VSTE (Vast Renewables) Inventory Turnover : 0.23 (As of Dec. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Vast Renewables 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. Vast Renewables's Cost of Goods Sold for the six months ended in Dec. 2024 was $0.17 Mil. Vast Renewables's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.72 Mil. Vast Renewables's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vast Renewables's Days Inventory for the six months ended in Dec. 2024 was 787.92.

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.

Vast Renewables Inventory Turnover Historical Data

The historical data trend for Vast Renewables'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.

Vast Renewables Inventory Turnover Chart

Vast Renewables Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

Vast Renewables Semi-Annual Data
	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial				-	-	-	-	0.23

Vast Renewables Inventory Turnover Calculation

Vast Renewables's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	0.815	/ (	(0	+	0)	/	1 )
=	0.815	/	0
=	N/A

Vast Renewables's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	0.167	/ (	(0	+	0.721)	/	1 )
=	0.167	/	0.721
=	0.23

Vast Renewables (NAS:VSTE) 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.

Vast Renewables's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.721	/	0.167	*	365 / 2
	=	787.92

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.

Vast Renewables's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.721	/	0
	=

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.

Vast Renewables Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Vast Renewables's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vast Renewables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vast Renewables Ltd (NAS:VSTE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Walker Street, Suite 7.02, North Sydney, NSW, AUS, 2060

Website

https://www.vast.energy

Vast Renewables Ltd is a clean, renewable energy company specializing in the design and manufacturing of concentrated solar thermal power (CSP) systems to generate carbon-free, utility-scale electricity, industrial heat, and green fuels. The Company's differentiated modular CSP system, utilizing proprietary sodium loop heat transfer technology, provides customers with a solution to the enduring challenge of intermittent renewable energy through 24/7 dispatchable power and heat.