Phoslock Environmental Technologies (ASX:PET) Inventory Turnover : 0.22 (As of Jun. 2023)

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What is Phoslock Environmental Technologies 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. Phoslock Environmental Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.47 Mil. Phoslock Environmental Technologies's Average Total Inventories for the quarter that ended in Jun. 2023 was A$2.12 Mil. Phoslock Environmental Technologies's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phoslock Environmental Technologies's Days Inventory for the six months ended in Jun. 2023 was 821.64.

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. Phoslock Environmental Technologies's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 2.12.

Phoslock Environmental Technologies Inventory Turnover Historical Data

The historical data trend for Phoslock Environmental Technologies'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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Phoslock Environmental Technologies Inventory Turnover Chart

Phoslock Environmental Technologies Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.83

5.41

0.88

0.99

0.81

Phoslock Environmental Technologies 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															0.15	0.82	0.17	0.65	0.22

Phoslock Environmental Technologies Inventory Turnover Calculation

Phoslock Environmental Technologies'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 )
=	2.326	/ (	(3.305	+	2.42)	/	2 )
=	2.326	/	2.8625
=	0.81

Phoslock Environmental Technologies'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 )
=	0.471	/ (	(2.42	+	1.821)	/	2 )
=	0.471	/	2.1205
=	0.22

Phoslock Environmental Technologies (ASX:PET) 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.

Phoslock Environmental Technologies'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
	=	2.1205	/	0.471	*	365 / 2
	=	821.64

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.

Phoslock Environmental Technologies'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 )
	=	2.1205	/	1.002
	=	2.12

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.

Phoslock Environmental Technologies Inventory Turnover Related Terms

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Phoslock Environmental Technologies (ASX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phoslock Environmental Technologies Ltd (ASX:PET) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

650 Chapel Street, Unit D, Level 2, Como Centre, South Yarra, VIC, AUS, 3141

Website

https://www.phoslock.com.au

Phoslock Environmental Technologies Ltd provides water technologies and engineering solutions to manage nutrients and other water pollutants. The company has several products to manage unhealthy water bodies and promote healthy aquatic environments. Its business includes the sale of Phoslock granules and application services and lake restoration consulting services. The geographical segments of the group are Australia/New Zealand, Europe/UK, US/Canada/Brazil and China.