SiteOne Landscape Supply (FRA:0S0) Inventory Turnover : 0.71 (As of Mar. 2024)

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What is SiteOne Landscape Supply 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. SiteOne Landscape Supply's Cost of Goods Sold for the three months ended in Mar. 2024 was €555 Mil. SiteOne Landscape Supply's Average Total Inventories for the quarter that ended in Mar. 2024 was €783 Mil. SiteOne Landscape Supply's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SiteOne Landscape Supply's Days Inventory for the three months ended in Mar. 2024 was 128.67.

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. SiteOne Landscape Supply's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

SiteOne Landscape Supply Inventory Turnover Historical Data

The historical data trend for SiteOne Landscape Supply'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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SiteOne Landscape Supply Inventory Turnover Chart

SiteOne Landscape Supply Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.82

3.89

4.26

3.80

3.60

SiteOne Landscape Supply Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.95	0.89	0.78	0.71

SiteOne Landscape Supply Inventory Turnover Calculation

SiteOne Landscape Supply'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 )
=	2576.77	/ (	(724.709	+	707.19)	/	2 )
=	2576.77	/	715.9495
=	3.60

SiteOne Landscape Supply's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	555.312	/ (	(707.19	+	858.912)	/	2 )
=	555.312	/	783.051
=	0.71

SiteOne Landscape Supply (FRA:0S0) 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.

SiteOne Landscape Supply's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	783.051	/	555.312	*	365 / 4
	=	128.67

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.

SiteOne Landscape Supply's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	783.051	/	832.416
	=	0.94

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.

SiteOne Landscape Supply Inventory Turnover Related Terms

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SiteOne Landscape Supply (FRA:0S0) Business Description

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SITE:USA

Address

300 Colonial Center Parkway, Suite 600, Roswell, GA, USA, 30076

Website

https://www.siteone.com

SiteOne Landscape Supply Inc is one of the largest suppliers of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products.

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