AquaBounty Technologies (FRA:W8N) Inventory Turnover : 2.06 (As of Dec. 2023)

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What is AquaBounty Technologies 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. AquaBounty Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €3.52 Mil. AquaBounty Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was €1.71 Mil. AquaBounty Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AquaBounty Technologies's Days Inventory for the three months ended in Dec. 2023 was 44.24.

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. AquaBounty Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.36.

AquaBounty Technologies Inventory Turnover Historical Data

The historical data trend for AquaBounty Technologies'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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AquaBounty Technologies Inventory Turnover Chart

AquaBounty Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.47

4.65

8.06

7.88

7.50

AquaBounty Technologies 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															1.58	1.52	1.59	1.92	2.06

AquaBounty Technologies Inventory Turnover Calculation

AquaBounty Technologies'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 )
=	14.014	/ (	(2.149	+	1.59)	/	2 )
=	14.014	/	1.8695
=	7.50

AquaBounty Technologies'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 )
=	3.517	/ (	(1.82	+	1.59)	/	2 )
=	3.517	/	1.705
=	2.06

AquaBounty Technologies (FRA:W8N) 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.

AquaBounty Technologies'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
	=	1.705	/	3.517	*	365 / 4
	=	44.24

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.

AquaBounty Technologies'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 )
	=	1.705	/	0.507
	=	3.36

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.

AquaBounty Technologies Inventory Turnover Related Terms

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AquaBounty Technologies (FRA:W8N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AquaBounty Technologies Inc (FRA:W8N) » Definitions » Inventory Turnover

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AQB:USA

Address

2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754

Website

https://www.aquabounty.com

AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.

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