Crest Nicholson Holdings (LSE:CRST) Inventory Turnover : 0.22 (As of Apr. 2024)

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What is Crest Nicholson Holdings 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. Crest Nicholson Holdings's Cost of Goods Sold for the six months ended in Apr. 2024 was £255.3 Mil. Crest Nicholson Holdings's Average Total Inventories for the quarter that ended in Apr. 2024 was £1,173.4 Mil. Crest Nicholson Holdings's Inventory Turnover for the quarter that ended in Apr. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Crest Nicholson Holdings's Days Inventory for the six months ended in Apr. 2024 was 838.76.

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. Crest Nicholson Holdings's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 4.56.

Crest Nicholson Holdings Inventory Turnover Historical Data

The historical data trend for Crest Nicholson Holdings'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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Crest Nicholson Holdings Inventory Turnover Chart

Crest Nicholson Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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0.76

0.57

0.62

0.81

0.53

Crest Nicholson Holdings Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Inventory Turnover	Get a 7-Day Free Trial															0.36	0.41	0.21	0.31	0.22

Crest Nicholson Holdings Inventory Turnover Calculation

Crest Nicholson Holdings's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	571.2	/ (	(990.1	+	1164.8)	/	2 )
=	571.2	/	1077.45
=	0.53

Crest Nicholson Holdings's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	255.3	/ (	(1164.8	+	1181.9)	/	2 )
=	255.3	/	1173.35
=	0.22

Crest Nicholson Holdings (LSE:CRST) 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.

Crest Nicholson Holdings's Days Inventory for the six months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	1173.35	/	255.3	*	365 / 2
	=	838.76

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.

Crest Nicholson Holdings's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	1173.35	/	257.5
	=	4.56

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.

Crest Nicholson Holdings Inventory Turnover Related Terms

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Crest Nicholson Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Crest Nicholson Holdings PLC (LSE:CRST) » Definitions » Inventory Turnover

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CRSTl:UK C38:Germany

Address

500 Dashwood Lang Road, Bourne Business Park, Addlestone, Surrey, GBR, KT15 2HJ

Website

https://www.crestnicholson.com

Crest Nicholson Holdings PLC is a British construction company that focuses on residential property in the southern half of England. The company plans, designs, and builds single-family housing communities, apartment and townhome complexes, and commercial properties. Crest Nicholson has six established housebuilding divisions. It also operates a dedicated Partnerships & Strategic Land (PSL) division has established a strong reputation to work in conjunction with partners to deliver Crest Nicholson homes across a range of tenure types. They aim to maximise value for both parties through scheme design and placemaking principles and demonstrating sector-wide knowledge across all housing, land and planning matters.

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