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SenSen Networks (SenSen Networks) Inventory Turnover : 2.87 (As of Dec. 2023)


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What is SenSen Networks 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. SenSen Networks's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.87 Mil. SenSen Networks's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.30 Mil. SenSen Networks's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SenSen Networks's Days Inventory for the six months ended in Dec. 2023 was 63.68.

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. SenSen Networks's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.


SenSen Networks Inventory Turnover Historical Data

The historical data trend for SenSen Networks'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.

SenSen Networks Inventory Turnover Chart

SenSen Networks Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.24 4.21 14.22 9.10

SenSen Networks Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 4.59 5.34 3.85 2.87

SenSen Networks Inventory Turnover Calculation

SenSen Networks'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 )
=2.224 / ((0.163 + 0.326) / 2 )
=2.224 / 0.2445
=9.10

SenSen Networks'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 )
=0.867 / ((0.326 + 0.279) / 2 )
=0.867 / 0.3025
=2.87

* 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.


SenSen Networks  (OTCPK:SNNSF) 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.

SenSen Networks'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
=0.3025/0.867*365 / 2
=63.68

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.

SenSen Networks'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 )
=0.3025 / 3.629
=0.08

* 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.


SenSen Networks Inventory Turnover Related Terms

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SenSen Networks (SenSen Networks) Business Description

Traded in Other Exchanges
Address
2/570 City Road, Melbourne, VIC, AUS, 3205
SenSen Networks Ltd develops and supplies data-driven business process enhancement solutions in Australia. It provides video-IoT analytics and artificial intelligence data analytics software solutions to customers in different sectors. The company provides solutions to reduce road accidents, ease traffic congestion, automate monotonous and laborious tasks. The principal areas of operation of the group include Smart Cities, Casinos, Retail and Product and Operations.

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