essensys (LSE:ESYS) Inventory Turnover : 2.06 (As of Jan. 2024)

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What is essensys 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. essensys's Cost of Goods Sold for the six months ended in Jan. 2024 was £4.74 Mil. essensys's Average Total Inventories for the quarter that ended in Jan. 2024 was £2.30 Mil. essensys's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. essensys's Days Inventory for the six months ended in Jan. 2024 was 88.48.

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. essensys's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.20.

essensys Inventory Turnover Historical Data

The historical data trend for essensys'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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essensys Inventory Turnover Chart

essensys Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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27.35

26.40

30.57

6.73

4.31

essensys Semi-Annual Data
	Jul16	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial										13.10	3.43	1.98	1.78	2.06

essensys Inventory Turnover Calculation

essensys's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	10.347	/ (	(2.546	+	2.26)	/	2 )
=	10.347	/	2.403
=	4.31

essensys's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	4.736	/ (	(2.26	+	2.332)	/	2 )
=	4.736	/	2.296
=	2.06

essensys (LSE:ESYS) 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.

essensys's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	2.296	/	4.736	*	365 / 2
	=	88.48

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.

essensys's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2.296	/	11.733
	=	0.20

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.

essensys Inventory Turnover Related Terms

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essensys (LSE:ESYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » essensys PLC (LSE:ESYS) » Definitions » Inventory Turnover

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3L8:Germany

Address

2 Leman Street, Aldgate Tower, 7th Floor, London, GBR, E1 8FA

Website

https://www.essensys.tech

essensys PLC is engaged in providing SaaS platforms and on-demand cloud services to the flexible workspace industry. Its software is designed and developed to solve the complex operational challenges faced by multi-site flexible workspace. The group's technology allows operators to deliver a range of differentiated flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges. Geographically, it operates in United Kingdom and Europe, North America and Asia Pacific region, out of which it derives a majority of revenue from the North America.

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