Brikor (JSE:BIK) Inventory Turnover : 2.43 (As of Aug. 2024)

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What is Brikor 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. Brikor's Cost of Goods Sold for the six months ended in Aug. 2024 was R186.3 Mil. Brikor's Average Total Inventories for the quarter that ended in Aug. 2024 was R76.6 Mil. Brikor's Inventory Turnover for the quarter that ended in Aug. 2024 was 2.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Brikor's Days Inventory for the six months ended in Aug. 2024 was 75.01.

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. Brikor's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.34.

Brikor Inventory Turnover Historical Data

The historical data trend for Brikor'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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Brikor Inventory Turnover Chart

Brikor Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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5.17

5.21

6.61

4.97

4.03

Brikor Semi-Annual Data
	Aug12	Aug13	Feb15	Feb16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Inventory Turnover	Get a 7-Day Free Trial															2.93	1.92	2.03	1.93	2.43

Brikor Inventory Turnover Calculation

Brikor's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	280.556	/ (	(63.787	+	75.462)	/	2 )
=	280.556	/	69.6245
=	4.03

Brikor's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

	Inventory Turnover (Q: Aug. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )
=	186.281	/ (	(75.462	+	77.67)	/	2 )
=	186.281	/	76.566
=	2.43

Brikor (JSE:BIK) 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.

Brikor's Days Inventory for the six months ended in Aug. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2024 )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
	=	76.566	/	186.281	*	365 / 2
	=	75.01

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.

Brikor's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2024 )	/	Revenue (Q: Aug. 2024 )
	=	76.566	/	224.546
	=	0.34

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.

Brikor Inventory Turnover Related Terms

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Brikor Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Brikor Ltd (JSE:BIK) » Definitions » Inventory Turnover

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Address

1 Marievale Road, Vorsterskroon, Nigel, GT, ZAF, 1490

Website

https://www.brikor.co.za

Brikor Ltd is a conglomerate company engaged in the manufacturing and supplying of bricks and mining of coal. The company operates in two segments which are Bricks, which include manufacturing and sales of bricks, and Coal which includes mining and sale of coal. The company earns the majority of its revenue from the Bricks segment.