600 Group (The) (LSE:SIXH) Inventory Turnover : 1.20 (As of Sep. 2022)

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What is 600 Group (The) 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. 600 Group (The)'s Cost of Goods Sold for the six months ended in Sep. 2022 was £8.96 Mil. 600 Group (The)'s Average Total Inventories for the quarter that ended in Sep. 2022 was £7.45 Mil. 600 Group (The)'s Inventory Turnover for the quarter that ended in Sep. 2022 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 600 Group (The)'s Days Inventory for the six months ended in Sep. 2022 was 151.65.

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. 600 Group (The)'s Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.49.

600 Group (The) Inventory Turnover Historical Data

The historical data trend for 600 Group (The)'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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600 Group (The) Inventory Turnover Chart

600 Group (The) Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Inventory Turnover

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2.22

2.20

2.37

0.62

1.47

600 Group (The) Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															0.85	-0.22	0.43	0.63	1.20

600 Group (The) Inventory Turnover Calculation

600 Group (The)'s Inventory Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Inventory Turnover (A: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2022 )	/ (	(Total Inventories (A: Mar. 2021 )	+	Total Inventories (A: Mar. 2022 ))	/	count )
=	13.977	/ (	(12.935	+	6.103)	/	2 )
=	13.977	/	9.519
=	1.47

600 Group (The)'s Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	8.962	/ (	(6.103	+	8.791)	/	2 )
=	8.962	/	7.447
=	1.20

600 Group (The) (LSE:SIXH) 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.

600 Group (The)'s Days Inventory for the six months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	7.447	/	8.962	*	365 / 2
	=	151.65

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.

600 Group (The)'s Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	7.447	/	15.045
	=	0.49

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.

600 Group (The) Inventory Turnover Related Terms

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600 Group (The) (LSE:SIXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » 600 Group (The) PLC (LSE:SIXH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

42 Berkeley Square, London, GBR, W1J 5AW

Website

http://www.600group.com

600 Group (The) PLC is a manufacturer, designer, and distributor of industrial products. The company's operating segment includes Industrial laser systems. Geographically, it derives majority of its revenue from the United States of America and has a presence in the United Kingdom, Europe, and the Rest of the World.