Australian Dairy Nutritionals (ASX:AHF) Inventory Turnover : 1.56 (As of Dec. 2023)

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What is Australian Dairy Nutritionals 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. Australian Dairy Nutritionals's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.20 Mil. Australian Dairy Nutritionals's Average Total Inventories for the quarter that ended in Dec. 2023 was A$2.06 Mil. Australian Dairy Nutritionals's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Australian Dairy Nutritionals's Days Inventory for the six months ended in Dec. 2023 was 117.20.

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. Australian Dairy Nutritionals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Australian Dairy Nutritionals Inventory Turnover Historical Data

The historical data trend for Australian Dairy Nutritionals'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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Australian Dairy Nutritionals Inventory Turnover Chart

Australian Dairy Nutritionals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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20.59

15.07

15.75

11.83

3.09

Australian Dairy Nutritionals 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															4.58	4.60	0.73	1.71	1.56

Australian Dairy Nutritionals Inventory Turnover Calculation

Australian Dairy Nutritionals'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 )
=	4.834	/ (	(1.399	+	1.733)	/	2 )
=	4.834	/	1.566
=	3.09

Australian Dairy Nutritionals'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 )
=	3.203	/ (	(1.733	+	2.381)	/	2 )
=	3.203	/	2.057
=	1.56

Australian Dairy Nutritionals (ASX:AHF) 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.

Australian Dairy Nutritionals'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
	=	2.057	/	3.203	*	365 / 2
	=	117.20

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.

Australian Dairy Nutritionals'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 )
	=	2.057	/	3.691
	=	0.56

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.

Australian Dairy Nutritionals Inventory Turnover Related Terms

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Australian Dairy Nutritionals (ASX:AHF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Australian Dairy Nutritionals Ltd (ASX:AHF) » Definitions » Inventory Turnover

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Address

160 Depot Road, Camperdown, Sydney, VIC, AUS, 3260

Website

https://www.adfl.com.au

Australian Dairy Nutritionals Ltd is a vertically integrated dairy producer in Australia. The company's operating segment includes Nutritional Powders and Dairy Processing. It generates maximum revenue from the Dairy Processing segment. Dairy Processing segment includes the processing and sale of dairy products to domestic markets. The Dairy Farms segment includes the ownership and operation of dairy farms and dairy livestock for the production and sale of fresh raw milk for conversion to milk and milk products. Its product portfolio includes Milk; Yoghurt; Butter and Stockist. Geographically, it derives a majority of its revenue from Australia.

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