Reko International Group (Reko International Group) Inventory Turnover : 1.07 (As of Jan. 2024)

View and export this data going back to . Start your Free Trial

What is Reko International 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. Reko International Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $7.78 Mil. Reko International Group's Average Total Inventories for the quarter that ended in Jan. 2024 was $7.24 Mil. Reko International Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reko International Group's Days Inventory for the three months ended in Jan. 2024 was 84.95.

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. Reko International Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.81.

Reko International Group Inventory Turnover Historical Data

The historical data trend for Reko International 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.

* Premium members only.

Reko International Group Inventory Turnover Chart

Reko International Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

Get a 7-Day Free Trial

4.25

3.38

3.09

4.42

4.04

Reko International Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.87	0.93	0.96	1.18	1.07

Reko International Group Inventory Turnover Calculation

Reko International Group's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	30.024	/ (	(7.129	+	7.744)	/	2 )
=	30.024	/	7.4365
=	4.04

Reko International Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	7.782	/ (	(6.763	+	7.726)	/	2 )
=	7.782	/	7.2445
=	1.07

Reko International Group (OTCPK:RKIGF) 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.

Reko International Group's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	7.2445	/	7.782	*	365 / 4
	=	84.95

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.

Reko International Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	7.2445	/	8.901
	=	0.81

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.

Reko International Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Reko International Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Reko International Group (Reko International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reko International Group Inc (OTCPK:RKIGF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

REKO:Canada

Address

469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2

Website

https://www.rekointl.com

Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.

Reko International Group (Reko International Group) Headlines

No Headlines