Airtel Africa (NSA:AIRTELAFRI) Inventory Turnover : 12.85 (As of Mar. 2024)

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What is Airtel 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. Airtel Africa's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦547,577 Mil. Airtel Africa's Average Total Inventories for the quarter that ended in Mar. 2024 was ₦42,626 Mil. Airtel Africa's Inventory Turnover for the quarter that ended in Mar. 2024 was 12.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Airtel Africa's Days Inventory for the three months ended in Mar. 2024 was 7.10.

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. Airtel Africa's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Airtel Africa Inventory Turnover Historical Data

The historical data trend for Airtel 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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Airtel Africa Inventory Turnover Chart

Airtel Africa Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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441.00

287.00

342.20

186.44

72.39

Airtel Africa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															32.00	22.79	16.41	15.15	12.85

Airtel Africa Inventory Turnover Calculation

Airtel Africa'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: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	2432944.828	/ (	(24591.76	+	42625.718)	/	2 )
=	2432944.828	/	33608.739
=	72.39

Airtel Africa's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	547576.531	/ (	(42625.718	+	42625.718)	/	2 )
=	547576.531	/	42625.718
=	12.85

Airtel Africa (NSA:AIRTELAFRI) 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.

Airtel Africa's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	42625.718	/	547576.531	*	365 / 4
	=	7.10

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.

Airtel Africa's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	42625.718	/	1832905.874
	=	0.02

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.

Airtel Africa Inventory Turnover Related Terms

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Airtel Africa Business Description

Industry

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Address

53/54 Grosvenor Street, First Floor, London, GBR, W1K 3HU

Website

https://www.airtel.africa.com

Airtel Africa PLC is engaged in providing affordable and innovative mobile services. The company's segment includes Nigeria mobile services; East Africa mobile services; Francophone Africa mobile services; Mobile money and others. It generates maximum revenue from the Nigeria mobile services segment. Nigeria mobile services segment comprising of mobile service operations in Nigeria.

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