ECO Buildings Group (LSE:ECOB) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is ECO Buildings 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 Buildings Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.00 Mil. ECO Buildings Group's Average Total Inventories for the quarter that ended in Jun. 2023 was £2.05 Mil. ECO Buildings Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ECO Buildings Group's Days Inventory for the six months ended in Jun. 2023 was 124,890.83.

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 Buildings Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 76.04.

ECO Buildings Group Inventory Turnover Historical Data

The historical data trend for ECO Buildings 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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ECO Buildings Group Inventory Turnover Chart

ECO Buildings Group Annual Data

Trend

Dec21

Inventory Turnover

ECO Buildings Group Semi-Annual Data
	Jun22	Jun23
Inventory Turnover	-	-

ECO Buildings Group Inventory Turnover Calculation

ECO Buildings Group's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

ECO Buildings 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: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.003	/ (	(0	+	2.053)	/	1 )
=	0.003	/	2.053
=	0.00

ECO Buildings Group (LSE:ECOB) 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 Buildings 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
	=	2.053	/	0.003	*	365 / 2
	=	124,890.83

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 Buildings 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 )
	=	2.053	/	0.027
	=	76.04

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 Buildings Group Inventory Turnover Related Terms

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ECO Buildings Group (LSE:ECOB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ECO Buildings Group Plc (LSE:ECOB) » Definitions » Inventory Turnover

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ECOB:UK

Address

160 Camden High Street, London, GBR, NW1 0NE

Website

https://www.eco-buildings.net

ECO Buildings Group Plc will operate in the prefabricated modular housing sector. The company has acquired the proven and innovative prefabricated modular technology using glass fibre-reinforced gypsum (GFRG), an alternative construction method to achieve faster and more economical development of residential, commercial, and industrial dwellings. Eco Buildings' range of modular housing products provides a solution for the construction of both affordable and high-end housing, with Eco Buildings' products being up to 50% cheaper, two-thirds lighter and five times faster to deploy than conventionally built homes.

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