Adacel Technologies (ASX:ADA) Inventory Turnover : 7.11 (As of Dec. 2023)

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What is Adacel Technologies 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. Adacel Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4.13 Mil. Adacel Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.58 Mil. Adacel Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adacel Technologies's Days Inventory for the six months ended in Dec. 2023 was 25.66.

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. Adacel Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Adacel Technologies Inventory Turnover Historical Data

The historical data trend for Adacel Technologies'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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Adacel Technologies Inventory Turnover Chart

Adacel Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.14

5.76

7.01

4.35

5.80

Adacel Technologies 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															0.98	2.17	2.48	3.66	7.11

Adacel Technologies Inventory Turnover Calculation

Adacel Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	6.177	/ (	(1.477	+	0.654)	/	2 )
=	6.177	/	1.0655
=	5.80

Adacel Technologies'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 )
=	4.132	/ (	(0.654	+	0.508)	/	2 )
=	4.132	/	0.581
=	7.11

Adacel Technologies (ASX:ADA) 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.

Adacel Technologies'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
	=	0.581	/	4.132	*	365 / 2
	=	25.66

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.

Adacel Technologies'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 )
	=	0.581	/	19.525
	=	0.03

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.

Adacel Technologies Inventory Turnover Related Terms

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Adacel Technologies (ASX:ADA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Adacel Technologies Ltd (ASX:ADA) » Definitions » Inventory Turnover

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AELTF:USA

Address

3 Westside Avenue, Unit 29, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.adacel.com

Adacel Technologies Ltd develops and sells simulation and control systems. The company's operating segment includes Systems and Services. It generates maximum revenue from the Services segment. The Services segment includes software maintenance and all aspects of system support, field services, and on-site technical services. Its Systems segment includes operational air traffic management as well as simulation and training applications. Geographically, it derives a majority of its revenue from Canada and also has a presence in the USA Estonia and Australia.

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