Amiad Water Systems (XTAE:AMD) Inventory Turnover : 0.47 (As of Sep. 2024)

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What is Amiad Water Systems 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. Amiad Water Systems's Cost of Goods Sold for the three months ended in Sep. 2024 was ₪69.2 Mil. Amiad Water Systems's Average Total Inventories for the quarter that ended in Sep. 2024 was ₪146.8 Mil. Amiad Water Systems's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amiad Water Systems's Days Inventory for the three months ended in Sep. 2024 was 193.62.

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. Amiad Water Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.43.

Amiad Water Systems Inventory Turnover Historical Data

The historical data trend for Amiad Water Systems'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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Amiad Water Systems Inventory Turnover Chart

Amiad Water Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.41

2.25

2.05

1.75

1.79

Amiad Water Systems Quarterly Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.51	0.48	0.53	0.47

Amiad Water Systems Inventory Turnover Calculation

Amiad Water Systems's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	270.405	/ (	(158.705	+	144.022)	/	2 )
=	270.405	/	151.3635
=	1.79

Amiad Water Systems's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	69.182	/ (	(142.456	+	151.127)	/	2 )
=	69.182	/	146.7915
=	0.47

Amiad Water Systems (XTAE:AMD) 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.

Amiad Water Systems's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	146.7915	/	69.182	*	365 / 4
	=	193.62

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.

Amiad Water Systems's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	146.7915	/	102.979
	=	1.43

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.

Amiad Water Systems Inventory Turnover Related Terms

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Amiad Water Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Amiad Water Systems Ltd (XTAE:AMD) » Definitions » Inventory Turnover

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Address

D.N. Galil Elyon 1, Kibbutz Amiad, ISR, 1233500

Website

https://www.amiad.com

Amiad Water Systems Ltd is a producer and supplier of water filters and filtration systems. The company concentrates on automatic self-cleaning filters that require low maintenance and can be adapted to provide bespoke solutions to a wide range of applications in a number of industries, in addition to a variety of other applications in the irrigation market. Geographically, it has a presence in the Americas, Aisa-Pacific, and Europe, Middle East, and Africa.