Delta Apparel (FRA:DA7) Inventory Turnover : 0.43 (As of Mar. 2024)

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What is Delta Apparel 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. Delta Apparel's Cost of Goods Sold for the three months ended in Mar. 2024 was €69.5 Mil. Delta Apparel's Average Total Inventories for the quarter that ended in Mar. 2024 was €162.2 Mil. Delta Apparel's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delta Apparel's Days Inventory for the three months ended in Mar. 2024 was 212.85.

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. Delta Apparel's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.23.

Delta Apparel Inventory Turnover Historical Data

The historical data trend for Delta Apparel'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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Delta Apparel Inventory Turnover Chart

Delta Apparel Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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2.01

1.86

2.18

1.96

1.50

Delta Apparel 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															0.37	0.39	0.37	0.34	0.43

Delta Apparel Inventory Turnover Calculation

Delta Apparel's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	338.574	/ (	(251.023	+	198.986)	/	2 )
=	338.574	/	225.0045
=	1.50

Delta Apparel'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 )
=	69.533	/ (	(180.051	+	144.342)	/	2 )
=	69.533	/	162.1965
=	0.43

Delta Apparel (FRA:DA7) 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.

Delta Apparel'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
	=	162.1965	/	69.533	*	365 / 4
	=	212.85

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.

Delta Apparel'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 )
	=	162.1965	/	72.621
	=	2.23

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.

Delta Apparel Inventory Turnover Related Terms

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Delta Apparel (FRA:DA7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Delta Apparel Inc (FRA:DA7) » Definitions » Inventory Turnover

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Traded in Other Exchanges

DLA:USA

Address

2750 Premiere Parkway, Suite 100, Duluth, GA, USA, 30097

Website

https://www.deltaapparelinc.com

Delta Apparel Inc together with its subsidiaries is an international apparel design, marketing, manufacturing, and sourcing company. It operates its business in two distinct segments: Delta Group and Salt Life Group. The company offers a diverse portfolio of lifestyle basics and branded activewear apparel, headwear, and related accessory products. It specializes in selling casual and athletic products through distribution channels and distribution tiers, including specialty stores, boutiques, department stores, mid and mass channels, e-retailers, and the U.S. military. It also offers its products to consumers on its websites and in its retail stores. The company derives the maximum revenue from the wholesale of goods through the Delta Group in the United States.

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