Israel Land Development Urban Renewal (XTAE:ILDR) Inventory Turnover : 0.12 (As of Mar. 2024)

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What is Israel Land Development Urban Renewal 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. Israel Land Development Urban Renewal's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪5.74 Mil. Israel Land Development Urban Renewal's Average Total Inventories for the quarter that ended in Mar. 2024 was ₪48.32 Mil. Israel Land Development Urban Renewal's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Israel Land Development Urban Renewal's Days Inventory for the three months ended in Mar. 2024 was 768.38.

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. Israel Land Development Urban Renewal's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 6.85.

Israel Land Development Urban Renewal Inventory Turnover Historical Data

The historical data trend for Israel Land Development Urban Renewal'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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Israel Land Development Urban Renewal Inventory Turnover Chart

Israel Land Development Urban Renewal Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.34

0.24

0.83

Israel Land Development Urban Renewal Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.13	0.14	0.22	0.34	0.12

Israel Land Development Urban Renewal Inventory Turnover Calculation

Israel Land Development Urban Renewal'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 )
=	50.342	/ (	(70.69	+	50.569)	/	2 )
=	50.342	/	60.6295
=	0.83

Israel Land Development Urban Renewal's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5.738	/ (	(50.569	+	46.066)	/	2 )
=	5.738	/	48.3175
=	0.12

Israel Land Development Urban Renewal (XTAE:ILDR) 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.

Israel Land Development Urban Renewal's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	48.3175	/	5.738	*	365 / 4
	=	768.38

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.

Israel Land Development Urban Renewal's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	48.3175	/	7.057
	=	6.85

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.

Israel Land Development Urban Renewal Inventory Turnover Related Terms

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Israel Land Development Urban Renewal (XTAE:ILDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Israel Land Development Urban Renewal Ltd (XTAE:ILDR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2 Arie Shenkar Street, Tel-Aviv, ISR, 68010

Website

http://en.ildc.co.il

Israel Land Development Urban Renewal Ltd, formerly The Israel Land Development Co Energy Ltd is engaged in exploring for gas and petroleum in Israel.

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