Ann: Hills FY16 Half Year Results, page-35

"In fact, they are carrying 5 months stock, which seems alarmingly high."

HI Jamwolf, you sure your numbers are good??

6 months revenue = $164m
Inventory = $67m

Given the above - $164m revenue divided by 6 months = $27.33m revenue per month
$67m inventory divided by $27.33 = 2.45 months of inventory on hand

At the above rate there would be 4.9 stock turns of inventory per annum

Please feel free to correct the above.

Cheers