Vodafone Group (Vodafone Group) Inventory Turnover

: 15.52 (As of Sep. 2023)

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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. Vodafone Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $16,304 Mil. Vodafone Group's Average Total Inventories for the quarter that ended in Sep. 2023 was $1,050 Mil. Vodafone Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 15.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vodafone Group's Days Inventory for the six months ended in Sep. 2023 was 11.76.

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. Vodafone Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Vodafone Group Inventory Turnover Historical Data

The historical data trend for Vodafone 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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Vodafone Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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44.75

46.20

48.88

39.03

33.98

Vodafone 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															21.60	19.36	16.22	16.31	15.52

Vodafone Group Inventory Turnover Calculation

Vodafone 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 )
=	33029.978	/ (	(920.705	+	1023.555)	/	2 )
=	33029.978	/	972.13
=	33.98

Vodafone 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 )
=	16304.162	/ (	(1023.555	+	1076.841)	/	2 )
=	16304.162	/	1050.198
=	15.52

Vodafone Group (NAS:VOD) 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.

Vodafone 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
	=	1050.198	/	16304.162	*	365 / 2
	=	11.76

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.

Vodafone 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 )
	=	1050.198	/	23411.953
	=	0.04

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.

Vodafone Group Inventory Turnover Related Terms

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Vodafone Group (Vodafone Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

VODPF:USA VOD N:Mexico VODl:UK VOD:UK VODI:Germany V1OD34:Brazil VOD:Austria VOD:Argentina

Address

Vodafone House, The Connection, Newbury, Berkshire, GBR, RG14 2FN

Website

https://www.vodafone.com

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.