Clicks Group (JSE:CLS) Total Inventories : R7,577 Mil (As of Feb. 2024)

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What is Clicks Group Total Inventories?

Clicks Group's total inventories for the quarter that ended in Feb. 2024 was R7,577 Mil. Clicks Group's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Feb. 2024 was R6,943 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Clicks Group's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was R-28.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Clicks Group's Days Inventory for the six months ended in Feb. 2024 was 76.08.

Inventory Turnover measures how fast the company turns over its inventory within a year. Clicks Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.40.

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. Clicks Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.32.

Clicks Group Total Inventories Historical Data

The historical data trend for Clicks Group's Total Inventories 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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Clicks Group Total Inventories Chart

Clicks Group Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

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4,710.17

4,920.92

5,449.36

6,164.45

6,309.81

Clicks Group Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Total Inventories	Get a 7-Day Free Trial															6,404.16	6,164.45	6,692.06	6,309.81	7,576.99

Clicks Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Clicks Group (JSE:CLS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Clicks Group's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(853.059	+	0.75 * 2465.704	+	0.5 * 7576.991	-	13354.911
-	0	-	0)	/	238.062
=	-28.83

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	6943.4	/	16656.816	*	365 / 2
	=	76.08

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	16656.816	/	6943.4
	=	2.40

4. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	6943.4	/	21804.067
	=	0.32

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Clicks Group Total Inventories Related Terms

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Clicks Group (JSE:CLS) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clicks Group Ltd (JSE:CLS) » Definitions » Total Inventories

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CLCGY:USA

Address

Cnr Searle and Pontac Streets, PO Box 5142, Cape Town, ZAF, 8001

Website

https://www.clicksgroup.co.za

Clicks Group Ltd operates pharmaceutical health and beauty retail stores. The company primarily operates a retail pharmacy chain in South Africa, with a limited number of operations in bordering countries. The company targets middle- to upper-income consumers. Clicks' business strategy focuses on consistent product sourcing, product development, and measured store expansion. The company has a portfolio of retail franchise brands including The Body Shop, GNC, and claire's. Clicks uses United Pharmaceutical Distributors' capabilities for the groups' integrated channel to the healthcare market.