AoFrio (NZSE:AOF) Inventory Turnover : 2.67 (As of Dec. 2023)

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What is AoFrio 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. AoFrio's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$25.59 Mil. AoFrio's Average Total Inventories for the quarter that ended in Dec. 2023 was NZ$9.57 Mil. AoFrio's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AoFrio's Days Inventory for the six months ended in Dec. 2023 was 68.28.

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. AoFrio's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

AoFrio Inventory Turnover Historical Data

The historical data trend for AoFrio'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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AoFrio Inventory Turnover Chart

AoFrio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.31

6.41

11.56

7.97

5.27

AoFrio Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.26	4.14	3.89	2.18	2.67

AoFrio Inventory Turnover Calculation

AoFrio'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 )
=	46.564	/ (	(8.877	+	8.803)	/	2 )
=	46.564	/	8.84
=	5.27

AoFrio'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 )
=	25.59	/ (	(10.346	+	8.803)	/	2 )
=	25.59	/	9.5745
=	2.67

AoFrio (NZSE:AOF) 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.

AoFrio'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
	=	9.5745	/	25.59	*	365 / 2
	=	68.28

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.

AoFrio'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 )
	=	9.5745	/	36.444
	=	0.26

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.

AoFrio Inventory Turnover Related Terms

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AoFrio (NZSE:AOF) Business Description

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Address

21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632

Website

https://www.aofrio.com

AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

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