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CTUNF (Clean Seas Seafood) Inventory-to-Revenue : 0.40 (As of Jun. 2024)


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What is Clean Seas Seafood Inventory-to-Revenue?

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. Clean Seas Seafood's Average Total Inventories for the quarter that ended in Jun. 2024 was $9.11 Mil. Clean Seas Seafood's Revenue for the six months ended in Jun. 2024 was $23.05 Mil. Clean Seas Seafood's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.40.

Clean Seas Seafood's Inventory-to-Revenue for the quarter that ended in Jun. 2024 declined from Dec. 2023 (0.40) to Dec. 2023 (0.40)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clean Seas Seafood's Days Inventory for the six months ended in Jun. 2024 was 79.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clean Seas Seafood's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.31.


Clean Seas Seafood Inventory-to-Revenue Historical Data

The historical data trend for Clean Seas Seafood's Inventory-to-Revenue 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.

* Premium members only.

Clean Seas Seafood Inventory-to-Revenue Chart

Clean Seas Seafood Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.22 0.15 0.14 0.16

Clean Seas Seafood Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.20 0.25 0.29 0.40 0.40

Competitive Comparison of Clean Seas Seafood's Inventory-to-Revenue

For the Farm Products subindustry, Clean Seas Seafood's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clean Seas Seafood's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Clean Seas Seafood's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Clean Seas Seafood's Inventory-to-Revenue falls into.



Clean Seas Seafood Inventory-to-Revenue Calculation

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.

Clean Seas Seafood's Inventory-to-Revenue for the fiscal year that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (A: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )
=( (7.511 + 7.373) / 2 ) / 45.685
=7.442 / 45.685
=0.16

Clean Seas Seafood's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (10.838 + 7.373) / 2 ) / 23.053
=9.1055 / 23.053
=0.39

* 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.


Clean Seas Seafood  (OTCPK:CTUNF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Clean Seas Seafood's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=9.1055/21.032*365 / 2
=79.01

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Clean Seas Seafood's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=21.032 / 9.1055
=2.31

* 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.


Clean Seas Seafood Inventory-to-Revenue Related Terms

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Clean Seas Seafood Business Description

Traded in Other Exchanges
Address
7 Frederick Road, Royal Park, Adelaide, SA, AUS, 5014
Clean Seas Seafood Ltd is engaged in full-cycle breeding, production, and sale of Yellowtail Kingfish. The company's primary operations involve propagating Spencer Gulf Yellowtail Kingfish, producing and selling fingerlings, and cultivating these fish for harvest and sale. Geographically, it derives a majority of its revenue from Australia and also has a presence in Europe and Other countries.