FleetPartners Group (ASX:FPR) Inventory Turnover : 7.86 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is FleetPartners 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. FleetPartners Group's Cost of Goods Sold for the six months ended in Mar. 2024 was A$122.7 Mil. FleetPartners Group's Average Total Inventories for the quarter that ended in Mar. 2024 was A$15.6 Mil. FleetPartners Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FleetPartners Group's Days Inventory for the six months ended in Mar. 2024 was 23.23.

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. FleetPartners Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

FleetPartners Group Inventory Turnover Historical Data

The historical data trend for FleetPartners 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.

* Premium members only.

FleetPartners Group Inventory Turnover Chart

FleetPartners Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

Get a 7-Day Free Trial

7.27

9.99

9.91

11.76

13.96

FleetPartners Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial													5.82	7.26	7.95	7.71	7.86

FleetPartners Group Inventory Turnover Calculation

FleetPartners Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	223.917	/ (	(14.102	+	17.972)	/	2 )
=	223.917	/	16.037
=	13.96

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	122.687	/ (	(17.972	+	13.256)	/	2 )
=	122.687	/	15.614
=	7.86

FleetPartners Group (ASX:FPR) 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.

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

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	15.614	/	122.687	*	365 / 2
	=	23.23

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	15.614	/	332.842
	=	0.05

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.

FleetPartners Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of FleetPartners Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

No Headlines