Ashtrom Group (XTAE:ASHG) Inventory Turnover : 0.52 (As of Dec. 2023)

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What is Ashtrom 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. Ashtrom Group's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪810 Mil. Ashtrom Group's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪1,562 Mil. Ashtrom Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ashtrom Group's Days Inventory for the three months ended in Dec. 2023 was 175.87.

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. Ashtrom Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.54.

Ashtrom Group Inventory Turnover Historical Data

The historical data trend for Ashtrom 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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Ashtrom Group Inventory Turnover Chart

Ashtrom Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.31

2.03

1.84

2.26

2.38

Ashtrom Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.61	0.66	0.68	0.52

Ashtrom Group Inventory Turnover Calculation

Ashtrom 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 )
=	3828.374	/ (	(1662.296	+	1554.776)	/	2 )
=	3828.374	/	1608.536
=	2.38

Ashtrom 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	810.195	/ (	(1568.226	+	1554.776)	/	2 )
=	810.195	/	1561.501
=	0.52

Ashtrom Group (XTAE:ASHG) 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.

Ashtrom Group's Days Inventory for the three 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
	=	1561.501	/	810.195	*	365 / 4
	=	175.87

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.

Ashtrom 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 )
	=	1561.501	/	1015.869
	=	1.54

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.

Ashtrom Group Inventory Turnover Related Terms

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Ashtrom Group (XTAE:ASHG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ashtrom Group Ltd (XTAE:ASHG) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

10 Kremnicki Street, Tel Aviv, ISR, 6789910

Website

http://www.ashtrom.co.il

Ashtrom Group Ltd operates as a construction company engaged in construction of residential and commercial properties. The company constructs office buildings, commercial centres, industrial buildings and hotels, among others. It is also engaged in the production, marketing, and sale of materials for the construction industries.