CVS Group (FRA:4C9) Inventory Turnover : 6.04 (As of Jun. 2024)

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What is CVS 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. CVS Group's Cost of Goods Sold for the six months ended in Jun. 2024 was €213.5 Mil. CVS Group's Average Total Inventories for the quarter that ended in Jun. 2024 was €35.3 Mil. CVS Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CVS Group's Days Inventory for the six months ended in Jun. 2024 was 30.21.

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. CVS Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

CVS Group Inventory Turnover Historical Data

The historical data trend for CVS 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.

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CVS Group Inventory Turnover Chart

CVS Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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14.37

15.43

13.79

12.12

12.35

CVS Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															6.36	6.14	5.68	6.62	6.04

CVS Group Inventory Turnover Calculation

CVS Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	436.607	/ (	(33.097	+	37.585)	/	2 )
=	436.607	/	35.341
=	12.35

CVS Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	213.457	/ (	(33.082	+	37.585)	/	2 )
=	213.457	/	35.3335
=	6.04

CVS Group (FRA:4C9) 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.

CVS Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	35.3335	/	213.457	*	365 / 2
	=	30.21

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.

CVS Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	35.3335	/	375.146
	=	0.09

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.

CVS Group Inventory Turnover Related Terms

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CVS Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » CVS Group PLC (FRA:4C9) » Definitions » Inventory Turnover

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CVSGF:USA CVSG.GB:UK CVSG:UK

Address

Owen Road, CVS House, Diss, Norfolk, GBR, IP22 4ER

Website

https://www.cvsukltd.co.uk

CVS Group PLC is a veterinary service provider in the United Kingdom. The group operates through four business divisions; Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. The veterinary practice segment generates majority of the revenues. The company facilitates its veterinary services through its diagnostics, laboratory reports, along pet cremation services. It also offers retail pharmacy through Animed Direct. Geographically, it generates the majority of the revenue from the United Kingdom and also operates in the Netherlands and Ireland.

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