Site Group International (ASX:SIT) Inventory Turnover : 86.40 (As of Jun. 2024)

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What is Site Group International 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. Site Group International's Cost of Goods Sold for the six months ended in Jun. 2024 was A$0.86 Mil. Site Group International's Average Total Inventories for the quarter that ended in Jun. 2024 was A$0.01 Mil. Site Group International's Inventory Turnover for the quarter that ended in Jun. 2024 was 86.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Site Group International's Days Inventory for the six months ended in Jun. 2024 was 2.11.

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. Site Group International's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Site Group International Inventory Turnover Historical Data

The historical data trend for Site Group International'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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Site Group International Inventory Turnover Chart

Site Group International Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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205.06

83.12

101.38

95.33

115.07

Site Group International 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															77.53	-	95.44	-	86.40

Site Group International Inventory Turnover Calculation

Site Group International'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 )
=	0.863	/ (	(0.007	+	0.008)	/	2 )
=	0.863	/	0.0075
=	115.07

Site Group International'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 )
=	0.864	/ (	(0.012	+	0.008)	/	2 )
=	0.864	/	0.01
=	86.40

Site Group International (ASX:SIT) 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.

Site Group International'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
	=	0.01	/	0.864	*	365 / 2
	=	2.11

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.

Site Group International'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 )
	=	0.01	/	3.583
	=	0.00

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.

Site Group International Inventory Turnover Related Terms

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Site Group International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Site Group International Ltd (ASX:SIT) » Definitions » Inventory Turnover

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Address

488 Queen Street, Level 2, Brisbane, QLD, AUS, 4000

Website

https://www.site.edu.au

Site Group International Ltd is engaged in education services in Australia and internationally. It delivers workforce solutions across a variety of industries to both retail and corporate clients. Its segments include Site Skills Training - International, which operates a facility at Clark Freeport Zone in the Philippines, Energy Services, which refers to the establishment of specialised energy training and services, and Tertiary Education, which delivers Diploma and certificate level courses at Site's campuses in Australia. It provides vocational training and assessment services for candidates in the mining and processing, oil and gas, construction, camp services, hospitality, and logistics sectors. The majority of revenue is derived from Site Skills Training.

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