Eco Animal Health Group (LSE:EAH) Inventory Turnover : 1.07 (As of Sep. 2023)

View and export this data going back to 1995. Start your Free Trial

What is Eco Animal Health 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. Eco Animal Health Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £22.51 Mil. Eco Animal Health Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £20.95 Mil. Eco Animal Health Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eco Animal Health Group's Days Inventory for the six months ended in Sep. 2023 was 169.89.

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. Eco Animal Health Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.55.

Eco Animal Health Group Inventory Turnover Historical Data

The historical data trend for Eco Animal Health 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.

* Premium members only.

Eco Animal Health Group Inventory Turnover Chart

Eco Animal Health Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

1.86

2.11

2.80

1.86

1.79

Eco Animal Health Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.91	0.91	0.61	1.01	1.07

Eco Animal Health Group Inventory Turnover Calculation

Eco Animal Health Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	46.935	/ (	(30.142	+	22.409)	/	2 )
=	46.935	/	26.2755
=	1.79

Eco Animal Health Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	22.508	/ (	(22.409	+	19.497)	/	2 )
=	22.508	/	20.953
=	1.07

Eco Animal Health Group (LSE:EAH) 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.

Eco Animal Health Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	20.953	/	22.508	*	365 / 2
	=	169.89

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.

Eco Animal Health Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	20.953	/	38.009
	=	0.55

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.

Eco Animal Health Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Eco Animal Health Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Eco Animal Health Group (LSE:EAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eco Animal Health Group PLC (LSE:EAH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Coombe Road, New Malden, London, Surrey, GBR, KT3 4QS

Website

https://www.ecoanimalhealthgroupplc.com

Eco Animal Health Group PLC is engaged in the manufacture and marketing of animal health products. The company's product portfolio includes Aivlosin - macrolide antibiotic for the treatment of respiratory and enteric diseases in pigs and poultry; Ecomectin, Eco heart, Ecotraz, and Ecomintic for treatment and prevention of parasites in cattle, sheep, pigs, horses, and dogs; and Chlortetracycline and Oxytetracycline for treatment of bacterial infections in pigs, poultry and cattle. The geographical segments of the company include Corporate/UK, China & Japan, North America, South & South East Asia, Latin America, Europe, and the Rest of the World.

Eco Animal Health Group (LSE:EAH) Headlines

No Headlines