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Articore Group (Articore Group) Inventory Turnover : 48.81 (As of Dec. 2023)


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What is Articore 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. Articore Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $128.3 Mil. Articore Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.6 Mil. Articore Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 48.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Articore Group's Days Inventory for the six months ended in Dec. 2023 was 3.74.

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. Articore Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Articore Group Inventory Turnover Historical Data

The historical data trend for Articore 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.

* Premium members only.

Articore Group Inventory Turnover Chart

Articore Group Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial 1,818.48 30.56 65.67 70.64 69.07

Articore Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.58 14.90 52.68 13.42 48.81

Articore Group Inventory Turnover Calculation

Articore Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=198.019 / ((3.106 + 2.628) / 2 )
=198.019 / 2.867
=69.07

Articore Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=128.274 / ((2.628 + 0) / 1 )
=128.274 / 2.628
=48.81

* 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.

Articore Group  (OTCPK:RDBBF) 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.

Articore Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=2.628/128.274*365 / 2
=3.74

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.

Articore Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=2.628 / 202.632
=0.01

* 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.

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.

Articore Group Inventory Turnover Related Terms

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Articore Group (Articore Group) Business Description

Industry
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Address
697 Collins Street, Level 12, Docklands, Melbourne, VIC, AUS, 3008
Website
https://www.redbubble.com
Articore Group Ltd is an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers. The name of the marketplace is Redbubble.com and TeePublic.com. The products are produced and shipped by third-party service providers (i.e. product manufacturers, printers, and shipping companies) referred to as fulfillers. The company's primary geographic markets are Australia, the United States, the United Kingdom, and the rest of the world. The majority of its revenue is derived from the United States.