Emeco Holdings (Emeco Holdings) Inventory Turnover

: 12.66 (As of Dec. 2023)

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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. Emeco Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $178.8 Mil. Emeco Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $14.1 Mil. Emeco Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 12.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Emeco Holdings's Days Inventory for the six months ended in Dec. 2023 was 14.42.

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. Emeco Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Emeco Holdings Inventory Turnover Historical Data

The historical data trend for Emeco Holdings'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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Emeco Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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31.23

19.15

15.24

13.75

15.95

Emeco Holdings 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															11.11	4.13	12.05	5.05	12.66

Emeco Holdings Inventory Turnover Calculation

Emeco Holdings'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 )
=	267.281	/ (	(17.787	+	15.728)	/	2 )
=	267.281	/	16.7575
=	15.95

Emeco Holdings'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 )
=	178.765	/ (	(15.728	+	12.522)	/	2 )
=	178.765	/	14.125
=	12.66

Emeco Holdings (OTCPK:EOHDF) 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.

Emeco Holdings'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
	=	14.125	/	178.765	*	365 / 2
	=	14.42

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.

Emeco Holdings'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 )
	=	14.125	/	290.847
	=	0.05

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.

Emeco Holdings Inventory Turnover Related Terms

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Emeco Holdings (Emeco Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Emeco Holdings Ltd (OTCPK:EOHDF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

E3A:Germany EHL:Australia

Address

133 Hasler Road, Level 3, Osborne Park, Perth, WA, AUS, 6017

Website

https://www.emecogroup.com

Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are Australian Rental that provides a wide range of earthmoving equipment to customers in Australia, Australian Workshops which is engaged in providing maintenance services to customers in Australia and Pit N Portal which provides a range of mining services solutions and associated services to customers in Australia.. The company generates a majority of its revenue from the Australian Rental Segment. Geographically, it generates a majority of its revenue from Australia.

Emeco Holdings (Emeco Holdings) Headlines

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