Korvest (ASX:KOV) Inventory Turnover : 1.86 (As of Jun. 2024)

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What is Korvest 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. Korvest's Cost of Goods Sold for the six months ended in Jun. 2024 was A$31.4 Mil. Korvest's Average Total Inventories for the quarter that ended in Jun. 2024 was A$16.9 Mil. Korvest's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Korvest's Days Inventory for the six months ended in Jun. 2024 was 97.93.

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. Korvest's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.33.

Korvest Inventory Turnover Historical Data

The historical data trend for Korvest'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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Korvest Inventory Turnover Chart

Korvest Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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3.62

3.66

3.84

3.67

3.71

Korvest 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															1.63	1.72	1.85	1.86	1.86

Korvest Inventory Turnover Calculation

Korvest'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 )
=	62.623	/ (	(16.791	+	16.986)	/	2 )
=	62.623	/	16.8885
=	3.71

Korvest'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 )
=	31.401	/ (	(16.714	+	16.986)	/	2 )
=	31.401	/	16.85
=	1.86

Korvest (ASX:KOV) 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.

Korvest'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
	=	16.85	/	31.401	*	365 / 2
	=	97.93

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.

Korvest'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 )
	=	16.85	/	51.179
	=	0.33

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.

Korvest Inventory Turnover Related Terms

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Korvest Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Korvest Ltd (ASX:KOV) » Definitions » Inventory Turnover

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Address

580 Prospect Road, Kilburn, Adelaide, SA, AUS, 5084

Website

https://www.korvest.com.au

Korvest Ltd is an Australia-based company principally engaged in the industrial products manufacturing business. The activities of the Company consist of hot dip galvanizing, sheet metal fabrication, and the manufacture of cable and pipe support systems and fittings. The group has two reportable segments: The industrial products segment includes the manufacture of electrical and cable support systems, steel fabrication, and access systems which also includes the sale, hire, and repair of high torque tools, and the production segment which provides hot dip galvanizing services. The company drives a majority of its revenue from the Industrial products segment.

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