Aristocrat Leisure (Aristocrat Leisure) Inventory Turnover : 4.52 (As of Sep. 2023)

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What is Aristocrat Leisure 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. Aristocrat Leisure's Cost of Goods Sold for the six months ended in Sep. 2023 was $873 Mil. Aristocrat Leisure's Average Total Inventories for the quarter that ended in Sep. 2023 was $193 Mil. Aristocrat Leisure's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aristocrat Leisure's Days Inventory for the six months ended in Sep. 2023 was 40.38.

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. Aristocrat Leisure's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.09.

Aristocrat Leisure Inventory Turnover Historical Data

The historical data trend for Aristocrat Leisure'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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Aristocrat Leisure Inventory Turnover Chart

Aristocrat Leisure Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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11.87

13.90

14.34

11.76

9.67

Aristocrat Leisure Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															8.10	6.88	5.46	5.23	4.52

Aristocrat Leisure Inventory Turnover Calculation

Aristocrat Leisure's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	1765.103	/ (	(166.578	+	198.586)	/	2 )
=	1765.103	/	182.582
=	9.67

Aristocrat Leisure's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	873.265	/ (	(187.85	+	198.586)	/	2 )
=	873.265	/	193.218
=	4.52

Aristocrat Leisure (OTCPK:ARLUF) 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.

Aristocrat Leisure's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	193.218	/	873.265	*	365 / 2
	=	40.38

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.

Aristocrat Leisure's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	193.218	/	2066.388
	=	0.09

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.

Aristocrat Leisure Inventory Turnover Related Terms

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Aristocrat Leisure (Aristocrat Leisure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Aristocrat Leisure Ltd (OTCPK:ARLUF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AC8:Germany ALL:Australia

Address

85 Epping Road, Building A, Pinnacle Office Park, North Ryde, Sydney, NSW, AUS, 2113

Website

https://www.aristocrat.com

Aristocrat Leisure is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in all Australian states and territories, North American jurisdictions, and essentially every major country. Aristocrat is one of the top three largest players in the space along with International Game Technology and Scientific Games. Through acquisitions of Plarium and more recently Big Fish, Aristocrat now derives a significant proportion of earnings from the faster growing mobile gaming business.