Global Fashion Group (CHIX:GFGD) Inventory Turnover : 1.94 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Global Fashion 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. Global Fashion Group's Cost of Goods Sold for the three months ended in Dec. 2023 was €238.4 Mil. Global Fashion Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €123.0 Mil. Global Fashion Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Fashion Group's Days Inventory for the three months ended in Dec. 2023 was 47.08.

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. Global Fashion Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Global Fashion Group Inventory Turnover Historical Data

The historical data trend for Global Fashion 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.

* Premium members only.

Global Fashion Group Inventory Turnover Chart

Global Fashion Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.84

3.60

2.45

2.72

3.46

Global Fashion Group Quarterly Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									0.75	0.89	1.18	1.61	1.94

Global Fashion Group Inventory Turnover Calculation

Global Fashion Group'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 )
=	485.1	/ (	(170.2	+	110.5)	/	2 )
=	485.1	/	140.35
=	3.46

Global Fashion Group'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 )
=	238.4	/ (	(135.5	+	110.5)	/	2 )
=	238.4	/	123
=	1.94

Global Fashion Group (CHIX:GFGd) 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.

Global Fashion Group'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
	=	123	/	238.4	*	365 / 4
	=	47.08

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.

Global Fashion Group'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 )
	=	123	/	415.7
	=	0.30

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.

Global Fashion Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Global Fashion Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Fashion Group (CHIX:GFGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Global Fashion Group SA (CHIX:GFGd) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GFG:Germany GFGT:Austria

Address

5, Heienhaff, Senningerberg, LUX, L-1736

Website

https://www.global-fashion-group.com

Global Fashion Group SA is an online fashion portal operating under various brands such as The Iconic, Zalora, Dafiti and Lamoda. The business segments of the company include Asia Pacific(APAC), Latin America(LATAM), and the Commonwealth of Independent States(CIS). Majority revenue is generated from ANZ segment; It operates under The Iconic banner in Australia and New Zealand.