Irish Continental Group (Irish Continental Group) Inventory Turnover

: 25.10 (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. Irish Continental Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $113.2 Mil. Irish Continental Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $4.5 Mil. Irish Continental Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Irish Continental Group's Days Inventory for the six months ended in Dec. 2023 was 7.27.

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. Irish Continental Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Irish Continental Group Inventory Turnover Historical Data

The historical data trend for Irish Continental 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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Irish Continental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

27.38

36.32

36.58

30.50

33.06

Irish Continental 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																21.03	8.43	17.88	9.76	25.10

Irish Continental Group Inventory Turnover Calculation

Irish Continental Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	163.141	/ (	(5.508	+	4.362)	/	2 )
=	163.141	/	4.935
=	33.06

Irish Continental 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 )
=	113.195	/ (	(4.659	+	4.362)	/	2 )
=	113.195	/	4.5105
=	25.10

Irish Continental Group (OTCPK:IRCUF) 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.

Irish Continental 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
	=	4.5105	/	113.195	*	365 / 2
	=	7.27

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.

Irish Continental 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 )
	=	4.5105	/	335.878
	=	0.01

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.

Irish Continental Group Inventory Turnover Related Terms

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Irish Continental Group (Irish Continental Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Irish Continental Group PLC (OTCPK:IRCUF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IR5B:Ireland ICGC:UK IR5B:Germany

Address

Alexandra Road, Ferryport, Dublin 1, IRL, D01W2F5

Website

https://www.icg.ie

Irish Continental Group PLC is a transportation and logistics company domiciled in Ireland. The company organizes itself into two segments: ferries and containers & terminals. The ferries segment transports passengers and vehicles on roll-on/roll-off ferries and chartering vessels. The containers and terminal segment transports cargo and provides stevedoring and other related terminal services. Its geographical segments are Ireland, United Kingdom, Netherlands, Belgium, France, and Others.

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