Johnston Press (Johnston Press) Inventory Turnover : 28.39 (As of Jun. 2018)

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What is Johnston Press 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. Johnston Press's Cost of Goods Sold for the six months ended in Jun. 2018 was $82.03 Mil. Johnston Press's Average Total Inventories for the quarter that ended in Jun. 2018 was $2.89 Mil. Johnston Press's Inventory Turnover for the quarter that ended in Jun. 2018 was 28.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Johnston Press's Days Inventory for the six months ended in Jun. 2018 was 6.43.

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. Johnston Press's Inventory-to-Revenue for the quarter that ended in Jun. 2018 was 0.02.

Johnston Press Inventory Turnover Historical Data

The historical data trend for Johnston Press'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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Johnston Press Inventory Turnover Chart

Johnston Press Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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61.32

58.27

55.52

56.05

59.05

Johnston Press Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Inventory Turnover	Get a 7-Day Free Trial															30.73	31.09	33.31	29.61	28.39

Johnston Press Inventory Turnover Calculation

Johnston Press's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	181.939	/ (	(2.824	+	3.338)	/	2 )
=	181.939	/	3.081
=	59.05

Johnston Press's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

	Inventory Turnover (Q: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2018 )	/ (	(Total Inventories (Q: Dec. 2017 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )
=	82.029	/ (	(3.338	+	2.44)	/	2 )
=	82.029	/	2.889
=	28.39

Johnston Press (OTCPK:JHPSY) 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.

Johnston Press's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2018 )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
	=	2.889	/	82.029	*	365 / 2
	=	6.43

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.

Johnston Press's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2018 )	/	Revenue (Q: Jun. 2018 )
	=	2.889	/	123.657
	=	0.02

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.

Johnston Press Inventory Turnover Related Terms

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Johnston Press (Johnston Press) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Johnston Press PLC (OTCPK:JHPSY) » Definitions » Inventory Turnover

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Address

30 Queensferry Road, Orchard Brae House, Edinburgh, GBR, EH4 2HS

Website

http://www.johnstonpress.co.uk

Johnston Press PLC is engaged in the multimedia business. The company is one of the largest local and regional multimedia organizations primarily providing news and information services at local and regional level through various publications and websites in the UK. Its business is organized in two segments namely Publishing and Contract Printing. It also manages smartphone applications, websites, and distributes lifestyle magazines. Its brands include Ballymena and Antrim Times, Banbridge Leader, Banbury Guardian, Belper News, Carrick Times, Mid-Sussex Times, Sunday Journal, Isle of Man Examiner and Yorkshire Post. Johnston Press generates most of its revenues through its publishing business.

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