Scholium Group (LSE:SCHO) Inventory Turnover : 0.23 (As of Sep. 2023)

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What is Scholium 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. Scholium Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £2.32 Mil. Scholium Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £10.04 Mil. Scholium Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scholium Group's Days Inventory for the six months ended in Sep. 2023 was 788.03.

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. Scholium Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 2.62.

Scholium Group Inventory Turnover Historical Data

The historical data trend for Scholium 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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Scholium Group Inventory Turnover Chart

Scholium Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.50

0.38

0.54

0.58

Scholium Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.29	0.27	0.29	0.30	0.23

Scholium Group Inventory Turnover Calculation

Scholium Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	5.613	/ (	(9.584	+	9.812)	/	2 )
=	5.613	/	9.698
=	0.58

Scholium Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.324	/ (	(9.812	+	10.258)	/	2 )
=	2.324	/	10.035
=	0.23

Scholium Group (LSE:SCHO) 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.

Scholium Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	10.035	/	2.324	*	365 / 2
	=	788.03

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.

Scholium Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	10.035	/	3.835
	=	2.62

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.

Scholium Group Inventory Turnover Related Terms

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Scholium Group (LSE:SCHO) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Scholium Group PLC (LSE:SCHO) » Definitions » Inventory Turnover

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Address

106 New Bond Street, London, GBR, W1S 1DN

Website

https://www.scholiumgroup.com

Scholium Group PLC is engaged in trading and retailing of rare and antiquarian books and works on paper in the United Kingdom. The company also trades with other third-party dealers in the broader arts and collectibles business through its subsidiary. It operates through two businesses namely Shapero Rare Books, a dealer in rare and collectible antiquarian books and works on paper with special expertise in Natural History, Russian and Travel books and is also developing Shapero Modern brand dealing in modern and contemporary prints and editions; and Scholium Trading that works alongside art dealers in the broader rare and collectibles market. All the company's revenue is generated from the United Kingdom.