Structural Monitoring Systems (ASX:SMN) Inventory Turnover : 0.46 (As of Jun. 2024)

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What is Structural Monitoring Systems 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. Structural Monitoring Systems's Cost of Goods Sold for the six months ended in Jun. 2024 was A$5.93 Mil. Structural Monitoring Systems's Average Total Inventories for the quarter that ended in Jun. 2024 was A$12.79 Mil. Structural Monitoring Systems's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Structural Monitoring Systems's Days Inventory for the six months ended in Jun. 2024 was 393.48.

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. Structural Monitoring Systems's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.87.

Structural Monitoring Systems Inventory Turnover Historical Data

The historical data trend for Structural Monitoring Systems'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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Structural Monitoring Systems Inventory Turnover Chart

Structural Monitoring Systems Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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1.54

1.16

0.88

0.89

0.97

Structural Monitoring Systems 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															0.39	0.48	0.45	0.59	0.46

Structural Monitoring Systems Inventory Turnover Calculation

Structural Monitoring Systems'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 )
=	13.292	/ (	(13.469	+	13.965)	/	2 )
=	13.292	/	13.717
=	0.97

Structural Monitoring Systems'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 )
=	5.934	/ (	(11.623	+	13.965)	/	2 )
=	5.934	/	12.794
=	0.46

Structural Monitoring Systems (ASX:SMN) 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.

Structural Monitoring Systems'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
	=	12.794	/	5.934	*	365 / 2
	=	393.48

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.

Structural Monitoring Systems'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 )
	=	12.794	/	14.662
	=	0.87

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.

Structural Monitoring Systems Inventory Turnover Related Terms

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Structural Monitoring Systems Business Description

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RJP:Germany

Address

1 Kyle Way, Suite 116, Claremont, Perth, WA, AUS, 6010

Website

https://www.smsystems.com.au

Structural Monitoring Systems PLC, through its subsidiaries, develops and commercializes Comparative Vacuum Monitoring technology. The company operates in the divisions namely CVM IP, Avionics/audio, and CVM. It generates maximum revenue from Avionics/audio segment. It has operations in Canada; USA; Europe and other countries.