Cantaloupe (Cantaloupe) Inventory Turnover : 1.23 (As of Dec. 2023)

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What is Cantaloupe 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. Cantaloupe's Cost of Goods Sold for the three months ended in Dec. 2023 was $41.0 Mil. Cantaloupe's Average Total Inventories for the quarter that ended in Dec. 2023 was $33.5 Mil. Cantaloupe's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cantaloupe's Days Inventory for the three months ended in Dec. 2023 was 74.49.

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. Cantaloupe's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Cantaloupe Inventory Turnover Historical Data

The historical data trend for Cantaloupe'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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Cantaloupe Inventory Turnover Chart

Cantaloupe Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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10.80

11.46

15.66

11.26

6.29

Cantaloupe Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.70	1.32	1.25	1.20	1.23

Cantaloupe Inventory Turnover Calculation

Cantaloupe'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 )
=	162.405	/ (	(19.754	+	31.872)	/	2 )
=	162.405	/	25.813
=	6.29

Cantaloupe'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	41.043	/ (	(32.216	+	34.789)	/	2 )
=	41.043	/	33.5025
=	1.23

Cantaloupe (NAS:CTLP) 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.

Cantaloupe's Days Inventory for the three 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
	=	33.5025	/	41.043	*	365 / 4
	=	74.49

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.

Cantaloupe'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 )
	=	33.5025	/	65.359
	=	0.51

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.

Cantaloupe Inventory Turnover Related Terms

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Cantaloupe (Cantaloupe) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cantaloupe Inc (NAS:CTLP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CTLPP.PFD:USA

Address

100 Deerfield Lane, Suite 300, Malvern, PA, USA, 19355

Website

https://www.cantaloupe.com

Cantaloupe Inc operates in the small ticket electronic payments industry. It provides wireless, cashless, micro-transactions, and networking services within the unattended Point of Sale (POS) market. Its products and services portfolio consists of ePort Cashless devices, eSuds, EnergyMisers, and Value-added services which include Loyalty and Prepaid, Intelligent Vending, and others. The company offers services to different industries covering car wash, taxi and transportation, laundry, vending, kiosk, amusement, and arcade. The Company derives revenue from the sale or lease of equipment and services to the small ticket, unattended POS market and majority of its revenue is derived from subscription and transaction fees.

Executives

Ian Jiro Harris	director	C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281
Ravi Venkatesan	officer: Chief Operating Officer	C/O CANTALOUPE, INC., 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Gaurav Singal	officer: Chief Technology Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jared Scott Grachek	officer: Chief Accounting Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jeffrey Charles Dumbrell	officer: Chief Revenue Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Anna Rose Novoseletsky	officer: Chief Legal Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Scott Matthew Stewart	officer: Chief Accounting Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Ankit Varia	officer: Chief Accounting Officer	CANTALOUPE, INC., 100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Hudson Executive Capital Lp	10 percent owner	C/O CADWALADER, WICKERSHAM & TAFT, LLP, 200 LIBERTY STREET, NEW YORK NY 10281
Lisa P. Baird	director	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Sean E Feeney	officer: Chief Executive Officer	PORTER WRIGHT MORRIS & ARTHUR LL, 41 S HIGH STREET, COLUMBUS OH 43215
James M Pollock	officer: Chief Compliance Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Roger Wayne Jackson	officer: Chief Financial Officer	1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
Eugene Cavanaugh	officer: Interim CFO	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355
Jeff Vogt	officer: Chief Operating Officer	100 DEERFIELD LANE, SUITE 300, MALVERN PA 19355