Animalcare Group (LSE:ANCR) Inventory Turnover : 1.42 (As of Dec. 2023)

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What is Animalcare 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. Animalcare Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £15.40 Mil. Animalcare Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £10.82 Mil. Animalcare Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Animalcare Group's Days Inventory for the six months ended in Dec. 2023 was 128.23.

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. Animalcare Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Animalcare Group Inventory Turnover Historical Data

The historical data trend for Animalcare 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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Animalcare Group Inventory Turnover Chart

Animalcare Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.63

2.84

2.99

2.60

2.63

Animalcare Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.51	1.50	1.10	1.25	1.42

Animalcare Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	31.005	/ (	(13.474	+	10.062)	/	2 )
=	31.005	/	11.768
=	2.63

Animalcare 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 )
=	15.4	/ (	(11.579	+	10.062)	/	2 )
=	15.4	/	10.8205
=	1.42

Animalcare Group (LSE:ANCR) 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.

Animalcare 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
	=	10.8205	/	15.4	*	365 / 2
	=	128.23

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.

Animalcare 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 )
	=	10.8205	/	37.639
	=	0.29

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.

Animalcare Group Inventory Turnover Related Terms

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Animalcare Group (LSE:ANCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Animalcare Group PLC (LSE:ANCR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ANCR.GB:UK

Address

Monks Cross Drive, Moorside, York, GBR, YO32 9LB

Website

https://www.animalcaregroup.com

Animalcare Group PLC is active in the healthcare division in the United Kingdom. It is a generic veterinary medicines company. The company mainly caters to veterinary professionals in the treatment of companion animals through a product line comprised of licensed veterinary medicines and companion animal identification products and services. Its only reportable segment is Pharmaceutical which includes the development and marketing of innovative pharmaceutical products. The company has a presence in Belgium, The Netherlands, Germany, Italy, Portugal, European Union - Other, Asia, Middle East Africa, Spain, the United Kingdom, and Other Countries of which Spain derives a majority of revenue to the company.

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