RooLife Group (ASX:RLG) Inventory Turnover : 7.90 (As of Jun. 2024)

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What is RooLife 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. RooLife Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$1.90 Mil. RooLife Group's Average Total Inventories for the quarter that ended in Jun. 2024 was A$0.24 Mil. RooLife Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 7.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RooLife Group's Days Inventory for the six months ended in Jun. 2024 was 23.10.

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. RooLife Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.10.

RooLife Group Inventory Turnover Historical Data

The historical data trend for RooLife 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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RooLife Group Inventory Turnover Chart

RooLife Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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26.71

39.16

33.68

28.85

RooLife Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial										22.37	18.50	16.13	18.56	7.90

RooLife Group Inventory Turnover Calculation

RooLife Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	7.601	/ (	(0.331	+	0.196)	/	2 )
=	7.601	/	0.2635
=	28.85

RooLife Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1.896	/ (	(0.284	+	0.196)	/	2 )
=	1.896	/	0.24
=	7.90

RooLife Group (ASX:RLG) 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.

RooLife Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.24	/	1.896	*	365 / 2
	=	23.10

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.

RooLife Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.24	/	2.396
	=	0.10

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.

RooLife Group Inventory Turnover Related Terms

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RooLife Group Business Description

Industry

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Address

1138 Hay Street, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.roolifegroup.com.au

RooLife Group Ltd is engaged in the provision of fully integrated digital marketing and customer acquisition services driving online sales of products and services. Powered by its hyper-personalization and profiling Artificial Intelligence System, the company provides personalized real-time, targeted marketing, with a key focus on driving sales via its e-commerce marketplaces, enabling businesses to sell directly to Chinese consumers and accept payment via the WeChat and Alipay mobile payments platforms. Geographically, the company generates maximum revenue from China.

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