SYKWF (Sky Network Television) Inventory Turnover : 1.57 (As of Jun. 2024)

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What is Sky Network Television 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. Sky Network Television's Cost of Goods Sold for the six months ended in Jun. 2024 was $118.9 Mil. Sky Network Television's Average Total Inventories for the quarter that ended in Jun. 2024 was $75.9 Mil. Sky Network Television's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sky Network Television's Days Inventory for the six months ended in Jun. 2024 was 116.51.

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. Sky Network Television's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.33.

Sky Network Television Inventory Turnover Historical Data

The historical data trend for Sky Network Television'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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Sky Network Television Inventory Turnover Chart

Sky Network Television Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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3.33

3.19

3.09

2.97

3.01

Sky Network Television Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.68	1.56	1.39	1.56	1.57

Sky Network Television Inventory Turnover Calculation

Sky Network Television'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 )
=	240.412	/ (	(82.707	+	77.13)	/	2 )
=	240.412	/	79.9185
=	3.01

Sky Network Television'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 )
=	118.949	/ (	(74.749	+	77.13)	/	2 )
=	118.949	/	75.9395
=	1.57

Sky Network Television (OTCPK:SYKWF) 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.

Sky Network Television'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
	=	75.9395	/	118.949	*	365 / 2
	=	116.51

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.

Sky Network Television'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 )
	=	75.9395	/	229.618
	=	0.33

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.

Sky Network Television Inventory Turnover Related Terms

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Sky Network Television Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sky Network Television Ltd (OTCPK:SYKWF) » Definitions » Inventory Turnover

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SKT:New Zealand SKT:Australia

Address

10 Panorama Road, Mt Wellington, Auckland, NZL, 1060

Website

https://www.sky.co.nz

Sky Network Television is the only traditional, set-top-box-based pay-TV service operator in New Zealand. It distributes local and overseas content, including sports, to its customers via a digital satellite network. It generates subscription and content revenue from these customers via set-top-boxes. This business is augmented by an advertising-supported free-to-air television channel, Prime. Sky also operates subscription video on demand, or SVOD, streaming businesses Sky Sports Now and Neon, while it began reselling fixed-line fiber broadband access in 2021.