IG Design Group (LSE:IGR) Inventory Turnover : 1.64 (As of Sep. 2023)

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What is IG Design 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. IG Design Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £283.7 Mil. IG Design Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £173.4 Mil. IG Design Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IG Design Group's Days Inventory for the six months ended in Sep. 2023 was 111.59.

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. IG Design Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.48.

IG Design Group Inventory Turnover Historical Data

The historical data trend for IG Design 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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IG Design Group Inventory Turnover Chart

IG Design Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.13

4.17

3.93

4.23

3.62

IG Design Group Semi-Annual Data
	Mar14	Sep14	Mar15	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															1.87	1.82	1.88	1.32	1.64

IG Design Group Inventory Turnover Calculation

IG Design Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	625.061	/ (	(175.242	+	170.095)	/	2 )
=	625.061	/	172.6685
=	3.62

IG Design 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 )
=	283.663	/ (	(170.095	+	176.786)	/	2 )
=	283.663	/	173.4405
=	1.64

IG Design Group (LSE:IGR) 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.

IG Design 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
	=	173.4405	/	283.663	*	365 / 2
	=	111.59

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.

IG Design 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 )
	=	173.4405	/	358.792
	=	0.48

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.

IG Design Group Inventory Turnover Related Terms

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IG Design Group (LSE:IGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » IG Design Group PLC (LSE:IGR) » Definitions » Inventory Turnover

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Traded in Other Exchanges

IGR.GB:UK

Address

Howard Way, Howard House, Interchange Park, Newport Pagnell, GBR, MK16 9PX

Website

https://www.thedesigngroup.com

IG Design Group PLC is a UK-based company that operates in a single segment of design, manufacture, and distribution of Celebrations, Craft and creative play, Stationery, Gifting, and 'Not-for-resale' consumable products. Its Celebrations products are greetings cards, gift wrap, Christmas crackers, gift bags, and partyware. Gifting items include food and non-food gifts, photo Frames and Albums, and Calendars. Its Craft product ranges include Ribbons and Trim, Sewing Patterns, Buttons, Needlecrafts, and Kids Craft lines. The not-For-resale category includes Paper Twist Handle Bags and Polaris. It operates in two geographical segments: DG Americas, which includes overseas operations; and DG International, which consists of the UK and associated Asian operations, Europe, and Australia.