Kingspan Group (Kingspan Group) Inventory Turnover : 2.71 (As of Dec. 2023)

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What is Kingspan 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. Kingspan Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $3,106 Mil. Kingspan Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,146 Mil. Kingspan Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingspan Group's Days Inventory for the six months ended in Dec. 2023 was 67.37.

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. Kingspan Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Kingspan Group Inventory Turnover Historical Data

The historical data trend for Kingspan 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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Kingspan Group Inventory Turnover Chart

Kingspan Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.04

6.29

5.51

5.00

5.31

Kingspan Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.63	2.36	2.37	2.47	2.71

Kingspan Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	6271.429	/ (	(1309.11	+	1051.581)	/	2 )
=	6271.429	/	1180.3455
=	5.31

Kingspan Group'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 )
=	3105.671	/ (	(1241.278	+	1051.581)	/	2 )
=	3105.671	/	1146.4295
=	2.71

Kingspan Group (OTCPK:KGSPF) 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.

Kingspan Group'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
	=	1146.4295	/	3105.671	*	365 / 2
	=	67.37

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.

Kingspan Group'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 )
	=	1146.4295	/	4369.357
	=	0.26

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.

Kingspan Group Inventory Turnover Related Terms

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Kingspan Group (Kingspan Group) Business Description

Industry

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Traded in Other Exchanges

KGSPY:USA KRX:Ireland KRXi:UK 0KGP:UK KRX:Germany

Address

Dublin Road, Kingscourt, County Cavan, IRL, A82 XY31

Website

https://www.kingspan.com

Kingspan Group PLC manufactures and sells building supplies to the commercial, residential, and data storage industries throughout the world. The company organizes itself in five segments. The Insulated Panels segment, which generates the majority of revenue, sells insulated panels, structural frames, and metal facades. The Insulation segment sells insulation boards, building series insulation, and engineered timber systems. The Light and Air segment manufacture day-lighting, smoke management, and ventilation systems. The Water and Energy segment manufacture energy and water solutions and all related service activities, and Data and Flooring Technology manufacture data center storage solutions and raised access floors. and Roofing and Waterproof segment.