Endeavour Group (ASX:EDV) Inventory Turnover : 2.73 (As of Dec. 2023)

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What is Endeavour 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. Endeavour Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$4,375 Mil. Endeavour Group's Average Total Inventories for the quarter that ended in Dec. 2023 was A$1,602 Mil. Endeavour Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Endeavour Group's Days Inventory for the six months ended in Dec. 2023 was 66.83.

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. Endeavour Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.

Endeavour Group Inventory Turnover Historical Data

The historical data trend for Endeavour 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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Endeavour Group Inventory Turnover Chart

Endeavour Group Annual Data

Trend

Jun21

Jun22

Jun23

Inventory Turnover

6.54

6.33

5.60

Endeavour Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			3.47	2.68	2.96	2.28	2.73

Endeavour Group Inventory Turnover Calculation

Endeavour 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 )
=	7864	/ (	(1303	+	1508)	/	2 )
=	7864	/	1405.5
=	5.60

Endeavour 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 )
=	4375	/ (	(1508	+	1696)	/	2 )
=	4375	/	1602
=	2.73

Endeavour Group (ASX:EDV) 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.

Endeavour 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
	=	1602	/	4375	*	365 / 2
	=	66.83

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.

Endeavour 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 )
	=	1602	/	6667
	=	0.24

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.

Endeavour Group Inventory Turnover Related Terms

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Endeavour Group (ASX:EDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Endeavour Group Ltd (ASX:EDV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EDVGF:USA 6BH:Germany

Address

26 Waterloo Street, Surry Hills, NSW, AUS, 2010

Website

https://www.endeavourgroup.com.au

Endeavour Group Ltd is an investment in wide-moat-rated Endeavour Group provides investors with exposure to one of the well-entrenched dividend-paying businesses in the Australian retail landscape. Following decades of enduring organic growth through store rollouts, Endeavour's off-premises retail segment—with more than 1,600 retail outlets mainly across its Dan Murphy's and BWS brands—accounts for approximately half of all off-premises retail liquor sales within Australia. Endeavour's immense scale in the off-premises retail segment is unrivaled within Australia. Indeed, Endeavour's sales are almost three times larger than its nearest retail competitor, Coles.

Endeavour Group (ASX:EDV) Headlines

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