TCIIF (Tracsis) Inventory Turnover : 13.87 (As of Jul. 2024)

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What is Tracsis 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. Tracsis's Cost of Goods Sold for the six months ended in Jul. 2024 was $26.4 Mil. Tracsis's Average Total Inventories for the quarter that ended in Jul. 2024 was $1.9 Mil. Tracsis's Inventory Turnover for the quarter that ended in Jul. 2024 was 13.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tracsis's Days Inventory for the six months ended in Jul. 2024 was 13.16.

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. Tracsis's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.03.

Tracsis Inventory Turnover Historical Data

The historical data trend for Tracsis'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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Tracsis Inventory Turnover Chart

Tracsis Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Inventory Turnover

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41.85

39.75

34.65

25.87

23.50

Tracsis Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															19.43	12.61	13.32	9.86	13.87

Tracsis Inventory Turnover Calculation

Tracsis's Inventory Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Inventory Turnover (A: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2024 )	/ (	(Total Inventories (A: Jul. 2023 )	+	Total Inventories (A: Jul. 2024 ))	/	count )
=	45.056	/ (	(1.888	+	1.946)	/	2 )
=	45.056	/	1.917
=	23.50

Tracsis's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	26.369	/ (	(1.856	+	1.946)	/	2 )
=	26.369	/	1.901
=	13.87

Tracsis (OTCPK:TCIIF) 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.

Tracsis's Days Inventory for the six months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	1.901	/	26.369	*	365 / 2
	=	13.16

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.

Tracsis's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	1.901	/	57.194
	=	0.03

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.

Tracsis Inventory Turnover Related Terms

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Tracsis Business Description

Industry

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TRCS.GB:UK TRCS:UK

Address

Discovery Way, Nexus, Leeds, GBR, LS2 3AA

Website

https://www.tracsis.com

Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Europe, North America Australia, and the Rest of the world.

Tracsis Headlines

From GuruFocus

Full Year 2023 Tracsis PLC Earnings Call Transcript

By GuruFocus Research • 03-27-2024