Rural Funds Group (ASX:RFF) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is Rural Funds 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. Rural Funds Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$20.3 Mil. Rural Funds Group's Average Total Inventories for the quarter that ended in Dec. 2023 was A$14.7 Mil. Rural Funds Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rural Funds Group's Days Inventory for the six months ended in Dec. 2023 was 132.50.

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. Rural Funds Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Rural Funds Group Inventory Turnover Historical Data

The historical data trend for Rural Funds 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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Rural Funds Group Inventory Turnover Chart

Rural Funds Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.00

3.01

1.78

Rural Funds Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.87	1.07	1.50	0.56	1.38

Rural Funds Group Inventory Turnover Calculation

Rural Funds Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	21.784	/ (	(8.281	+	16.148)	/	2 )
=	21.784	/	12.2145
=	1.78

Rural Funds Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	20.302	/ (	(16.148	+	13.331)	/	2 )
=	20.302	/	14.7395
=	1.38

Rural Funds Group (ASX:RFF) 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.

Rural Funds Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14.7395	/	20.302	*	365 / 2
	=	132.50

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.

Rural Funds Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14.7395	/	52.814
	=	0.28

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.

Rural Funds Group Inventory Turnover Related Terms

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Rural Funds Group (ASX:RFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Rural Funds Group (ASX:RFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RFNDF:USA

Address

2 King Street, Level 2, Deakin, Canberra, ACT, AUS, 2600

Website

https://www.ruralfunds.com.au

Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias, and Other. It generates maximum revenue from the Almonds segment.

Rural Funds Group (ASX:RFF) Headlines

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