Atturra (ASX:ATA) Inventory Turnover : 39.61 (As of Jun. 2024)

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What is Atturra 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. Atturra's Cost of Goods Sold for the six months ended in Jun. 2024 was A$88.2 Mil. Atturra's Average Total Inventories for the quarter that ended in Jun. 2024 was A$2.2 Mil. Atturra's Inventory Turnover for the quarter that ended in Jun. 2024 was 39.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Atturra's Days Inventory for the six months ended in Jun. 2024 was 4.61.

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. Atturra's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Atturra Inventory Turnover Historical Data

The historical data trend for Atturra'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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Atturra Inventory Turnover Chart

Atturra Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

164.53

138.31

Atturra Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			-	-	89.40	42.44	39.61

Atturra Inventory Turnover Calculation

Atturra'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 )
=	164.311	/ (	(0.755	+	1.621)	/	2 )
=	164.311	/	1.188
=	138.31

Atturra's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	88.195	/ (	(2.832	+	1.621)	/	2 )
=	88.195	/	2.2265
=	39.61

Atturra (ASX:ATA) 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.

Atturra's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.2265	/	88.195	*	365 / 2
	=	4.61

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.

Atturra's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.2265	/	135.445
	=	0.02

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.

Atturra Inventory Turnover Related Terms

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Atturra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Atturra Ltd (ASX:ATA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Bond Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.atturra.com

Atturra Ltd is an IT services and consulting company, focused on providing end-to-end transformation services to its clients. The company's services include advisory and consulting, business applications, cloud services, data and integration, management control solutions and change management and adoption.