East 33 (ASX:E33) Inventory Turnover : 3.35 (As of Dec. 2023)

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What is East 33 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. East 33's Cost of Goods Sold for the six months ended in Dec. 2023 was A$6.99 Mil. East 33's Average Total Inventories for the quarter that ended in Dec. 2023 was A$2.09 Mil. East 33's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. East 33's Days Inventory for the six months ended in Dec. 2023 was 54.51.

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. East 33's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

East 33 Inventory Turnover Historical Data

The historical data trend for East 33'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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East 33 Inventory Turnover Chart

East 33 Annual Data

Trend

Jun22

Jun23

Inventory Turnover

70.28

55.76

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			1.09	2.83	5.49	5.28	3.35

East 33 Inventory Turnover Calculation

East 33'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 )
=	13.941	/ (	(0.235	+	0.265)	/	2 )
=	13.941	/	0.25
=	55.76

East 33'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 )
=	6.989	/ (	(0.265	+	3.91)	/	2 )
=	6.989	/	2.0875
=	3.35

East 33 (ASX:E33) 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.

East 33'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
	=	2.0875	/	6.989	*	365 / 2
	=	54.51

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.

East 33'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 )
	=	2.0875	/	11.753
	=	0.18

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.

East 33 Inventory Turnover Related Terms

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East 33 (ASX:E33) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Sundry units involved in selling liquor to retail customers, provision restaurant services, online sales of oysters and complimentary products in Australia.

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