Fonix Mobile (LSE:FNX) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Fonix Mobile 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. Fonix Mobile's Cost of Goods Sold for the six months ended in Dec. 2023 was £30.46 Mil. Fonix Mobile's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fonix Mobile's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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. Fonix Mobile's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Fonix Mobile Inventory Turnover Historical Data

The historical data trend for Fonix Mobile'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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Fonix Mobile Inventory Turnover Chart

Fonix Mobile Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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Fonix Mobile Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial						-	-	-	-	-

Fonix Mobile Inventory Turnover Calculation

Fonix Mobile's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	49.841	/ (	(0	+	0)	/	1 )
=	49.841	/	0
=	N/A

Fonix Mobile'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 )
=	30.46	/ (	(0	+	0)	/	1 )
=	30.46	/	0
=	N/A

Fonix Mobile (LSE:FNX) 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.

Fonix Mobile'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
	=	0	/	30.46	*	365 / 2
	=	0.00

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.

Fonix Mobile'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 )
	=	0	/	39.658
	=	0.00

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.

Fonix Mobile Inventory Turnover Related Terms

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Fonix Mobile (LSE:FNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fonix Mobile PLC (LSE:FNX) » Definitions » Inventory Turnover

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Address

23 Heddon Street, London, GBR, W1B 4BQ

Website

https://www.fonix.com

Fonix Mobile PLC facilitates mobile payments and provides messaging services for customers across media, telecoms, transport, gaming, enterprise and commerce. It provides carrier billing, SMS billing, and messaging services.