Clydestone Ghana (XGHA:CLYD) Inventory Turnover : 1.20 (As of Jun. 2023)

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What is Clydestone Ghana 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. Clydestone Ghana's Cost of Goods Sold for the three months ended in Jun. 2023 was GHS0.61 Mil. Clydestone Ghana's Average Total Inventories for the quarter that ended in Jun. 2023 was GHS0.50 Mil. Clydestone Ghana's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clydestone Ghana's Days Inventory for the three months ended in Jun. 2023 was 75.82.

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. Clydestone Ghana's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.98.

Clydestone Ghana Inventory Turnover Historical Data

The historical data trend for Clydestone Ghana'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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Clydestone Ghana Inventory Turnover Chart

Clydestone Ghana Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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17.61

14.12

7.10

4.73

11.58

Clydestone Ghana Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.59	10.10	-0.66	1.73	1.20

Clydestone Ghana Inventory Turnover Calculation

Clydestone Ghana'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 )
=	5.207	/ (	(0.38	+	0.519)	/	2 )
=	5.207	/	0.4495
=	11.58

Clydestone Ghana'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.606	/ (	(0.627	+	0.38)	/	2 )
=	0.606	/	0.5035
=	1.20

Clydestone Ghana (XGHA:CLYD) 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.

Clydestone Ghana's Days Inventory for the three 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
	=	0.5035	/	0.606	*	365 / 4
	=	75.82

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.

Clydestone Ghana'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 )
	=	0.5035	/	0.516
	=	0.98

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.

Clydestone Ghana Inventory Turnover Related Terms

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Clydestone Ghana (XGHA:CLYD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clydestone Ghana PLC (XGHA:CLYD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 14 Adebeto Close, P.O. Box CT 1003, North Labone, Accra, GHA

Website

https://www.clydestone.com

Clydestone Ghana Ltd is an information and communications technology company with offices in Ghana, Nigeria, and Kenya. The company has developed cutting-edge solutions in the areas of financial document processing, remittance processing, and transaction switching. The company provides IT solutions in Africa, currently providing Cheque Truncation Systems to Ghana's Banks. Its product list includes G-Switch, G-Secure, Remita, UnionPay, Automated Cheque Clearing, ATM and Cash Processing, Multi-vendor ATM Software, and Multi-factor Authentication.

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