Flight Centre Travel Group (Flight Centre Travel Group) Inventory Turnover : 4.75 (As of Dec. 2023)

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What is Flight Centre Travel 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. Flight Centre Travel Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $50 Mil. Flight Centre Travel Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $11 Mil. Flight Centre Travel Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flight Centre Travel Group's Days Inventory for the six months ended in Dec. 2023 was 38.46.

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. Flight Centre Travel Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Flight Centre Travel Group Inventory Turnover Historical Data

The historical data trend for Flight Centre Travel 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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Flight Centre Travel Group Inventory Turnover Chart

Flight Centre Travel Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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92.81

18.86

0.20

2.47

8.62

Flight Centre Travel Group 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															0.51	2.58	5.31	3.85	4.75

Flight Centre Travel Group Inventory Turnover Calculation

Flight Centre Travel Group'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 )
=	66.776	/ (	(4.94	+	10.549)	/	2 )
=	66.776	/	7.7445
=	8.62

Flight Centre Travel 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	50.059	/ (	(10.549	+	0)	/	1 )
=	50.059	/	10.549
=	4.75

Flight Centre Travel Group (OTCPK:FGETF) 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.

Flight Centre Travel Group'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
	=	10.549	/	50.059	*	365 / 2
	=	38.46

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.

Flight Centre Travel 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 )
	=	10.549	/	861.661
	=	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.

Flight Centre Travel Group Inventory Turnover Related Terms

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Flight Centre Travel Group (Flight Centre Travel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flight Centre Travel Group Ltd (OTCPK:FGETF) » Definitions » Inventory Turnover

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FLI:Germany FLT:Australia

Address

275 Grey Street, South Brisbane, Brisbane, QLD, AUS, 4101

Website

https://www.fctgl.com

Flight Centre Travel is one of the largest travel agencies in the world. It operates an large network of shops globally, most of them located in Australia, the United States, and Europe. The group operates across the whole spectrum of the travel services market, including leisure travel retailing, in-destination experiences, corporate travel arrangement, and youth travel retailing. The services are facilitated via some 40 brands, with Flight Centre being the flagship brand in the leisure segment and FCM Travel the key brand in the corporate.

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