Wellnex Life (ASX:WNX) Inventory Turnover : 1.26 (As of Dec. 2023)

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What is Wellnex Life 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. Wellnex Life's Cost of Goods Sold for the six months ended in Dec. 2023 was A$5.01 Mil. Wellnex Life's Average Total Inventories for the quarter that ended in Dec. 2023 was A$3.99 Mil. Wellnex Life's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wellnex Life's Days Inventory for the six months ended in Dec. 2023 was 145.35.

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. Wellnex Life's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Wellnex Life Inventory Turnover Historical Data

The historical data trend for Wellnex Life'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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Wellnex Life Inventory Turnover Chart

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.70

0.62

1.68

5.66

6.30

Wellnex Life Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									2.06	1.66	1.97	2.40	1.26

Wellnex Life Inventory Turnover Calculation

Wellnex Life'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 )
=	23.138	/ (	(4.319	+	3.029)	/	2 )
=	23.138	/	3.674
=	6.30

Wellnex Life'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 )
=	5.008	/ (	(3.029	+	4.948)	/	2 )
=	5.008	/	3.9885
=	1.26

Wellnex Life (ASX:WNX) 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.

Wellnex Life'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
	=	3.9885	/	5.008	*	365 / 2
	=	145.35

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.

Wellnex Life'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 )
	=	3.9885	/	5.658
	=	0.70

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.

Wellnex Life Inventory Turnover Related Terms

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Wellnex Life (ASX:WNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellnex Life Ltd (ASX:WNX) » Definitions » Inventory Turnover

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22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wattlehealth.com.au

Wellnex Life Ltd is a health and wellness company which is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night and others.

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