FireAngelfety Technology Group (LSE:FA.) Inventory Turnover : 1.95 (As of Jun. 2023)

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What is FireAngelfety Technology 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. FireAngelfety Technology Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £17.62 Mil. FireAngelfety Technology Group's Average Total Inventories for the quarter that ended in Jun. 2023 was £9.05 Mil. FireAngelfety Technology Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FireAngelfety Technology Group's Days Inventory for the six months ended in Jun. 2023 was 93.69.

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. FireAngelfety Technology Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.42.

FireAngelfety Technology Group Inventory Turnover Historical Data

The historical data trend for FireAngelfety Technology 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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FireAngelfety Technology Group Inventory Turnover Chart

FireAngelfety Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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3.06

5.58

5.25

6.48

8.03

FireAngelfety Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															2.97	3.79	4.73	4.29	1.95

FireAngelfety Technology Group Inventory Turnover Calculation

FireAngelfety Technology Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	47.36	/ (	(3.737	+	8.061)	/	2 )
=	47.36	/	5.899
=	8.03

FireAngelfety Technology 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 )
=	17.619	/ (	(8.061	+	10.03)	/	2 )
=	17.619	/	9.0455
=	1.95

FireAngelfety Technology Group (LSE:FA.) 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.

FireAngelfety Technology 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
	=	9.0455	/	17.619	*	365 / 2
	=	93.69

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.

FireAngelfety Technology 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 )
	=	9.0455	/	21.448
	=	0.42

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.

FireAngelfety Technology Group Inventory Turnover Related Terms

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FireAngelfety Technology Group (LSE:FA.) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FireAngel Safety Technology Group PLC (LSE:FA.) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SPRP.GB:UK

Address

Sir William Lyons Road, The `Vanguard Centre, Coventry, West Midlands, GBR, CV4 7EZ

Website

https://www.fireangeltech.com

FireAngel Safety Technology Group PLC is a UK-based company, which is focused on providing market-foremost smoke detectors, carbon monoxide detectors, and other home safety products. Geographically, it derives majority of its revenue from the United Kingdom and has a presence throughout Continental Europe. It generates revenue from an operation such as International, Trade, Retail, Fire and Rescue Services, Utilities, and Pace Sensors. The company offers products under various brands which include FireAngel, AngelEye, FireAngel Pro, FireAngel Connect, and Pace Sensors.

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