New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Inventory Turnover : 0.65 (As of Jan. 2024)

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What is New Zealand Kinglmon Investments 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. New Zealand Kinglmon Investments's Cost of Goods Sold for the six months ended in Jan. 2024 was $29.4 Mil. New Zealand Kinglmon Investments's Average Total Inventories for the quarter that ended in Jan. 2024 was $45.2 Mil. New Zealand Kinglmon Investments's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Zealand Kinglmon Investments's Days Inventory for the six months ended in Jan. 2024 was 280.64.

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. New Zealand Kinglmon Investments's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.77.

New Zealand Kinglmon Investments Inventory Turnover Historical Data

The historical data trend for New Zealand Kinglmon Investments'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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New Zealand Kinglmon Investments Inventory Turnover Chart

New Zealand Kinglmon Investments Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jan22

Jan23

Jan24

Inventory Turnover

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1.24

0.78

1.29

1.18

0.95

New Zealand Kinglmon Investments Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial										0.80	2.62	0.65	0.89	0.65

New Zealand Kinglmon Investments Inventory Turnover Calculation

New Zealand Kinglmon Investments's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	62.255	/ (	(57.668	+	73.737)	/	2 )
=	62.255	/	65.7025
=	0.95

New Zealand Kinglmon Investments's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	29.408	/ (	(16.708	+	73.737)	/	2 )
=	29.408	/	45.2225
=	0.65

New Zealand Kinglmon Investments (OTCPK:NZKSF) 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.

New Zealand Kinglmon Investments's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	45.2225	/	29.408	*	365 / 2
	=	280.64

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.

New Zealand Kinglmon Investments's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	45.2225	/	58.942
	=	0.77

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.

New Zealand Kinglmon Investments Inventory Turnover Related Terms

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New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » New Zealand King Salmon Investments Ltd (OTCPK:NZKSF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

NZK:New Zealand NZK:Australia

Address

17 Bullen Street, Tahunanui, Nelson, STL, NZL, 7011

Website

https://www.kingsalmon.co.nz

New Zealand King Salmon Investments Ltd is engaged in the farming, processing, and sale of salmon products. Its brands include Regal, Southern Ocean, Omega Plus, Ora King, and King Salmon. Its product range includes Whole fish; Fillets, Steaks & Portions; Wood Roasted; Cold Smoked; and Others. The company's geographical area of revenue are North America, Australia, Japan, China, Europe, Others and majority being from New Zealand.

New Zealand Kinglmon Investments (New Zealand Kinglmon Investments) Headlines

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