Barramundi Group (OSL:BARRA) Inventory Turnover : 0.78 (As of Jun. 2023)

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What is Barramundi 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. Barramundi Group's Cost of Goods Sold for the six months ended in Jun. 2023 was kr125.1 Mil. Barramundi Group's Average Total Inventories for the quarter that ended in Jun. 2023 was kr160.6 Mil. Barramundi Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Barramundi Group's Days Inventory for the six months ended in Jun. 2023 was 234.25.

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. Barramundi Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.20.

Barramundi Group Inventory Turnover Historical Data

The historical data trend for Barramundi 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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Barramundi Group Inventory Turnover Chart

Barramundi Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.04

1.80

1.35

1.65

2.01

Barramundi Group Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial			0.67	0.89	1.01	0.93	0.78

Barramundi Group Inventory Turnover Calculation

Barramundi Group'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 )
=	311.269	/ (	(150.822	+	158.142)	/	2 )
=	311.269	/	154.482
=	2.01

Barramundi Group'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 )
=	125.086	/ (	(158.142	+	162.965)	/	2 )
=	125.086	/	160.5535
=	0.78

Barramundi Group (OSL:BARRA) 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.

Barramundi Group'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
	=	160.5535	/	125.086	*	365 / 2
	=	234.25

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.

Barramundi Group'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 )
	=	160.5535	/	133.475
	=	1.20

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.

Barramundi Group Inventory Turnover Related Terms

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Barramundi Group (OSL:BARRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Barramundi Group Ltd (OSL:BARRA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

95Z:Germany

Address

80 Robinson Road, No 25-01, Singapore, SGP, 068898

Website

https://www.barramundi.com

Barramundi Group Ltd brings a premium white fish with a sweet, buttery taste and delicate texture. The company operation spans the entire value chain, from Genetics and Fish Health to Farming, Product Innovation, and Distribution. The company markets its products under the brand names Kuhlbarra, Cone Bay Ocean Barramundi, Fassler Gourmet, and St. John's SeaBass. The group operates at ocean sites in Australia, Singapore, and Brunei.

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