Ah Vest (JSE:AHL) Inventory Turnover : 4.71 (As of Dec. 2023)

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What is Ah Vest 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. Ah Vest's Cost of Goods Sold for the six months ended in Dec. 2023 was R78.1 Mil. Ah Vest's Average Total Inventories for the quarter that ended in Dec. 2023 was R16.6 Mil. Ah Vest's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ah Vest's Days Inventory for the six months ended in Dec. 2023 was 38.76.

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. Ah Vest's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Ah Vest Inventory Turnover Historical Data

The historical data trend for Ah Vest'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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Ah Vest Inventory Turnover Chart

Ah Vest Annual Data

Trend

Mar12

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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9.02

11.14

8.09

8.12

8.02

Ah Vest Semi-Annual Data
	Mar10	Mar11	Mar12	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.69	3.71	4.06	3.67	4.71

Ah Vest Inventory Turnover Calculation

Ah Vest'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 )
=	137.667	/ (	(16.961	+	17.375)	/	2 )
=	137.667	/	17.168
=	8.02

Ah Vest'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	78.1	/ (	(17.375	+	15.797)	/	2 )
=	78.1	/	16.586
=	4.71

Ah Vest (JSE:AHL) 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.

Ah Vest's Days Inventory for the six 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
	=	16.586	/	78.1	*	365 / 2
	=	38.76

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.

Ah Vest'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 )
	=	16.586	/	115.455
	=	0.14

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.

Ah Vest Inventory Turnover Related Terms

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Ah Vest (JSE:AHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ah Vest Ltd (JSE:AHL) » Definitions » Inventory Turnover

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Address

15 Misgund Road, Eikenhof, Johannesburg, GT, ZAF, 1872

Website

http://www.alljoy.co.za

Ah Vest Ltd is involved in the manufacturing of food sauces and condiments for supply to retail chains, independent traders, and the catering industry. The company operates in a single segment which is Sauces. Geographically it only operates in South Africa.