T42 IoT Tracking Solutions (LSE:TRAC) Inventory Turnover : 0.57 (As of Jun. 2023)

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What is T42 IoT Tracking Solutions 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. T42 IoT Tracking Solutions's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.71 Mil. T42 IoT Tracking Solutions's Average Total Inventories for the quarter that ended in Jun. 2023 was £1.24 Mil. T42 IoT Tracking Solutions's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. T42 IoT Tracking Solutions's Days Inventory for the six months ended in Jun. 2023 was 319.83.

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. T42 IoT Tracking Solutions's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.92.

T42 IoT Tracking Solutions Inventory Turnover Historical Data

The historical data trend for T42 IoT Tracking Solutions'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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T42 IoT Tracking Solutions Inventory Turnover Chart

T42 IoT Tracking Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.09

1.81

1.49

1.50

1.46

T42 IoT Tracking Solutions Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.85	0.61	0.62	0.57

T42 IoT Tracking Solutions Inventory Turnover Calculation

T42 IoT Tracking Solutions's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1.936	/ (	(1.346	+	1.298)	/	2 )
=	1.936	/	1.322
=	1.46

T42 IoT Tracking Solutions's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.709	/ (	(1.298	+	1.187)	/	2 )
=	0.709	/	1.2425
=	0.57

T42 IoT Tracking Solutions (LSE:TRAC) 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.

T42 IoT Tracking Solutions's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.2425	/	0.709	*	365 / 2
	=	319.83

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.

T42 IoT Tracking Solutions's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.2425	/	1.352
	=	0.92

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.

T42 IoT Tracking Solutions Inventory Turnover Related Terms

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T42 IoT Tracking Solutions (LSE:TRAC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » T42 IoT Tracking Solutions PLC (LSE:TRAC) » Definitions » Inventory Turnover

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TRAC:UK

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.starcomplc.com

T42 IoT Tracking Solutions PLC group specializes in automated real-time systems for remote tracking and management of vehicles, containers, assets, and people. It offers real-time tracking systems for fleet management and security applications of the vehicle and driver, container monitoring, merchandise tracking, and management, and a personal locator for the protection of individuals. Its products include Watchlock, Software as a Service, Tetis, Kylos, and others. The firm has Hardware and SAS segments.