Intelligent Monitoring Group (ASX:IMB) Inventory Turnover : 7.47 (As of Jun. 2024)

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What is Intelligent Monitoring Group 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. Intelligent Monitoring Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$36.1 Mil. Intelligent Monitoring Group's Average Total Inventories for the quarter that ended in Jun. 2024 was A$4.8 Mil. Intelligent Monitoring Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Intelligent Monitoring Group's Days Inventory for the six months ended in Jun. 2024 was 24.43.

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. Intelligent Monitoring Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.07.

Intelligent Monitoring Group Inventory Turnover Historical Data

The historical data trend for Intelligent Monitoring Group'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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Intelligent Monitoring Group Inventory Turnover Chart

Intelligent Monitoring Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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569.80

211.50

166.16

46.30

21.67

Intelligent Monitoring Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															97.75	19.68	12.41	10.88	7.47

Intelligent Monitoring Group Inventory Turnover Calculation

Intelligent Monitoring Group'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 )
=	64.895	/ (	(0.82	+	5.169)	/	2 )
=	64.895	/	2.9945
=	21.67

Intelligent Monitoring Group'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 )
=	36.056	/ (	(4.483	+	5.169)	/	2 )
=	36.056	/	4.826
=	7.47

Intelligent Monitoring Group (ASX:IMB) 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.

Intelligent Monitoring Group'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
	=	4.826	/	36.056	*	365 / 2
	=	24.43

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.

Intelligent Monitoring Group'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 )
	=	4.826	/	66.094
	=	0.07

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.

Intelligent Monitoring Group Inventory Turnover Related Terms

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Intelligent Monitoring Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Intelligent Monitoring Group Ltd (ASX:IMB) » Definitions » Inventory Turnover

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Address

1 Tully Road, Suite 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.theimg.com.au

Intelligent Monitoring Group Ltd is engaged in the provision of security, monitoring and risk management services in Australia. The company provides security services such as security alarm monitoring and installations and security guarding services across Australia. The segments of the company include Monitoring, Protective Services, and Services. The company derives majority of revenue from Monitoring services. Geographically, it generates revenue from Australia.

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