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ITM Power (LSE:ITM) Inventory Turnover : 0.36 (As of Oct. 2024)


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What is ITM Power 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. ITM Power's Cost of Goods Sold for the six months ended in Oct. 2024 was £25.72 Mil. ITM Power's Average Total Inventories for the quarter that ended in Oct. 2024 was £71.71 Mil. ITM Power's Inventory Turnover for the quarter that ended in Oct. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ITM Power's Days Inventory for the six months ended in Oct. 2024 was 508.78.

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. ITM Power's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 4.62.

ITM Power Inventory Turnover Historical Data

The historical data trend for ITM Power'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.

ITM Power Inventory Turnover Chart

ITM Power Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.42 2.24 1.51 1.85 0.51

ITM Power Semi-Annual Data
Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 0.69 0.25 0.22 0.36

ITM Power Inventory Turnover Calculation

ITM Power's Inventory Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Inventory Turnover (A: Apr. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Apr. 2024 ) / ((Total Inventories (A: Apr. 2023 ) + Total Inventories (A: Apr. 2024 )) / count )
=33.173 / ((58.84 + 70.417) / 2 )
=33.173 / 64.6285
=0.51

ITM Power's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

Inventory Turnover (Q: Oct. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Oct. 2024 ) / ((Total Inventories (Q: Apr. 2024 ) + Total Inventories (Q: Oct. 2024 )) / count )
=25.722 / ((70.417 + 73) / 2 )
=25.722 / 71.7085
=0.36

* 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.

ITM Power  (LSE:ITM) 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.

ITM Power's Days Inventory for the six months ended in Oct. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Oct. 2024 )/Cost of Goods Sold (Q: Oct. 2024 )*Days in Period
=71.7085/25.722*365 / 2
=508.78

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.

ITM Power's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2024 ) / Revenue (Q: Oct. 2024 )
=71.7085 / 15.534
=4.62

* 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.

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.

ITM Power Inventory Turnover Related Terms

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ITM Power Business Description

Industry
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Address
2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
Website
https://www.itm-power.com
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.