Select Harvests (ASX:SHV) Inventory Turnover : 0.35 (As of Mar. 2024)

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What is Select Harvests 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. Select Harvests's Cost of Goods Sold for the six months ended in Mar. 2024 was A$70.1 Mil. Select Harvests's Average Total Inventories for the quarter that ended in Mar. 2024 was A$198.4 Mil. Select Harvests's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Select Harvests's Days Inventory for the six months ended in Mar. 2024 was 516.71.

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. Select Harvests's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.93.

Select Harvests Inventory Turnover Historical Data

The historical data trend for Select Harvests'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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Select Harvests Inventory Turnover Chart

Select Harvests Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.74

1.46

1.19

0.99

1.78

Select Harvests Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.29	0.62	0.83	1.41	0.35

Select Harvests Inventory Turnover Calculation

Select Harvests's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	306.939	/ (	(189.66	+	155.874)	/	2 )
=	306.939	/	172.767
=	1.78

Select Harvests's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	70.09	/ (	(155.874	+	241.016)	/	2 )
=	70.09	/	198.445
=	0.35

Select Harvests (ASX:SHV) 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.

Select Harvests's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	198.445	/	70.09	*	365 / 2
	=	516.71

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.

Select Harvests's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	198.445	/	67.823
	=	2.93

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.

Select Harvests Inventory Turnover Related Terms

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Select Harvests (ASX:SHV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Select Harvests Ltd (ASX:SHV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SHVTF:USA H0I:Germany

Address

570-588 Swan Street, L3, Building 7, Botanicca Corporate Park, Richmond, VIC, AUS, VIC 3121

Website

https://www.selectharvests.com.au

Select Harvests Ltd engages in the processing, packaging, marketing, and distribution of edible nuts, dried fruits, seeds, and a range of natural health foods in Australia. The company operates the Food Division and Almond Division. The Food division accounts for the majority of revenue processes, markets, and distributes edible nuts, dried fruits, seeds, and a range of natural health foods. The Almond Division grows, processes, and sells almonds to the food industry from company-owned almond orchards, and provides a range of management services to external owners of almond orchards, including orchard development, tree supply, farm management, land and irrigation infrastructure rental, and the sale of almonds on behalf of external investors.