Zinc Media Group (LSE:ZIN) Inventory Turnover : 75.65 (As of Dec. 2023)

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What is Zinc Media 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. Zinc Media Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £13.69 Mil. Zinc Media Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.18 Mil. Zinc Media Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 75.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zinc Media Group's Days Inventory for the six months ended in Dec. 2023 was 2.41.

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. Zinc Media Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Zinc Media Group Inventory Turnover Historical Data

The historical data trend for Zinc Media 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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Zinc Media Group Inventory Turnover Chart

Zinc Media Group Annual Data

Trend

Mar12

Mar13

Jun15

Jun16

Jun17

Jun18

Jun19

Dec21

Dec22

Dec23

Inventory Turnover

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55.66

60.69

46.58

132.98

357.76

Zinc Media Group Semi-Annual Data
	Sep13	Mar14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															32.27	50.26	185.54	57.18	75.65

Zinc Media Group Inventory Turnover Calculation

Zinc Media Group'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 )
=	24.328	/ (	(0.073	+	0.063)	/	2 )
=	24.328	/	0.068
=	357.76

Zinc Media Group'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 )
=	13.692	/ (	(0.299	+	0.063)	/	2 )
=	13.692	/	0.181
=	75.65

Zinc Media Group (LSE:ZIN) 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.

Zinc Media Group'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
	=	0.181	/	13.692	*	365 / 2
	=	2.41

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.

Zinc Media Group'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 )
	=	0.181	/	22.153
	=	0.01

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.

Zinc Media Group Inventory Turnover Related Terms

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Zinc Media Group (LSE:ZIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Zinc Media Group PLC (LSE:ZIN) » Definitions » Inventory Turnover

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ZIN.GB:UK

Address

17 Dominion Street, 1st Floor, London, GBR, EC2M 2EF

Website

https://www.zincmedia.com

Zinc Media Group PLC is a multimedia producer of TV programming with publishing and communications content. The activities undertaken by the TV segment include the production of television content. The Content Production segment includes brand and corporate film production, radio and podcast production and publishing. The majority of its revenue is earned from TV production. The Group comprises twelve businesses that operate in two areas: television production (Tern TV, Brook Lapping, Red Sauce, Supercollider, Rex, Bumblebee and Atomic TV) and content production for brands and businesses (The Edge and the Zinc Communicate businesses in Brand Entertainment, Audio, Corporate Film and Publishing). Geographically, the majority is from the United Kingdom.

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