City Chic Collective (ASX:CCX) Inventory Turnover : 1.59 (As of Dec. 2023)

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What is City Chic Collective 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. City Chic Collective's Cost of Goods Sold for the six months ended in Dec. 2023 was A$74.3 Mil. City Chic Collective's Average Total Inventories for the quarter that ended in Dec. 2023 was A$46.6 Mil. City Chic Collective's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. City Chic Collective's Days Inventory for the six months ended in Dec. 2023 was 114.56.

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. City Chic Collective's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

City Chic Collective Inventory Turnover Historical Data

The historical data trend for City Chic Collective'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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City Chic Collective Inventory Turnover Chart

City Chic Collective Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.56

3.52

1.88

1.62

1.74

City Chic Collective Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.03	0.71	0.81	0.80	1.59

City Chic Collective Inventory Turnover Calculation

City Chic Collective'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 )
=	216.805	/ (	(195.936	+	53.798)	/	2 )
=	216.805	/	124.867
=	1.74

City Chic Collective'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 )
=	74.298	/ (	(53.798	+	39.482)	/	2 )
=	74.298	/	46.64
=	1.59

City Chic Collective (ASX:CCX) 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.

City Chic Collective'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
	=	46.64	/	74.298	*	365 / 2
	=	114.56

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.

City Chic Collective'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 )
	=	46.64	/	105.845
	=	0.44

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.

City Chic Collective Inventory Turnover Related Terms

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City Chic Collective (ASX:CCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » City Chic Collective Ltd (ASX:CCX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CCCHF:USA

Address

151 - 163 Wyndham Street, Alexandria, Sydney, NSW, AUS, 2015

Website

https://www.citychiccollective.com.au

City Chic Collective Ltd is a retailer specialising in plus-size women's apparel, footwear and accessories. The company's brands include City Chic, Avenue, Evans, CCX, Hips & Curves, and Fox & Royal. The operating segments of the group are the Asia Pacific (APAC); the Americas; and Europe, Middle East and Africa (EMEA). It derives key revenue from the APAC region which involves the current operations in Australia and New Zealand. Both regions are serviced by stores and website.