Samarkand Group (AQSE:SMK) Inventory Turnover : 1.34 (As of Sep. 2023)

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What is Samarkand 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. Samarkand Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £3.21 Mil. Samarkand Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £2.39 Mil. Samarkand Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Samarkand Group's Days Inventory for the six months ended in Sep. 2023 was 136.11.

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. Samarkand Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.29.

Samarkand Group Inventory Turnover Historical Data

The historical data trend for Samarkand 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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Samarkand Group Inventory Turnover Chart

Samarkand Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

2.75

5.57

2.95

2.63

Samarkand Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial			1.13	1.42	1.20	1.66	1.34

Samarkand Group Inventory Turnover Calculation

Samarkand 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 )
=	7.815	/ (	(3.72	+	2.212)	/	2 )
=	7.815	/	2.966
=	2.63

Samarkand 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 )
=	3.208	/ (	(2.212	+	2.573)	/	2 )
=	3.208	/	2.3925
=	1.34

Samarkand Group (AQSE:SMK) 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.

Samarkand 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
	=	2.3925	/	3.208	*	365 / 2
	=	136.11

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.

Samarkand 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 )
	=	2.3925	/	8.132
	=	0.29

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.

Samarkand Group Inventory Turnover Related Terms

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Samarkand Group (AQSE:SMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Samarkand Group PLC (AQSE:SMK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Path, Unit 13 and 14 Nelson Trading Estate, Merton, London, GBR, SW19 3BL

Website

https://www.samarkand.global

Samarkand Group PLC is the cross-border eCommerce technology and retail group focusing on connecting Western Brands with China. It has developed a proprietary software platform, the Nomad, which is integrated across eCommerce platforms, payments, logistics, social media, and customs. The core products include Nomad Checkout, Nomad Storefront, and Nomad Distribution. The Group has one reportable segment with three revenue streams, being Brand Ownership, Nomad Technology, and Distribution business units engaged in the B2B and B2C sale of products and eCommerce technology solutions for Western brands and retailers selling in China. Its revenues are mainly generated in the UK, China, and the Rest of the World.

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