Simonds Group (ASX:SIO) Inventory Turnover : 11.21 (As of Dec. 2024)

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What is Simonds 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. Simonds Group's Cost of Goods Sold for the six months ended in Dec. 2024 was A$249.2 Mil. Simonds Group's Average Total Inventories for the quarter that ended in Dec. 2024 was A$22.2 Mil. Simonds Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 11.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simonds Group's Days Inventory for the six months ended in Dec. 2024 was 16.28.

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. Simonds Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.07.

Simonds Group Inventory Turnover Historical Data

The historical data trend for Simonds 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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Simonds Group Inventory Turnover Chart

Simonds Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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14.66

16.58

24.11

32.21

25.47

Simonds Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															17.89	15.69	5.78	5.31	11.21

Simonds Group Inventory Turnover Calculation

Simonds 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 )
=	525.07	/ (	(19.012	+	22.221)	/	2 )
=	525.07	/	20.6165
=	25.47

Simonds Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	249.204	/ (	(22.221	+	22.228)	/	2 )
=	249.204	/	22.2245
=	11.21

Simonds Group (ASX:SIO) 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.

Simonds Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	22.2245	/	249.204	*	365 / 2
	=	16.28

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.

Simonds Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	22.2245	/	318.115
	=	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.

Simonds Group Inventory Turnover Related Terms

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Simonds Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Simonds Group Ltd (ASX:SIO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

570 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

http://www.simondsgroup.com.au

Simonds Group Ltd is engaged in the design and construction of residential dwellings. Its operating segment includes Residential construction and Land development. The company generates maximum revenue from the Residential construction segment. Its Residential construction segment includes activities relating to contracts for residential home construction, speculative home building and the building of display home inventory. Geographically, it operates only in Australia.

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