Aferian (LSE:AFRN) Inventory Turnover : 1.12 (As of May. 2023)

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What is Aferian 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. Aferian's Cost of Goods Sold for the six months ended in May. 2023 was £8.28 Mil. Aferian's Average Total Inventories for the quarter that ended in May. 2023 was £7.38 Mil. Aferian's Inventory Turnover for the quarter that ended in May. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aferian's Days Inventory for the six months ended in May. 2023 was 162.74.

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. Aferian's Inventory-to-Revenue for the quarter that ended in May. 2023 was 0.39.

Aferian Inventory Turnover Historical Data

The historical data trend for Aferian'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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Aferian Inventory Turnover Chart

Aferian Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Inventory Turnover

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13.04

13.28

15.53

17.22

8.58

Aferian Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Inventory Turnover	Get a 7-Day Free Trial															8.18	8.80	7.91	3.70	1.12

Aferian Inventory Turnover Calculation

Aferian's Inventory Turnover for the fiscal year that ended in Nov. 2022 is calculated as

	Inventory Turnover (A: Nov. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2022 )	/ (	(Total Inventories (A: Nov. 2021 )	+	Total Inventories (A: Nov. 2022 ))	/	count )
=	41.9	/ (	(1.9	+	7.866)	/	2 )
=	41.9	/	4.883
=	8.58

Aferian's Inventory Turnover for the quarter that ended in May. 2023 is calculated as

	Inventory Turnover (Q: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2023 )	/ (	(Total Inventories (Q: Nov. 2022 )	+	Total Inventories (Q: May. 2023 ))	/	count )
=	8.276	/ (	(7.866	+	6.894)	/	2 )
=	8.276	/	7.38
=	1.12

Aferian (LSE:AFRN) 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.

Aferian's Days Inventory for the six months ended in May. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2023 )	/	Cost of Goods Sold (Q: May. 2023 )	*	Days in Period
	=	7.38	/	8.276	*	365 / 2
	=	162.74

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.

Aferian's Inventory to Revenue for the quarter that ended in May. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2023 )	/	Revenue (Q: May. 2023 )
	=	7.38	/	18.702
	=	0.39

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.

Aferian Inventory Turnover Related Terms

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Aferian (LSE:AFRN) Business Description

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Address

1010 Cambourne Business Park, Cambourne, Cambridge, England, GBR, CB23 6DP

Website

https://www.aferian.com

Aferian PLC is a software-led, global Media Technology company. It delivers modern TV experiences integrating streaming and PayTV services. Its Next-Generation technology platforms enable operators, broadcasters, and content owners to provide viewers the choice, usability, and convenience.

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