Audinate Group (ASX:AD8) Inventory Turnover : 1.00 (As of Dec. 2024)

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What is Audinate 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. Audinate Group's Cost of Goods Sold for the six months ended in Dec. 2024 was A$5.04 Mil. Audinate Group's Average Total Inventories for the quarter that ended in Dec. 2024 was A$5.02 Mil. Audinate Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Audinate Group's Days Inventory for the six months ended in Dec. 2024 was 181.92.

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. Audinate Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.17.

Audinate Group Inventory Turnover Historical Data

The historical data trend for Audinate 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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Audinate Group Inventory Turnover Chart

Audinate Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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4.12

4.49

3.14

3.16

3.94

Audinate Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											1.53	1.66	2.03	1.82	1.00

Audinate Group Inventory Turnover Calculation

Audinate Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	23.524	/ (	(6.707	+	5.233)	/	2 )
=	23.524	/	5.97
=	3.94

Audinate Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	5.037	/ (	(5.233	+	4.809)	/	2 )
=	5.037	/	5.021
=	1.00

Audinate Group (ASX:AD8) 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.

Audinate Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	5.021	/	5.037	*	365 / 2
	=	181.92

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.

Audinate Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	5.021	/	28.722
	=	0.17

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.

Audinate Group Inventory Turnover Related Terms

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Audinate Group Business Description

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AUDGF:USA

Address

64 Kippax Street, Level 7, Surry Hills, NSW, AUS, 2010

Website

https://www.audinate.com

Audinate is a founder-led networking technology company for the professional AV industry. Audinate's Dante protocol is the world's most widely used protocol for digital audio networking. Nearly 500 OEM brands license the Dante protocol for over 4,000 products. Audinate has also started offering digital networking solutions for video equipment.

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