iiNET (ASX:IIN) Inventory Turnover : 22.07 (As of Jun. 2015)

View and export this data going back to . Start your Free Trial

What is iiNET 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. iiNET's Cost of Goods Sold for the six months ended in Jun. 2015 was A$346 Mil. iiNET's Average Total Inventories for the quarter that ended in Jun. 2015 was A$16 Mil. iiNET's Inventory Turnover for the quarter that ended in Jun. 2015 was 22.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iiNET's Days Inventory for the six months ended in Jun. 2015 was 8.27.

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. iiNET's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.03.

iiNET Inventory Turnover Historical Data

The historical data trend for iiNET'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.

* Premium members only.

iiNET Inventory Turnover Chart

iiNET Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Inventory Turnover

Get a 7-Day Free Trial

148.26

78.30

37.98

34.82

47.06

iiNET Semi-Annual Data
	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Inventory Turnover	Get a 7-Day Free Trial															16.75	15.55	19.75	18.26	22.07

iiNET Inventory Turnover Calculation

iiNET's Inventory Turnover for the fiscal year that ended in Jun. 2015 is calculated as

	Inventory Turnover (A: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2015 )	/ (	(Total Inventories (A: Jun. 2014 )	+	Total Inventories (A: Jun. 2015 ))	/	count )
=	625.081	/ (	(12.887	+	13.676)	/	2 )
=	625.081	/	13.2815
=	47.06

iiNET's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	346.012	/ (	(17.678	+	13.676)	/	2 )
=	346.012	/	15.677
=	22.07

iiNET (ASX:IIN) 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.

iiNET's Days Inventory for the six months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	15.677	/	346.012	*	365 / 2
	=	8.27

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.

iiNET's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	15.677	/	570.933
	=	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.

iiNET Inventory Turnover Related Terms

Thank you for viewing the detailed overview of iiNET's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

iiNET (ASX:IIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » iiNET Ltd (ASX:IIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.iinet.net.au

iiNET Limited (IIN) was established in 1993 to deliver Internet access services to Western Australia. iiNet has 700,000 customers across Australia, NZ and Capetown. Internet and communication services offered include dialup, broadband and phone.