Wiseway Group (ASX:WWG) Inventory Turnover : 400.57 (As of Dec. 2024)

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What is Wiseway Group 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. Wiseway Group's Cost of Goods Sold for the six months ended in Dec. 2024 was A$59.7 Mil. Wiseway Group's Average Total Inventories for the quarter that ended in Dec. 2024 was A$0.1 Mil. Wiseway Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 400.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wiseway Group's Days Inventory for the six months ended in Dec. 2024 was 0.46.

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. Wiseway Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

Wiseway Group Inventory Turnover Historical Data

The historical data trend for Wiseway Group'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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Wiseway Group Inventory Turnover Chart

Wiseway Group Annual Data

Trend

Jun18

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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622.66

793.11

592.40

410.55

540.51

Wiseway Group Semi-Annual Data
	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial								207.77	239.29	231.33	254.77	400.57

Wiseway Group Inventory Turnover Calculation

Wiseway Group'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 )
=	74.86	/ (	(0.128	+	0.149)	/	2 )
=	74.86	/	0.1385
=	540.51

Wiseway Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	59.685	/ (	(0.149	+	0.149)	/	2 )
=	59.685	/	0.149
=	400.57

Wiseway Group (ASX:WWG) 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.

Wiseway Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.149	/	59.685	*	365 / 2
	=	0.46

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.

Wiseway Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.149	/	83.259
	=	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.

Wiseway Group Inventory Turnover Related Terms

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Wiseway Group Business Description

Industry

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Address

39-43 Warren Avenue, Bankstown, Sydney, NSW, AUS, 2200

Website

https://www.wiseway.com.au

Wiseway Group Ltd operates as a freight forwarding company in Australia. It provides movement and logistics of goods by freight to cater to the needs of those interstate or overseas. Its main source of revenue is from freight forwarding services, which may include general cargo, time-sensitive perishables cargo, and domestic transport services. The dominating revenue is generated from the air freight general cargo services. Geographically, the company derives a majority of its revenue from Australia and New Zealand and the rest from China, Singapore, and the United States of America.

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