Ainsworth Game Technology (Ainsworth Game Technology) Inventory Turnover : 0.65 (As of Dec. 2023)

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What is Ainsworth Game Technology 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. Ainsworth Game Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was $35.4 Mil. Ainsworth Game Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was $54.2 Mil. Ainsworth Game Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ainsworth Game Technology's Days Inventory for the six months ended in Dec. 2023 was 279.65.

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. Ainsworth Game Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.

Ainsworth Game Technology Inventory Turnover Historical Data

The historical data trend for Ainsworth Game Technology'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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Ainsworth Game Technology Inventory Turnover Chart

Ainsworth Game Technology Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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1.41

1.24

0.74

1.01

1.27

Ainsworth Game Technology 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															0.65	0.71	0.50	0.63	0.65

Ainsworth Game Technology Inventory Turnover Calculation

Ainsworth Game Technology's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	57.723	/ (	(42.902	+	47.998)	/	2 )
=	57.723	/	45.45
=	1.27

Ainsworth Game Technology'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 )
=	35.398	/ (	(59.885	+	48.597)	/	2 )
=	35.398	/	54.241
=	0.65

Ainsworth Game Technology (OTCPK:AINSF) 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.

Ainsworth Game Technology'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
	=	54.241	/	35.398	*	365 / 2
	=	279.65

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.

Ainsworth Game Technology'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 )
	=	54.241	/	71.201
	=	0.76

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.

Ainsworth Game Technology Inventory Turnover Related Terms

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Ainsworth Game Technology (Ainsworth Game Technology) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ainsworth Game Technology Ltd (OTCPK:AINSF) » Definitions » Inventory Turnover

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AGI:Australia

Address

10 Holker Street, Newington, Sydney, NSW, AUS, 2127

Website

https://www.agtslots.com

Ainsworth Game Technology is an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licence in all Australian states and territories, most North American jurisdictions, and several other countries. With the firm's domestic market share and earnings shrinking, the company has shifted focus to international operations, particularly the North American business.