Schaffer (ASX:SFC) Inventory Turnover : 1.54 (As of Dec. 2023)

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What is Schaffer 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. Schaffer's Cost of Goods Sold for the six months ended in Dec. 2023 was A$84.1 Mil. Schaffer's Average Total Inventories for the quarter that ended in Dec. 2023 was A$54.5 Mil. Schaffer's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schaffer's Days Inventory for the six months ended in Dec. 2023 was 118.14.

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. Schaffer's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Schaffer Inventory Turnover Historical Data

The historical data trend for Schaffer'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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Schaffer Inventory Turnover Chart

Schaffer Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.51

2.76

3.30

2.72

2.52

Schaffer 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															1.15	1.38	1.02	1.15	1.54

Schaffer Inventory Turnover Calculation

Schaffer'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 )
=	138.802	/ (	(51.594	+	58.715)	/	2 )
=	138.802	/	55.1545
=	2.52

Schaffer'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 )
=	84.13	/ (	(58.715	+	50.208)	/	2 )
=	84.13	/	54.4615
=	1.54

Schaffer (ASX:SFC) 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.

Schaffer'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
	=	54.4615	/	84.13	*	365 / 2
	=	118.14

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.

Schaffer'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 )
	=	54.4615	/	108.002
	=	0.50

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.

Schaffer Inventory Turnover Related Terms

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Schaffer (ASX:SFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Schaffer Corp Ltd (ASX:SFC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

1305 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.schaffer.com.au

Schaffer Corp Ltd engages in the business of automotive leather manufacturing. The firm operates through the following segments: The Automotive Leather segment which generates majority revenue for the company manufactures and supplies leather in the automotive industries. The Building Materials segment produces and sells concrete paving, pre-cast, and pre-stressed concrete elements. The Group Investments segment includes syndicated property investments and investment property and includes the leasing office and retail properties. Its geographical segments include Europe, Asia, and Australia of which the majority of the revenue derives from Europe.

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