Port of Tauranga (NZSE:POT) Inventory Turnover : 28.93 (As of Dec. 2023)

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What is Port of Tauranga 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. Port of Tauranga's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$55.2 Mil. Port of Tauranga's Average Total Inventories for the quarter that ended in Dec. 2023 was NZ$1.9 Mil. Port of Tauranga's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Port of Tauranga's Days Inventory for the six months ended in Dec. 2023 was 6.31.

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. Port of Tauranga's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Port of Tauranga Inventory Turnover Historical Data

The historical data trend for Port of Tauranga'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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Port of Tauranga Inventory Turnover Chart

Port of Tauranga Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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84.31

52.06

67.46

65.71

58.91

Port of Tauranga 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															40.73	30.75	28.29	29.35	28.93

Port of Tauranga Inventory Turnover Calculation

Port of Tauranga'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 )
=	117.797	/ (	(2.013	+	1.986)	/	2 )
=	117.797	/	1.9995
=	58.91

Port of Tauranga'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 )
=	55.189	/ (	(1.986	+	1.829)	/	2 )
=	55.189	/	1.9075
=	28.93

Port of Tauranga (NZSE:POT) 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.

Port of Tauranga'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
	=	1.9075	/	55.189	*	365 / 2
	=	6.31

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.

Port of Tauranga'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 )
	=	1.9075	/	199.688
	=	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.

Port of Tauranga Inventory Turnover Related Terms

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Port of Tauranga (NZSE:POT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Port of Tauranga Ltd (NZSE:POT) » Definitions » Inventory Turnover

Traded in Other Exchanges

PKF1:Germany

Address

Salisbury Avenue, Private Bag 12504, Tauranga Mail Centre, Mount Maunganui, Tauranga, NTL, NZL, 3143

Website

https://www.port-tauranga.co.nz

The Port of Tauranga Limited, situated in the Bay of Plenty on the east coast of New Zealand, is the country's largest port, handling both container and break bulk cargo. It is involved in export and import of cargo and runs a rail link through to Auckland. The biggest commodities traded through the port are logs and forestry, dairy, fertilizers, oil and coal. The firm's principal activities also include the leasing of land and buildings.

Port of Tauranga (NZSE:POT) Headlines

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