eEnergy Group (LSE:EAAS) Inventory Turnover : 9.34 (As of Jun. 2023)

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What is eEnergy 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. eEnergy Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £8.69 Mil. eEnergy Group's Average Total Inventories for the quarter that ended in Jun. 2023 was £0.93 Mil. eEnergy Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 9.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. eEnergy Group's Days Inventory for the six months ended in Jun. 2023 was 19.53.

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. eEnergy Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.05.

eEnergy Group Inventory Turnover Historical Data

The historical data trend for eEnergy 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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eEnergy Group Inventory Turnover Chart

eEnergy Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Jun20

Jun21

Jun22

Inventory Turnover

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8.73

22.17

11.66

eEnergy Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															10.78	7.31	3.63	8.73	9.34

eEnergy Group Inventory Turnover Calculation

eEnergy Group's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	6.88	/ (	(0.371	+	0.809)	/	2 )
=	6.88	/	0.59
=	11.66

eEnergy Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	8.693	/ (	(0.745	+	1.116)	/	2 )
=	8.693	/	0.9305
=	9.34

eEnergy Group (LSE:EAAS) 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.

eEnergy Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.9305	/	8.693	*	365 / 2
	=	19.53

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.

eEnergy Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.9305	/	18.035
	=	0.05

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.

eEnergy Group Inventory Turnover Related Terms

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eEnergy Group (LSE:EAAS) Business Description

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Address

20 St Thomas Street, London, GBR, SE1 9RS

Website

https://www.eenergyplc.com

eEnergy Group PLC is energy efficiency as a service company. The company is engaged in the energy efficiency business and focuses on providing Light-as-a-Service to commercial customers through eLight. Its product eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee.

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