IkeGPS Group (NZSE:IKE) Inventory Turnover : 2.75 (As of Sep. 2024)

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What is IkeGPS 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. IkeGPS Group's Cost of Goods Sold for the six months ended in Sep. 2024 was NZ$4.07 Mil. IkeGPS Group's Average Total Inventories for the quarter that ended in Sep. 2024 was NZ$1.48 Mil. IkeGPS Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IkeGPS Group's Days Inventory for the six months ended in Sep. 2024 was 66.41.

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. IkeGPS Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.12.

IkeGPS Group Inventory Turnover Historical Data

The historical data trend for IkeGPS 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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IkeGPS Group Inventory Turnover Chart

IkeGPS Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.24

4.07

6.75

3.88

IkeGPS Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															5.61	-3.58	2.06	2.26	2.75

IkeGPS Group Inventory Turnover Calculation

IkeGPS Group'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 )
=	8.424	/ (	(2.472	+	1.865)	/	2 )
=	8.424	/	2.1685
=	3.88

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	4.071	/ (	(1.865	+	1.098)	/	2 )
=	4.071	/	1.4815
=	2.75

IkeGPS Group (NZSE:IKE) 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.

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

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1.4815	/	4.071	*	365 / 2
	=	66.41

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1.4815	/	12.172
	=	0.12

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.

IkeGPS Group Inventory Turnover Related Terms

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IkeGPS Group Business Description

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IKE:Australia

Address

329 Interlocken Parkway, Suite 120, Broomfield, CO, USA, 80021

Website

https://www.ikegps.com

IkeGPS Group Ltd is engaged in designing and delivering a solution for the collection, analysis, and management of distribution assets for electric utilities and communications companies. Its segments include Utility and Communication and Other Business, of which the majority of the revenue comes from Utility and Communication segment which includes broadband fiber and cellular 5G rollout in the United States and Other Business includes sales of Spike into the Signage, Architecture Engineering, and Construction and Geospatial markets. The company generates revenue from its product sales, IKE rental, IKE Solutions, IKE Subscription, and other services provided.

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