Alight (Alight) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Alight 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. Alight's Cost of Goods Sold for the three months ended in Dec. 2023 was $591 Mil. Alight's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alight's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Alight's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Alight Inventory Turnover Historical Data

The historical data trend for Alight'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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Alight Inventory Turnover Chart

Alight Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Alight Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												-	-	-	-	-

Alight Inventory Turnover Calculation

Alight'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 )
=	2270	/ (	(0	+	0)	/	1 )
=	2270	/	0
=	N/A

Alight'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	591	/ (	(0	+	0)	/	1 )
=	591	/	0
=	N/A

Alight (NYSE:ALIT) 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.

Alight's Days Inventory for the three 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
	=	0	/	591	*	365 / 4
	=	0.00

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.

Alight'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 )
	=	0	/	960
	=	0.00

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.

Alight Inventory Turnover Related Terms

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Alight (Alight) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alight Inc (NYSE:ALIT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

A9L0:Germany

Address

4 Overlook Point, Lincolnshire, IL, USA, 60069

Website

https://www.alight.com

Alight Inc is a provider of integrated, cloud-based human capital solutions that empower clients and employees to manage health, wealth and HR needs. Geographically, the company generates a majority of its revenue from the United States.

Executives

Richard N Massey	director, officer: Chief Executive Officer	900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Blackstone Management Associates Vii Nq L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Bx Tempo Ml Holdco 1 L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Gregory A. George	officer: Chief Commercial Officer	4 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Kausik Rajgopal	director	4 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Lenore D Williams	director	601 RIVERSIDE AVE, JACKSONVILLE FL 32204
Martin Felli	officer: See Remarks	4 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Bx Tempo Ml Holdco 1 Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Capital Partners Vii.2 (ipo) Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Tempo Ml Holdco 2 L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Tempo Ml Holdco 2 Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Capital Partners Vii Nq L.p.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Foley William P Ii	director	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204