Regional Express Holdings (ASX:REX) Inventory Turnover: 10.82 (As of Dec. 2023)


ASX:REX Regional Express Holdings Ltd ASX:REX
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What is Regional Express Holdings Inventory Turnover?

Regional Express Holdings ASX:REX 4 Inventory Turnover is 10.82 as of Dec. 2023. GuruFocus rates ASX:REX with a GF Score™ of 4/100.

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. Regional Express Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$154.9 Mil. Regional Express Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was A$14.3 Mil. Regional Express Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Regional Express Holdings's Days Inventory for the six months ended in Dec. 2023 was 16.86.

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. Regional Express Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Regional Express Holdings  (ASX:REX) 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.

Regional Express Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=14.311/154.863*365 / 2
=16.86

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.

Regional Express Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=14.311 / 346.612
=0.04

* 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.

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.

Regional Express Holdings Inventory Turnover Related Terms

Regional Express Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Regional Express Holdings'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.

Regional Express Holdings Inventory Turnover Chart

Regional Express Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.96 7.80 7.24 13.62 16.57

Regional Express Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.45 9.58 15.75 7.63 10.82
ASX:REX
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Regional Express Holdings Ltd ASX:REX
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Regional Express Holdings Inventory Turnover Calculation

Regional Express Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=283.409 / ((9.468 + 24.73) / 2 )
=283.409 / 17.099
=16.57

Regional Express Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=154.863 / ((24.73 + 3.892) / 2 )
=154.863 / 14.311
=10.82

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 10.82 mean?
Regional Express Holdings (ASX:REX) has a Inventory Turnover of 10.82 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Regional Express Holdings and its competitors.
Is Regional Express Holdings' Inventory Turnover too high?
Regional Express Holdings' current Inventory Turnover is 10.82. Overall, Regional Express Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Regional Express Holdings' Inventory Turnover compare to DAL and LUV?
Regional Express Holdings' Inventory Turnover of 10.82 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Transportation company?
A good Inventory Turnover depends on the Transportation industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Regional Express Holdings and its competitors. Regional Express Holdings's current Inventory Turnover is 10.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regional Express Holdings stock overvalued right now?
Regional Express Holdings (ASX:REX) has a current Inventory Turnover of 10.82. The current Inventory Turnover is 10.82. Regional Express Holdings' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Regional Express Holdings (ASX:REX), the current Inventory Turnover is 10.82 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Regional Express Holdings Business Description

Address 81-83 Baxter Road, Mascot, Sydney, NSW, AUS, 2020
Regional Express Holdings Ltd is an Australian-based airline company. The company is engaged in the provision of air services for the transportation of passengers and freight. Its operating segment includes Regular public transport, Charter and other, and Training. The company generates maximum revenue from the Regular public transport segment. Some of its services include Web Check-in; Print Invoices; Safe Hand Baggage; Travel Insurance and others.
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