Altitude Group (LSE:ALT) Inventory Turnover : 9.68 (As of Sep. 2023)

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What is Altitude 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. Altitude Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £6.85 Mil. Altitude Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £0.71 Mil. Altitude Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 9.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altitude Group's Days Inventory for the six months ended in Sep. 2023 was 18.86.

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. Altitude Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.06.

Altitude Group Inventory Turnover Historical Data

The historical data trend for Altitude 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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Altitude Group Inventory Turnover Chart

Altitude Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Inventory Turnover

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1.17

0.48

1.23

199.52

52.08

Altitude Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															172.33	114.21	61.03	28.34	9.68

Altitude Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	10.156	/ (	(0.029	+	0.361)	/	2 )
=	10.156	/	0.195
=	52.08

Altitude Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	6.846	/ (	(0.361	+	1.054)	/	2 )
=	6.846	/	0.7075
=	9.68

Altitude Group (LSE:ALT) 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.

Altitude Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.7075	/	6.846	*	365 / 2
	=	18.86

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.

Altitude Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.7075	/	11.768
	=	0.06

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.

Altitude Group Inventory Turnover Related Terms

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Altitude Group (LSE:ALT) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Altitude Group PLC (LSE:ALT) » Definitions » Inventory Turnover

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D9E:Germany

Address

32 Eyre Street, 7th Floor, Sheffield City Centre, Sheffield, GBR, S1 4QZ

Website

http://www.altitudeplc.com

Altitude Group PLC operates a technology and information business providing services to the promotional merchandising and print industries across North America and the United Kingdom. The company enables the buyers and sellers of products to interact and trade, through the provision of technology, catalogues, and exhibition services, in the promotional merchandising and printing sectors. Its service portfolio comprises technology services such as cloud and server-based software, website solution, information service solution. It derives mainly of its revenue from North America.