Hollywood Bowl Group (LSE:BOWL) Inventory Turnover : 23.30 (As of Sep. 2023)

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What is Hollywood Bowl 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. Hollywood Bowl Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £59.2 Mil. Hollywood Bowl Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £2.5 Mil. Hollywood Bowl Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 23.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hollywood Bowl Group's Days Inventory for the six months ended in Sep. 2023 was 7.83.

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. Hollywood Bowl Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

Hollywood Bowl Group Inventory Turnover Historical Data

The historical data trend for Hollywood Bowl 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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Hollywood Bowl Group Inventory Turnover Chart

Hollywood Bowl Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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15.04

9.05

7.32

34.97

34.06

Hollywood Bowl Group Semi-Annual Data
	Sep13	Sep14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial														6.62	8.53	25.45	7.93	23.30

Hollywood Bowl Group Inventory Turnover Calculation

Hollywood Bowl 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 )
=	78.208	/ (	(2.148	+	2.445)	/	2 )
=	78.208	/	2.2965
=	34.06

Hollywood Bowl Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	59.236	/ (	(2.639	+	2.445)	/	2 )
=	59.236	/	2.542
=	23.30

Hollywood Bowl Group (LSE:BOWL) 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.

Hollywood Bowl Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.542	/	59.236	*	365 / 2
	=	7.83

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.

Hollywood Bowl Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.542	/	104.838
	=	0.02

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.

Hollywood Bowl Group Inventory Turnover Related Terms

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Hollywood Bowl Group (LSE:BOWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hollywood Bowl Group PLC (LSE:BOWL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BOWLl:UK 2H4:Germany

Address

Cleveland Road, Focus 31, West Wing, Hemel Hempstead Industrial Estate, Hemel Hempstead, Hertfordshire, GBR, HP2 7BW

Website

https://www.hollywoodbowlgroup.com

Hollywood Bowl Group PLC is a ten-pin bowling operator across the United Kingdom under the Hollywood Bowl, Splitsville and Puttstars brands. The company specializes in operating bowling centres, located on out of town multi-use leisure parks and large retail parks with all of the centres occupied by the company on a leasehold basis. The centres are designed to offer a complete family entertainment experience with each centre offering bowling lanes, on-site dining, licensed bars, and family games arcades. The company has two reporting segments, being the provision of ten-pin bowling and mini-golf centres in the United Kingdom which generates the majority of the revenue, and the provision of ten-pin bowling and mini-golf centres and the installation of bowling equipment in Canada.