Aurrigo International (LSE:AURR) Inventory Turnover : 2.07 (As of Dec. 2023)

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What is Aurrigo International 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. Aurrigo International's Cost of Goods Sold for the six months ended in Dec. 2023 was £2.76 Mil. Aurrigo International's Average Total Inventories for the quarter that ended in Dec. 2023 was £1.33 Mil. Aurrigo International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aurrigo International's Days Inventory for the six months ended in Dec. 2023 was 88.37.

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. Aurrigo International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Aurrigo International Inventory Turnover Historical Data

The historical data trend for Aurrigo International'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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Aurrigo International Inventory Turnover Chart

Aurrigo International Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.38

4.90

4.92

4.08

3.90

Aurrigo International Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			1.80	1.89	2.20	2.54	2.07

Aurrigo International Inventory Turnover Calculation

Aurrigo International'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 )
=	5.152	/ (	(0.931	+	1.709)	/	2 )
=	5.152	/	1.32
=	3.90

Aurrigo International'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 )
=	2.755	/ (	(0.959	+	1.709)	/	2 )
=	2.755	/	1.334
=	2.07

Aurrigo International (LSE:AURR) 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.

Aurrigo International'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
	=	1.334	/	2.755	*	365 / 2
	=	88.37

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.

Aurrigo International'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 )
	=	1.334	/	3.545
	=	0.38

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.

Aurrigo International Inventory Turnover Related Terms

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Aurrigo International (LSE:AURR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aurrigo International PLC (LSE:AURR) » Definitions » Inventory Turnover

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Address

Humber Avenue, Unit 33, Bilton Industrial Estate, Coventry, GBR, CV3 1JL

Website

https://www.aurrigo.com

Aurrigo International PLC offers transport technology solutions. The company provides autonomous and semi-autonomous technology solutions for the aviation, ground handling, and cargo industries. The Group designs, engineers, manufactures, and supplies OEM products and autonomous vehicles to the automotive, aviation, and transport industries.

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