RedFlow (ASX:RFX) Inventory Turnover : 2.36 (As of Dec. 2023)

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What is RedFlow 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. RedFlow's Cost of Goods Sold for the six months ended in Dec. 2023 was A$7.13 Mil. RedFlow's Average Total Inventories for the quarter that ended in Dec. 2023 was A$3.02 Mil. RedFlow's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RedFlow's Days Inventory for the six months ended in Dec. 2023 was 77.21.

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. RedFlow's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 47.87.

RedFlow Inventory Turnover Historical Data

The historical data trend for RedFlow'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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RedFlow Inventory Turnover Chart

RedFlow Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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0.57

0.82

1.15

1.31

2.02

RedFlow Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.68	0.69	0.72	1.24	2.36

RedFlow Inventory Turnover Calculation

RedFlow's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	6.433	/ (	(3.625	+	2.737)	/	2 )
=	6.433	/	3.181
=	2.02

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7.128	/ (	(2.737	+	3.294)	/	2 )
=	7.128	/	3.0155
=	2.36

RedFlow (ASX:RFX) 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.

RedFlow'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
	=	3.0155	/	7.128	*	365 / 2
	=	77.21

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.0155	/	0.063
	=	47.87

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.

RedFlow Inventory Turnover Related Terms

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RedFlow (ASX:RFX) Business Description

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REFXF:USA 2RF:Germany

Address

1/27 Counihan Road, Seventeen Mile Rocks, Brisbane, QLD, AUS, 4073

Website

http://www.redflow.com.au

RedFlow Ltd consists of the development, manufacture, and sale of its bromine flowing electrolyte battery module (ZBM). The company's batteries provide sustainable energy storage solutions for various applications, including telecommunications, renewables integration, on and off-grid remote power, microgrids and smart grids, and transmission and distribution deferral. Redflow batteries are designed for high cycle-rate, long time-base stationary energy storage applications in the residential, commercial and industrial, and telecommunications sectors, and are scalable from a single battery installation through to grid-scale deployments.

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