KAL Group (JSE:KAL) Inventory Turnover : 6.64 (As of Mar. 2024)

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What is KAL Group 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. KAL Group's Cost of Goods Sold for the six months ended in Mar. 2024 was R10,407 Mil. KAL Group's Average Total Inventories for the quarter that ended in Mar. 2024 was R1,567 Mil. KAL Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KAL Group's Days Inventory for the six months ended in Mar. 2024 was 27.47.

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. KAL Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.13.

KAL Group Inventory Turnover Historical Data

The historical data trend for KAL Group'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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KAL Group Inventory Turnover Chart

KAL Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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7.22

6.64

7.75

9.62

11.92

KAL Group Semi-Annual Data
	Sep14	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													4.96	5.16	6.75	5.67	6.64

KAL Group Inventory Turnover Calculation

KAL Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	19478.711	/ (	(1627.37	+	1641.992)	/	2 )
=	19478.711	/	1634.681
=	11.92

KAL Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	10406.846	/ (	(1641.992	+	1491.164)	/	2 )
=	10406.846	/	1566.578
=	6.64

KAL Group (JSE:KAL) 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.

KAL Group's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1566.578	/	10406.846	*	365 / 2
	=	27.47

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.

KAL Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1566.578	/	12057.367
	=	0.13

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.

KAL Group Inventory Turnover Related Terms

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KAL Group (JSE:KAL) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » KAL Group Ltd (JSE:KAL) » Definitions » Inventory Turnover

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Address

1 Westhoven Street, Cape Winelands, Paarl, WC, ZAF, 7646

Website

https://www.kaapagri.co.za

Kaap Agri Ltd engages in the retail and trading of agricultural, and fuel, and related products. Its segments include the Agrimark segment which derives the majority of its revenue provides a range of production inputs, mechanization equipment and services, and other goods to agricultural producers as well as the public, The Retail Fuel and Convenience provides a full retail fuel offering to a diverse range of customers, including a convenience store and quick service restaurant outlets; Agrimark Grain segment includes the sale of grain products and provides a complete range of services including storage and handling of grain products and the Manufacturing segment manufactures and sells dripper pipe, other irrigation equipment, food-grade plastic bulk bins for the agricultural market.

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