equipment. The company's segments include Mackay and Rockhampton. It generates maximum revenue from the Rockhampton segment.

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