Livestock Improvement (NZSE:LIC) Inventory Turnover : 0.00 (As of Nov. 2023)

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What is Livestock Improvement 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. Livestock Improvement's Cost of Goods Sold for the six months ended in Nov. 2023 was NZ$20.9 Mil. Livestock Improvement's Average Total Inventories for the quarter that ended in Nov. 2023 was NZ$0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Livestock Improvement's Days Inventory for the six months ended in Nov. 2023 was 0.00.

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. Livestock Improvement's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.00.

Livestock Improvement Inventory Turnover Historical Data

The historical data trend for Livestock Improvement'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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Livestock Improvement Inventory Turnover Chart

Livestock Improvement Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Inventory Turnover

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0.39

0.30

0.34

0.35

0.43

Livestock Improvement Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	Nov23
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.19	0.24	0.26	-

Livestock Improvement Inventory Turnover Calculation

Livestock Improvement's Inventory Turnover for the fiscal year that ended in May. 2022 is calculated as

	Inventory Turnover (A: May. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2022 )	/ (	(Total Inventories (A: May. 2021 )	+	Total Inventories (A: May. 2022 ))	/	count )
=	44.561	/ (	(114.79	+	93.116)	/	2 )
=	44.561	/	103.953
=	0.43

Livestock Improvement's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Nov. 2022 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	20.931	/ (	(0	+	0)	/	1 )
=	20.931	/	0
=	N/A

Livestock Improvement (NZSE:LIC) 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.

Livestock Improvement's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	0	/	20.931	*	365 / 2
	=	0.00

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.

Livestock Improvement's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	0	/	171.949
	=	0.00

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.

Livestock Improvement Inventory Turnover Related Terms

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Livestock Improvement (NZSE:LIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Livestock Improvement Corp Ltd (NZSE:LIC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

605 Ruakura Road, Newstead, Hamilton, NTL, NZL, 3286

Website

https://www.lic.co.nz

Livestock Improvement Corp Ltd is an agri-tech and herd improvement company. The company's operating segments include NZ market genetics; Herd testing; Farm software and Diagnostics. It generates maximum revenue from the NZ market genetics segment. The NZ market genetics segment provides bovine genetic breeding material and related services, predominately to dairy farmers. Geographically, it derives a majority of revenue from New Zealand.

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