Ondo InsurTech (LSE:ONDO) Inventory Turnover : 1.99 (As of Sep. 2024)

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What is Ondo InsurTech 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. Ondo InsurTech's Cost of Goods Sold for the six months ended in Sep. 2024 was £1.28 Mil. Ondo InsurTech's Average Total Inventories for the quarter that ended in Sep. 2024 was £0.64 Mil. Ondo InsurTech's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ondo InsurTech's Days Inventory for the six months ended in Sep. 2024 was 91.89.

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. Ondo InsurTech's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.38.

Ondo InsurTech Inventory Turnover Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Inventory Turnover Chart

Ondo InsurTech Annual Data

Trend

Feb22

Mar24

Inventory Turnover

3.01

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			-	2.27	1.10	1.45	1.99

Ondo InsurTech Inventory Turnover Calculation

Ondo InsurTech's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1.951	/ (	(0	+	0.649)	/	1 )
=	1.951	/	0.649
=	3.01

Ondo InsurTech's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.279	/ (	(0.649	+	0.639)	/	2 )
=	1.279	/	0.644
=	1.99

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0.644	/	1.279	*	365 / 2
	=	91.89

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.

Ondo InsurTech's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0.644	/	1.682
	=	0.38

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.

Ondo InsurTech Inventory Turnover Related Terms

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Ondo InsurTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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