All Things Considered Group (AQSE:ATC) Inventory Turnover : 19.93 (As of Dec. 2023)

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What is All Things Considered 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. All Things Considered Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £13.10 Mil. All Things Considered Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.66 Mil. All Things Considered Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 19.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. All Things Considered Group's Days Inventory for the six months ended in Dec. 2023 was 9.16.

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. All Things Considered Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

All Things Considered Group Inventory Turnover Historical Data

The historical data trend for All Things Considered 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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All Things Considered Group Inventory Turnover Chart

All Things Considered Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

21.19

All Things Considered Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	19.93

All Things Considered Group Inventory Turnover Calculation

All Things Considered 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 )
=	13.921	/ (	(0	+	0.657)	/	1 )
=	13.921	/	0.657
=	21.19

All Things Considered 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 )
=	13.095	/ (	(0	+	0.657)	/	1 )
=	13.095	/	0.657
=	19.93

All Things Considered Group (AQSE:ATC) 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.

All Things Considered 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
	=	0.657	/	13.095	*	365 / 2
	=	9.16

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.

All Things Considered 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 )
	=	0.657	/	17.811
	=	0.04

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.

All Things Considered Group Inventory Turnover Related Terms

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All Things Considered Group (AQSE:ATC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » All Things Considered Group PLC (AQSE:ATC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

166-168 Camden Street, The Hat Factory, London, GBR, NW1 9PT

Website

https://www.atcgroupplc.com

All Things Considered Group PLC is a prominent independent UK music company. Its business focus is in the key commercial areas of the music industry encompassing live rights, live agency, production, artist management and investment and a range of other music artist services. The company's segment includes Artist representation and Services.