Esprit Holdings (Esprit Holdings) Inventory Turnover : 1.01 (As of Jun. 2023)

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What is Esprit 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. Esprit Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $213.6 Mil. Esprit Holdings's Average Total Inventories for the quarter that ended in Jun. 2023 was $211.3 Mil. Esprit Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Esprit Holdings's Days Inventory for the six months ended in Jun. 2023 was 180.53.

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. Esprit Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.55.

Esprit Holdings Inventory Turnover Historical Data

The historical data trend for Esprit 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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Esprit Holdings Inventory Turnover Chart

Esprit Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Inventory Turnover

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2.76

3.30

3.18

2.63

2.21

Esprit Holdings 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															1.66	1.30	1.32	1.01	1.23

Esprit Holdings Inventory Turnover Calculation

Esprit Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	537.545	/ (	(181.177	+	228.248)	/	2 )
=	537.545	/	204.7125
=	2.63

Esprit Holdings's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	213.584	/ (	(228.248	+	194.306)	/	2 )
=	213.584	/	211.277
=	1.01

Esprit Holdings (OTCPK:ESPGY) 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.

Esprit Holdings's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	211.277	/	213.584	*	365 / 2
	=	180.53

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.

Esprit Holdings's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	211.277	/	386.187
	=	0.55

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.

Esprit Holdings Inventory Turnover Related Terms

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Esprit Holdings (Esprit Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Esprit Holdings Ltd (OTCPK:ESPGY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

00330:Hong Kong ESH1:Germany

Address

28 Marble Road, North Point, 13th Floor, China United Centre, Hong Kong, HKG

Website

https://www.esprit.com/en/company

Esprit Holdings Ltd is engaged in retail and wholesale distribution and licensing of quality fashion and non-apparel products designed under its own ESPRIT brand name in Europe, Asia, America and via E-shop platforms. The company's revenue is divided into 4 main channels: wholesale, E-commerce, owned retail stores, and licensing.

Esprit Holdings (Esprit Holdings) Headlines

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