Codan (ASX:CDA) Inventory-to-Revenue : 0.45 (As of Dec. 2023)

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What is Codan Inventory-to-Revenue?

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. Codan's Average Total Inventories for the quarter that ended in Dec. 2023 was A$119.9 Mil. Codan's Revenue for the six months ended in Dec. 2023 was A$265.9 Mil. Codan's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Codan's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.48) to Jun. 2023 (0.45)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Codan's Days Inventory for the six months ended in Dec. 2023 was 182.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Codan's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Codan Inventory-to-Revenue Historical Data

The historical data trend for Codan's Inventory-to-Revenue 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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Codan Inventory-to-Revenue Chart

Codan Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory-to-Revenue

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0.13

0.10

0.11

0.17

0.25

Codan Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.30	0.38	0.51	0.48	0.45

Competitive Comparison of Codan's Inventory-to-Revenue

For the Scientific & Technical Instruments subindustry, Codan's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Codan's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Codan's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Codan's Inventory-to-Revenue falls into.

Codan Inventory-to-Revenue Calculation

Codan's Inventory-to-Revenue for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory-to-Revenue (A: Jun. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )
=	( (102.488	+	121.401)	/	2 )	/	456.468
=	111.9445					/	456.468
=	0.25

Codan's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (121.401	+	118.411)	/	2 )	/	265.918
=	119.906					/	265.918
=	0.45

Codan (ASX:CDA) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Codan's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	119.906	/	119.813	*	365 / 2
	=	182.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Codan's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	119.813	/	119.906
	=	1.00

Codan Inventory-to-Revenue Related Terms

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Codan (ASX:CDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Codan Ltd (ASX:CDA) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

CODAF:USA

Address

Technology Park, 2 Second Avenue, Mawson Lakes, SA, AUS, 5095

Website

https://www.codan.com.au

Codan Ltd develops electronics solutions for government, corporate, non-governmental organizations (NGO) and consumer markets across the globe. It operates through the following business segments: The communications segment includes the design, development, manufacture and marketing of communications equipment. The Metal detection segment includes the design, development, manufacture and marketing of metal detection equipment; The tracking solutions segment includes the design, manufacture, maintenance and support of a range of electronic products. The firm generates the majority of revenue from the Communications segment.

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