PTB Group (ASX:PTB) Inventory Turnover : 0.64 (As of Jun. 2022)

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What is PTB 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. PTB Group's Cost of Goods Sold for the six months ended in Jun. 2022 was A$40.1 Mil. PTB Group's Average Total Inventories for the quarter that ended in Jun. 2022 was A$62.4 Mil. PTB Group's Inventory Turnover for the quarter that ended in Jun. 2022 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PTB Group's Days Inventory for the six months ended in Jun. 2022 was 284.16.

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. PTB Group's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.90.

PTB Group Inventory Turnover Historical Data

The historical data trend for PTB 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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PTB Group Inventory Turnover Chart

PTB Group Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

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1.00

1.35

1.20

0.81

1.22

PTB Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.35	0.49	0.58	0.64

PTB Group Inventory Turnover Calculation

PTB Group's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	71.195	/ (	(50.105	+	67.06)	/	2 )
=	71.195	/	58.5825
=	1.22

PTB Group's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	40.103	/ (	(57.823	+	67.06)	/	2 )
=	40.103	/	62.4415
=	0.64

PTB Group (ASX:PTB) 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.

PTB Group's Days Inventory for the six months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	62.4415	/	40.103	*	365 / 2
	=	284.16

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.

PTB Group's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	62.4415	/	69.229
	=	0.90

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.

PTB Group Inventory Turnover Related Terms

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PTB Group (ASX:PTB) Business Description

Industry

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Address

22 Orient Avenue, Pinkenba, Brisbane, QLD, AUS, 4008

Website

https://www.pacificturbine.com.au

PTB Group Ltd is engaged in the aviation business in Brisbane, Australia. It operates in business segments that are PTB, which specializes in PT6 and TPE331 Turboprop engines; PT USA, which specializes in PT6 Turboprop engines, it repairs and sells PT6 engines, maintains related engines under contract, and trades in related engine parts; PT Leasing, which is an aircraft and engine owner and leases aircraft and engines to operators under both operating and finance leases; IAP, which covers the operations of the IAP Group Australia Pty Ltd trading in aircraft, jet aircraft engines, airframes, and related parts. The PT USA segment generates maximum revenue for the company.

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