Eveready East Africa (NAI:EVRD) Inventory Turnover : 1.25 (As of Sep. 2023)

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What is Eveready East Africa 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. Eveready East Africa's Cost of Goods Sold for the six months ended in Sep. 2023 was KES8.32 Mil. Eveready East Africa's Average Total Inventories for the quarter that ended in Sep. 2023 was KES6.66 Mil. Eveready East Africa's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eveready East Africa's Days Inventory for the six months ended in Sep. 2023 was 146.06.

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. Eveready East Africa's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.06.

Eveready East Africa Inventory Turnover Historical Data

The historical data trend for Eveready East Africa'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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Eveready East Africa Inventory Turnover Chart

Eveready East Africa Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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2.47

2.85

2.41

3.45

1.49

Eveready East Africa Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.04	1.42	1.77	0.40	1.25

Eveready East Africa Inventory Turnover Calculation

Eveready East Africa's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	13.586	/ (	(15.652	+	2.545)	/	2 )
=	13.586	/	9.0985
=	1.49

Eveready East Africa's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	8.324	/ (	(10.779	+	2.545)	/	2 )
=	8.324	/	6.662
=	1.25

Eveready East Africa (NAI:EVRD) 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.

Eveready East Africa's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	6.662	/	8.324	*	365 / 2
	=	146.06

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.

Eveready East Africa's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	6.662	/	6.304
	=	1.06

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.

Eveready East Africa Inventory Turnover Related Terms

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Eveready East Africa (NAI:EVRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Eveready East Africa PLC (NAI:EVRD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mombasa Road, P.O. Box 30429, Sameer Industrial Park, Nairobi, KEN, 00100

Website

https://www.eveready.co.ke

Eveready East Africa PLC is Kenya-based firm. The company is mainly engaged in the production, distribution, and sales of portable power solutions. Its product portfolio is divided into three categories namely, Automotive comprises offree car batteries, battery water, and battery acid; Fabric comprises of Clorox and cleaning products; and Household dry cell batteries. The company offers its products under the brand name, TURBO, EVERCLEAN.

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