Tyro Payments (ASX:TYR) Inventory Turnover : 71.04 (As of Dec. 2023)

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What is Tyro Payments 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. Tyro Payments's Cost of Goods Sold for the six months ended in Dec. 2023 was A$128.8 Mil. Tyro Payments's Average Total Inventories for the quarter that ended in Dec. 2023 was A$1.8 Mil. Tyro Payments's Inventory Turnover for the quarter that ended in Dec. 2023 was 71.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tyro Payments's Days Inventory for the six months ended in Dec. 2023 was 2.57.

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. Tyro Payments's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Tyro Payments Inventory Turnover Historical Data

The historical data trend for Tyro Payments'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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Tyro Payments Inventory Turnover Chart

Tyro Payments Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

1,953.33

1,266.73

664.59

194.30

Tyro Payments Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				489.36	322.66	127.71	67.11	71.04

Tyro Payments Inventory Turnover Calculation

Tyro Payments'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 )
=	234.621	/ (	(0.388	+	2.027)	/	2 )
=	234.621	/	1.2075
=	194.30

Tyro Payments'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 )
=	128.756	/ (	(2.027	+	1.598)	/	2 )
=	128.756	/	1.8125
=	71.04

Tyro Payments (ASX:TYR) 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.

Tyro Payments'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
	=	1.8125	/	128.756	*	365 / 2
	=	2.57

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.

Tyro Payments'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 )
	=	1.8125	/	236.656
	=	0.01

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.

Tyro Payments Inventory Turnover Related Terms

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Tyro Payments (ASX:TYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tyro Payments Ltd (ASX:TYR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

18/55 Market Street, Sydney, NSW, AUS, 2000

Website

https://www.tyro.com

Tyro Payments is an Australian financial technology company engaged in providing routing payments solutions and business banking products to merchants. The firm mainly caters to small to medium-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. Tyro's value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro's historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.

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