ALS (ASX:ALQ) Inventory Turnover: 2.66 (As of Mar. 2026)

ALS ASX:ALQ -0.78% 88 Inventory Turnover is 2.66 as of Mar. 2026. GuruFocus rates ASX:ALQ with a GF Score™ of 88/100 and a GF Value™ of A$18.99 (Modestly Overvalued).

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. ALS's Cost of Goods Sold for the six months ended in Mar. 2026 was A$341 Mil. ALS's Average Total Inventories for the quarter that ended in Mar. 2026 was A$128 Mil. ALS's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ALS's Days Inventory for the six months ended in Mar. 2026 was 68.69.

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. ALS's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.08.

ALS (ASX:ALQ) 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.

ALS's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	128.35	/	341	*	365 / 2
	=	68.69

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.

ALS's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	128.35	/	1660.5
	=	0.08

* 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.

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.

ALS Inventory Turnover Related Terms

ALS Inventory Turnover Historical Data

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The historical data trend for ALS's Inventory Turnover can be seen below:

ALS Inventory Turnover Chart

ALS Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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3.36

2.92

2.54

2.56

2.66

ALS Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															2.51	0.00	2.53	0.00	2.66

88GF Score

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Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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ALS Inventory Turnover Calculation

ALS's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	341	/ (	(130.1	+	126.1)	/	2 )
=	341	/	128.1
=	2.66

ALS's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Sep. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	341	/ (	(130.6	+	126.1)	/	2 )
=	341	/	128.35
=	2.66

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.66 mean?

ALS (ASX:ALQ) has a Inventory Turnover of 2.66 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ALS and its competitors.

Is ALS's Inventory Turnover too high?

ALS's current Inventory Turnover is 2.66. Overall, ALS has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does ALS's Inventory Turnover compare to VRSK and EFX?

ALS's Inventory Turnover of 2.66 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Business Services company?

A good Inventory Turnover depends on the Business Services industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ALS and its competitors. ALS's current Inventory Turnover is 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ALS stock overvalued right now?

Based on GuruFocus' analysis, ALS (ASX:ALQ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$18.99, compared to a current price of A$22.85 — trading 20.3% above its estimated fair value. The current Inventory Turnover is 2.66. ALS's overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For ALS (ASX:ALQ), the current Inventory Turnover is 2.66 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ALS (ASX:ALQ) Overvalued in 2026?

Based on GuruFocus' analysis, ALS stock appears to be overvalued. The current stock price of A$22.85 is trading 20.3% above its estimated GF Value™ of A$18.99. GuruFocus considers ALS to be Modestly Overvalued.

Key valuation signals for ASX:ALQ:

Inventory Turnover: 2.66
GF Value™: A$18.99 vs. price of A$22.85 (20.3% above fair value)
GF Score™: 88/100

No single metric tells the full story. See the ASX:ALQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ALS Business Description

Industry Industrials Business Services

Comparable Companies ASX:SCP LSE:EXPN VRSK XSWX:SGSN EFX XPAR:BVI BAH TSE:6532 XSWX:DKSH FCN SZSE:300012 XPAR:IPS SZSE:002967 HURN ICFI CRAI SHSE:603060 LSE:DATA BOM:543398 TSE:9757

Other Exchanges CPBLF:USA CP4:Germany

Address 25 King Street, Level 9B, Bowen Hills, Brisbane, QLD, AUS, 4006

Website https://www.alsglobal.com

Founded in the 1880s and listed on the ASX in 1952, ALS operates two divisions: commodities and life sciences. ALS commodities traditionally generated the majority of underlying earnings, providing geochemistry, metallurgy, inspection, and mine site services for the global mining industry. Expansion into environmental, pharmaceutical, and food testing areas has lessened earnings exposure to commodities.

88GF Score

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A$22.85

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A$18.99

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