Scope Metals Group (XTAE:SCOP) Inventory Turnover : 0.36 (As of Dec. 2024)

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What is Scope Metals Group 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. Scope Metals Group's Cost of Goods Sold for the three months ended in Dec. 2024 was ₪308 Mil. Scope Metals Group's Average Total Inventories for the quarter that ended in Dec. 2024 was ₪856 Mil. Scope Metals Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scope Metals Group's Days Inventory for the three months ended in Dec. 2024 was 253.10.

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. Scope Metals Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.89.

Scope Metals Group Inventory Turnover Historical Data

The historical data trend for Scope Metals Group'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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Scope Metals Group Inventory Turnover Chart

Scope Metals Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.64

1.62

1.59

1.43

1.48

Scope Metals Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.36	0.37	0.38	0.38	0.36

Scope Metals Group Inventory Turnover Calculation

Scope Metals Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1198.579	/ (	(757.939	+	864.859)	/	2 )
=	1198.579	/	811.399
=	1.48

Scope Metals Group'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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	308.43	/ (	(846.142	+	864.859)	/	2 )
=	308.43	/	855.5005
=	0.36

Scope Metals Group (XTAE:SCOP) 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.

Scope Metals Group's Days Inventory for the three 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
	=	855.5005	/	308.43	*	365 / 4
	=	253.10

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.

Scope Metals Group'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 )
	=	855.5005	/	452.723
	=	1.89

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.

Scope Metals Group Inventory Turnover Related Terms

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Scope Metals Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Scope Metals Group Ltd (XTAE:SCOP) » Definitions » Inventory Turnover

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Address

3 Hamerkava Street, Re'em Industrial Park, Bne Ayish, ISR, 60860

Website

http://www.scope-metal.com

Scope Metals Group Ltd operates as a one-stop shop on a Just-In-Time delivery basis. The company supplies stainless steel, aluminum, magnesium, steel and steel alloys, plastics, nickel alloys, brass, bronze, copper, lead and titanium. It offers its products to different industries from food processing and pharmaceuticals, energy, water, chemicals and petrochemicals, fertilizers, aerospace and aviation, machining, military, elevators and construction, solar energy, infrastructure to microelectronics, high tech and more.

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