Wizz Air Holdings (CHIX:WIZZL) Inventory Turnover : 3.98 (As of Dec. 2023)

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What is Wizz Air Holdings 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. Wizz Air Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was £1,037 Mil. Wizz Air Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was £261 Mil. Wizz Air Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wizz Air Holdings's Days Inventory for the three months ended in Dec. 2023 was 22.95.

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. Wizz Air Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Wizz Air Holdings Inventory Turnover Historical Data

The historical data trend for Wizz Air Holdings'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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Wizz Air Holdings Inventory Turnover Chart

Wizz Air Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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69.03

45.10

19.29

32.30

22.92

Wizz Air Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															14.60	8.59	8.02	3.41	3.98

Wizz Air Holdings Inventory Turnover Calculation

Wizz Air Holdings'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 )
=	3668.565	/ (	(59.266	+	260.786)	/	2 )
=	3668.565	/	160.026
=	22.92

Wizz Air Holdings'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: Mar. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1036.993	/ (	(260.786	+	0)	/	1 )
=	1036.993	/	260.786
=	3.98

Wizz Air Holdings (CHIX:WIZZl) 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.

Wizz Air Holdings'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
	=	260.786	/	1036.993	*	365 / 4
	=	22.95

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.

Wizz Air Holdings'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 )
	=	260.786	/	917.33
	=	0.28

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.

Wizz Air Holdings Inventory Turnover Related Terms

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Wizz Air Holdings (CHIX:WIZZL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wizz Air Holdings PLC (CHIX:WIZZl) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WZZZY:USA WZZAF:USA WIZZAIR:Hungary WIZZ:UK WI2:Germany

Address

44 The Esplanade, Saint Helier, JEY, JE4 9WG

Website

https://www.wizzair.com

Wizz Air Holdings PLC is one of the fastest-growing airlines in Europe focusing on the Central and Eastern European region. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul routes. Geographically, it derives a majority of its revenue from EU regions.

Wizz Air Holdings (CHIX:WIZZL) Headlines

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