FLES (Auto Parts 4Less Group) Inventory Turnover: 1.19 (As of Oct. 2023)


FLES Auto Parts 4Less Group Inc FLES
12 GF Score
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What is Auto Parts 4Less Group Inventory Turnover?

Auto Parts 4Less Group FLES 12 Inventory Turnover is 1.19 as of Oct. 2023. GuruFocus rates FLES with a GF Score™ of 12/100.

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. Auto Parts 4Less Group's Cost of Goods Sold for the three months ended in Oct. 2023 was $0.04 Mil. Auto Parts 4Less Group's Average Total Inventories for the quarter that ended in Oct. 2023 was $0.03 Mil. Auto Parts 4Less Group's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Auto Parts 4Less Group's Days Inventory for the three months ended in Oct. 2023 was 76.84.

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. Auto Parts 4Less Group's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.22.

Auto Parts 4Less Group  (OTCPK:FLES) 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.

Auto Parts 4Less Group's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Oct. 2023 )/Cost of Goods Sold (Q: Oct. 2023 )*Days in Period
=0.032/0.038*365 / 4
=76.84

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.

Auto Parts 4Less Group's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Oct. 2023 ) / Revenue (Q: Oct. 2023 )
=0.032 / 0.144
=0.22

* 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.

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.

Auto Parts 4Less Group Inventory Turnover Related Terms

Auto Parts 4Less Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Auto Parts 4Less 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.

Auto Parts 4Less Group Inventory Turnover Chart

Auto Parts 4Less Group Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.87 18.87 19.31 25.06 14.34

Auto Parts 4Less Group Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.92 1.73 0.27 0.50 1.19
FLES
12GF Score
Auto Parts 4Less Group Inc FLES
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Auto Parts 4Less Group Inventory Turnover Calculation

Auto Parts 4Less Group's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

Inventory Turnover (A: Jan. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jan. 2023 ) / ((Total Inventories (A: Jan. 2022 ) + Total Inventories (A: Jan. 2023 )) / count )
=3.463 / ((0.433 + 0.05) / 2 )
=3.463 / 0.2415
=14.34

Auto Parts 4Less Group's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover (Q: Oct. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Oct. 2023 ) / ((Total Inventories (Q: Jul. 2023 ) + Total Inventories (Q: Oct. 2023 )) / count )
=0.038 / ((0.031 + 0.033) / 2 )
=0.038 / 0.032
=1.19

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.19 mean?
Auto Parts 4Less Group (FLES) has a Inventory Turnover of 1.19 as of Oct. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Auto Parts 4Less Group and its competitors.
Is Auto Parts 4Less Group's Inventory Turnover too high?
Auto Parts 4Less Group's current Inventory Turnover is 1.19. Overall, Auto Parts 4Less Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Auto Parts 4Less Group's Inventory Turnover compare to REII and MBLY?
Auto Parts 4Less Group's Inventory Turnover of 1.19 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Auto Parts 4Less Group and its competitors. Auto Parts 4Less Group's current Inventory Turnover is 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Parts 4Less Group stock overvalued right now?
Auto Parts 4Less Group (FLES) has a current Inventory Turnover of 1.19. The current Inventory Turnover is 1.19. Auto Parts 4Less Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Auto Parts 4Less Group (FLES), the current Inventory Turnover is 1.19 as of Oct. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Auto Parts 4Less Group Business Description

Address 106 W. Mayflower, Las Vegas, NV, USA, 89030
Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.
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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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