CSXXY (CAR Group) Inventory Turnover : 11.39 (As of Jun. 2024)

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What is CAR 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. CAR Group's Cost of Goods Sold for the six months ended in Jun. 2024 was $22.7 Mil. CAR Group's Average Total Inventories for the quarter that ended in Jun. 2024 was $2.0 Mil. CAR Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 11.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CAR Group's Days Inventory for the six months ended in Jun. 2024 was 16.02.

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. CAR Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

CAR Group Inventory Turnover Historical Data

The historical data trend for CAR 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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CAR Group Inventory Turnover Chart

CAR Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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15.53

20.70

23.60

CAR Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															9.55	8.85	11.60	11.60	11.39

CAR Group Inventory Turnover Calculation

CAR 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 )
=	43.559	/ (	(1.661	+	2.031)	/	2 )
=	43.559	/	1.846
=	23.60

CAR Group'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 )
=	22.731	/ (	(1.96	+	2.031)	/	2 )
=	22.731	/	1.9955
=	11.39

CAR Group (OTCPK:CSXXY) 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.

CAR Group'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
	=	1.9955	/	22.731	*	365 / 2
	=	16.02

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.

CAR Group'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 )
	=	1.9955	/	376.999
	=	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.

CAR Group Inventory Turnover Related Terms

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CAR Group Business Description

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CAR:Australia

Address

449 Punt Road, Richmond, VIC, AUS, 3121

Website

https://www.cargroup.com

Car Group is a globally diversified group of online marketplaces for auto and nonauto vehicles. The group's primary business is its Australian online marketplace for automotive, www.carsales.com.au., which is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. Car Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data and replacement parts businesses.