Resource Development Group (ASX:RDG) Inventory Turnover : 1.80 (As of Dec. 2024)

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What is Resource Development 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. Resource Development Group's Cost of Goods Sold for the six months ended in Dec. 2024 was A$19.0 Mil. Resource Development Group's Average Total Inventories for the quarter that ended in Dec. 2024 was A$10.6 Mil. Resource Development Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Resource Development Group's Days Inventory for the six months ended in Dec. 2024 was 101.52.

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. Resource Development Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.19.

Resource Development Group Inventory Turnover Historical Data

The historical data trend for Resource Development 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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Resource Development Group Inventory Turnover Chart

Resource Development Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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58.11

84.28

29.11

3.49

6.20

Resource Development Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.93	1.49	2.32	3.86	1.80

Resource Development Group Inventory Turnover Calculation

Resource Development Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	53.644	/ (	(7.845	+	9.464)	/	2 )
=	53.644	/	8.6545
=	6.20

Resource Development Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	18.979	/ (	(9.464	+	11.651)	/	2 )
=	18.979	/	10.5575
=	1.80

Resource Development Group (ASX:RDG) 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.

Resource Development Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	10.5575	/	18.979	*	365 / 2
	=	101.52

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.

Resource Development Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	10.5575	/	56.092
	=	0.19

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.

Resource Development Group Inventory Turnover Related Terms

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Resource Development Group Business Description

Industry

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Address

Level 3, 14 Walters Drive, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.resdevgroup.com.au

Resource Development Group Ltd provides contracting, remedial and construction services to the mining and oil and gas sectors within Australia as well as residential building and development. Its business division includes the Construction segment generating, a majority of the firm's revenue, Mining Segment and Others The company provides multi-disciplinary construction services; ancillary, remedial, and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions, and optimizing services. It also provides services to the resource, infrastructure, energy, government, utilities and defence sectors within Australia.

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