Team17 Group (LSE:TM17) Inventory Turnover : 45.88 (As of Jun. 2024)

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What is Team17 Group 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. Team17 Group's Cost of Goods Sold for the six months ended in Jun. 2024 was £47.7 Mil. Team17 Group's Average Total Inventories for the quarter that ended in Jun. 2024 was £1.0 Mil. Team17 Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 45.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Team17 Group's Days Inventory for the six months ended in Jun. 2024 was 3.98.

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. Team17 Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Team17 Group Inventory Turnover Historical Data

The historical data trend for Team17 Group'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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Team17 Group Inventory Turnover Chart

Team17 Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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59.32

93.02

Team17 Group Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial											28.59	40.99	39.13	62.97	45.88

Team17 Group Inventory Turnover Calculation

Team17 Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	101.62	/ (	(1.225	+	0.96)	/	2 )
=	101.62	/	1.0925
=	93.02

Team17 Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	47.739	/ (	(0.96	+	1.121)	/	2 )
=	47.739	/	1.0405
=	45.88

Team17 Group (LSE:TM17) 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.

Team17 Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1.0405	/	47.739	*	365 / 2
	=	3.98

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.

Team17 Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1.0405	/	80.647
	=	0.01

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.

Team17 Group Inventory Turnover Related Terms

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Team17 Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Team17 Group PLC (LSE:TM17) » Definitions » Inventory Turnover

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Traded in Other Exchanges

2EC:Germany

Address

Paragon Business Park, 3 Red Hall Avenue, Wakefield, West Yorkshire, GBR, WF1 2UL

Website

https://www.team17.com

Team17 Group PLC is a video game label and creative partner for independent developers. The company supports both owned first-party IP and third-party IP through partnering with indie developers globally. The company focuses on premium, rather than free-to-play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. The company has three reportable segments as Games Label, Simulation, and Edutainment. Games label segment is involved in Developing and publishing video games for the digital and physical market, The Simulation segment works on Developing and publishing simulation games for the digital and physical market.

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