oOh media (ASX:OML) Inventory Turnover : 43.82 (As of Jun. 2024)

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What is oOh media 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. oOh media's Cost of Goods Sold for the six months ended in Jun. 2024 was A$94.0 Mil. oOh media's Average Total Inventories for the quarter that ended in Jun. 2024 was A$2.1 Mil. oOh media's Inventory Turnover for the quarter that ended in Jun. 2024 was 43.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. oOh media's Days Inventory for the six months ended in Jun. 2024 was 4.16.

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. oOh media's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

oOh media Inventory Turnover Historical Data

The historical data trend for oOh media'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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oOh media Inventory Turnover Chart

oOh media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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37.85

20.84

28.91

30.60

49.50

oOh media 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															18.25	19.28	20.10	35.38	43.82

oOh media Inventory Turnover Calculation

oOh media's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	216.161	/ (	(6.094	+	2.64)	/	2 )
=	216.161	/	4.367
=	49.50

oOh media'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 )
=	94.02	/ (	(2.64	+	1.651)	/	2 )
=	94.02	/	2.1455
=	43.82

oOh media (ASX:OML) 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.

oOh media'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
	=	2.1455	/	94.02	*	365 / 2
	=	4.16

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.

oOh media'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 )
	=	2.1455	/	288.322
	=	0.01

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.

oOh media Inventory Turnover Related Terms

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oOh media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » oOh media Ltd (ASX:OML) » Definitions » Inventory Turnover

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Address

73 Miller Street, Level 2, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.oohmedia.com.au

OOh media operates a network of out-of-home advertising sites with a commanding 40% share of the Australian market, and also has a large presence in New Zealand. It boasts a diverse portfolio of locations to service the needs of out-of-home marketers, and is particularly strong in the roadside billboard, street furniture and rail, and retail (shopping malls) segments. OOh!media offers these services by entering into space lease arrangements with owners of out-of-home sites, and extracting margins on those lease concessions from firms advertising on those sites. oOh!media is effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas.

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