African Equity Empowerment Investments (JSE:AEE) Inventory Turnover : 1.38 (As of Aug. 2023)

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What is African Equity Empowerment Investments 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. African Equity Empowerment Investments's Cost of Goods Sold for the six months ended in Aug. 2023 was R217.0 Mil. African Equity Empowerment Investments's Average Total Inventories for the quarter that ended in Aug. 2023 was R157.5 Mil. African Equity Empowerment Investments's Inventory Turnover for the quarter that ended in Aug. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. African Equity Empowerment Investments's Days Inventory for the six months ended in Aug. 2023 was 132.49.

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. African Equity Empowerment Investments's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.40.

African Equity Empowerment Investments Inventory Turnover Historical Data

The historical data trend for African Equity Empowerment Investments'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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African Equity Empowerment Investments Inventory Turnover Chart

African Equity Empowerment Investments Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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7.66

9.05

5.96

1.21

1.67

African Equity Empowerment Investments Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															3.05	0.57	0.66	0.76	1.38

African Equity Empowerment Investments Inventory Turnover Calculation

African Equity Empowerment Investments's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	410.392	/ (	(341.209	+	149.31)	/	2 )
=	410.392	/	245.2595
=	1.67

African Equity Empowerment Investments's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Feb. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	216.975	/ (	(165.72	+	149.31)	/	2 )
=	216.975	/	157.515
=	1.38

African Equity Empowerment Investments (JSE:AEE) 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.

African Equity Empowerment Investments's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	157.515	/	216.975	*	365 / 2
	=	132.49

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.

African Equity Empowerment Investments's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	157.515	/	389.612
	=	0.40

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.

African Equity Empowerment Investments Inventory Turnover Related Terms

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African Equity Empowerment Investments (JSE:AEE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » African Equity Empowerment Investments Ltd (JSE:AEE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3 Dock Road, Victoria & Alfred Waterfront, 1st Floor, Waterway House North, Cape Town, WC, ZAF, 8001

Website

https://www.aeei.co.za

African Equity Empowerment Investments Ltd is a black-owned and black-managed investment holding company. Its segments include Fishing and brands, Technology, Health and beauty, Events and tourism, and Corporate. It generates maximum revenue from the Technology segment. The company exports its products to African countries, India and Europe and the majority of the revenue comes from South Africa.