Audioboom Group (LSE:BOOM) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Audioboom 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. Audioboom Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £27.68 Mil. Audioboom Group's Average Total Inventories for the quarter that ended in Jun. 2023 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Audioboom Group's Days Inventory for the six months ended in Jun. 2023 was 0.00.

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. Audioboom Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.

Audioboom Group Inventory Turnover Historical Data

The historical data trend for Audioboom 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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Audioboom Group Inventory Turnover Chart

Audioboom Group Annual Data

Trend

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Inventory Turnover

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Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Audioboom Group Inventory Turnover Calculation

Audioboom 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 )
=	53.407	/ (	(0	+	0)	/	1 )
=	53.407	/	0
=	N/A

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

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	27.684	/ (	(0	+	0)	/	1 )
=	27.684	/	0
=	N/A

Audioboom Group (LSE:BOOM) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0	/	27.684	*	365 / 2
	=	0.00

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0	/	25.192
	=	0.00

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.

Audioboom Group Inventory Turnover Related Terms

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Audioboom Group (LSE:BOOM) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » Inventory Turnover

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Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that operates spoken-word audio platforms and a digital online marketplace for hosting, distributing, and monetizing content. It works with broadcasters, content creators, and podcasters around the world. The company has operational footprints across the United Kingdom, the Rest of the World, and the USA. The company's hosting and distribution platform allows partners to embed, share via social channels, and re-syndicate their content.