John Wood Group (CHIX:WGL) Inventory Turnover : 160.75 (As of Dec. 2023)

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What is John Wood 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. John Wood Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £2,034 Mil. John Wood Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £13 Mil. John Wood Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 160.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. John Wood Group's Days Inventory for the six months ended in Dec. 2023 was 1.14.

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. John Wood Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

John Wood Group Inventory Turnover Historical Data

The historical data trend for John Wood 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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John Wood Group Inventory Turnover Chart

John Wood Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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611.36

510.74

339.07

375.44

374.76

John Wood Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															167.69	127.59	159.31	194.13	160.75

John Wood Group Inventory Turnover Calculation

John Wood Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	4120.482	/ (	(9.113	+	12.877)	/	2 )
=	4120.482	/	10.995
=	374.76

John Wood Group'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 )
=	2034.329	/ (	(12.434	+	12.877)	/	2 )
=	2034.329	/	12.6555
=	160.75

John Wood Group (CHIX:WGl) 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.

John Wood Group'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
	=	12.6555	/	2034.329	*	365 / 2
	=	1.14

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.

John Wood Group'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 )
	=	12.6555	/	2302.455
	=	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.

John Wood Group Inventory Turnover Related Terms

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John Wood Group (CHIX:WGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » John Wood Group Plc (CHIX:WGl) » Definitions » Inventory Turnover

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WDGJF:USA WG.:UK JWG1:Germany

Address

15 Justice Mill Lane, Aberdeen, GBR, AB11 6EQ

Website

https://www.woodplc.com

John Wood Group Plc is an energy-services company that provides a range of engineering, production, and technical solutions for the upstream, midstream, and downstream oil and gas sectors. Operations are divided into four segments: Asset Solutions EAAA, Asset Solutions America, Technical Consulting Solutions, and Investment Solutions. The company provides services to the oil and gas sector through brownfield engineering and modifications, production enhancement, operations and maintenance, and facility construction and maintenance management. A vast majority of the revenue is generated by the Asset Solutions EAAA and Asset Solutions America's segment combined, and the company's revenue is earned in the United States.