Top Shelf International Holdings (ASX:TSI) Inventory Turnover: 0.63 (As of Jun. 2024)


What is Top Shelf International Holdings Inventory Turnover?

Top Shelf International Holdings ASX:TSI Inventory Turnover is 0.63 as of Jun. 2024.

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. Top Shelf International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was A$8.72 Mil. Top Shelf International Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was A$13.90 Mil. Top Shelf International Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Top Shelf International Holdings's Days Inventory for the six months ended in Jun. 2024 was 291.01.

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. Top Shelf International Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.22.

Top Shelf International Holdings  (ASX:TSI) 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.

Top Shelf International Holdings'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
=13.9045/8.72*365 / 2
=291.01

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.

Top Shelf International Holdings'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 )
=13.9045 / 11.419
=1.22

* 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.

Top Shelf International Holdings Inventory Turnover Related Terms

Top Shelf International Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Top Shelf International 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.

Top Shelf International Holdings Inventory Turnover Chart

Top Shelf International Holdings Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Inventory Turnover
0.00 1.60 2.05 1.86 1.68

Top Shelf International Holdings Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 1.25 0.66 1.06 0.76 0.63

Top Shelf International Holdings Inventory Turnover Calculation

Top Shelf International Holdings'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 )
=19.473 / ((11.856 + 11.271) / 2 )
=19.473 / 11.5635
=1.68

Top Shelf International Holdings'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 )
=8.72 / ((16.538 + 11.271) / 2 )
=8.72 / 13.9045
=0.63

* 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 0.63 mean?
Top Shelf International Holdings (ASX:TSI) has a Inventory Turnover of 0.63 as of Jun. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Top Shelf International Holdings and its competitors.
Is Top Shelf International Holdings' Inventory Turnover too high?
Top Shelf International Holdings' current Inventory Turnover is 0.63.
How does Top Shelf International Holdings' Inventory Turnover compare to TAP?
Top Shelf International Holdings' Inventory Turnover of 0.63 can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Inventory Turnover depends on the Beverages - Alcoholic 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 Top Shelf International Holdings and its competitors. Top Shelf International Holdings's current Inventory Turnover is 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Shelf International Holdings stock overvalued right now?
Top Shelf International Holdings (ASX:TSI) has a current Inventory Turnover of 0.63. The current Inventory Turnover is 0.63. 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 Top Shelf International Holdings (ASX:TSI), the current Inventory Turnover is 0.63 as of Jun. 2024. 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.

Top Shelf International Holdings Business Description

Address 16-18 National Boulevard, Campbellfield, VIC, AUS, 3061
Top Shelf International Holdings Ltd is a beverages manufacturer and distributor in Australia. The company's beverage manufacturing capability includes spirit distillation, maturation, mixing, carbonation along with canning and glass and PET bottling lines for supply into domestic and international markets of non-alcoholic and alcoholic beverages.