Close The Loop (FRA:GI5) Inventory Turnover : 2.63 (As of Dec. 2024)

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What is Close The Loop 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. Close The Loop's Cost of Goods Sold for the six months ended in Dec. 2024 was €40.8 Mil. Close The Loop's Average Total Inventories for the quarter that ended in Dec. 2024 was €15.5 Mil. Close The Loop's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Close The Loop's Days Inventory for the six months ended in Dec. 2024 was 69.40.

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. Close The Loop's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.26.

Close The Loop Inventory Turnover Historical Data

The historical data trend for Close The Loop'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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Close The Loop Inventory Turnover Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

Inventory Turnover

9.05

8.14

7.41

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			6.08	4.19	3.68	3.39	2.63

Close The Loop Inventory Turnover Calculation

Close The Loop'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 )
=	81.993	/ (	(9.834	+	12.304)	/	2 )
=	81.993	/	11.069
=	7.41

Close The Loop'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 )
=	40.756	/ (	(12.304	+	18.692)	/	2 )
=	40.756	/	15.498
=	2.63

Close The Loop (FRA:GI5) 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.

Close The Loop'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
	=	15.498	/	40.756	*	365 / 2
	=	69.40

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.

Close The Loop'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 )
	=	15.498	/	60.12
	=	0.26

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.

Close The Loop Inventory Turnover Related Terms

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Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (FRA:GI5) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CLG:Australia

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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