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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. FirstCash Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $434 Mil. FirstCash Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $313 Mil. FirstCash Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FirstCash Holdings's Days Inventory for the three months ended in Dec. 2023 was 65.79.
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. FirstCash Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.
The historical data trend for FirstCash 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.
FirstCash Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 3.13 | 3.16 | 3.44 | 5.31 | 5.48 |
FirstCash Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 1.37 | 1.52 | 1.52 | 1.37 | 1.39 |
FirstCash Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 1644.557 | / ( | (288.339 | + | 312.089) | / | 2 ) |
= | 1644.557 | / | 300.214 | ||||
= | 5.48 |
FirstCash Holdings'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: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) |
= | 434.485 | / ( | (314.382 | + | 312.089) | / | 2 ) |
= | 434.485 | / | 313.2355 | ||||
= | 1.39 |
* 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.
FirstCash Holdings (NAS:FCFS) 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.
FirstCash Holdings's Days Inventory for the three 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 |
= | 313.2355 | / | 434.485 | * | 365 / 4 | |
= | 65.79 |
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.
FirstCash Holdings'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 ) |
= | 313.2355 | / | 852.134 | |
= | 0.37 |
* 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.
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.
Thank you for viewing the detailed overview of FirstCash Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
R Douglas Orr | officer: EVP & Chief Financial Officer | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
Douglas Richard Rippel | director, 10 percent owner | 8425 MYSTIC LAKES, MAIZE KS 67101 |
Randel G Owen | director | C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111 |
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Douglas R. Rippel Revocable Trust | 10 percent owner | 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205 |
Aff Services, Inc. | 10 percent owner | 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205 |
Paula K Garrett | director | 1600 WEST 7TH ST, FORT WORTH TX 76102 |
Mikel D Faulkner | director | 180 STATE STREET 200, SOUTHLAKE TX 76092 |
Daniel R Feehan | director | CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102 |
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Anna M Alvarado | officer: General Counsel | 1600 WEST 7TH STREET, FORT WORTH TX 76102 |
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