Fossil Group (FRA:FSL) Inventory Turnover : 0.67 (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Fossil 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. Fossil Group's Cost of Goods Sold for the three months ended in Sep. 2024 was €131 Mil. Fossil Group's Average Total Inventories for the quarter that ended in Sep. 2024 was €196 Mil. Fossil Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fossil Group's Days Inventory for the three months ended in Sep. 2024 was 136.26.

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. Fossil Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.76.

Fossil Group Inventory Turnover Historical Data

The historical data trend for Fossil 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.

* Premium members only.

Fossil Group Inventory Turnover Chart

Fossil Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.58

2.03

2.79

2.35

2.22

Fossil Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.74	0.50	0.58	0.67

Fossil Group Inventory Turnover Calculation

Fossil Group'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 )
=	671.98	/ (	(365.197	+	240.796)	/	2 )
=	671.98	/	302.9965
=	2.22

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	131.174	/ (	(187.777	+	203.976)	/	2 )
=	131.174	/	195.8765
=	0.67

Fossil Group (FRA:FSL) 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.

Fossil Group's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	195.8765	/	131.174	*	365 / 4
	=	136.26

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	195.8765	/	259.325
	=	0.76

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.

Fossil Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Fossil Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Fossil Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FOSL:USA FSL:Germany

Address

901 S. Central Expressway, Richardson, TX, USA, 75080

Website

https://www.fossilgroup.com

Fossil Group Inc is a design, innovation and distribution company in consumer fashion accessories. The products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The reportable segments are comprised of 1) Americas segment includes sales in Canada, Latin America and the United States. 2) Europe segment includes sales in European countries, the Middle East and Africa. 3) Asia segment includes sales in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Fossil Group Headlines

From GuruFocus

Weekly Guru Bargains Highlights: FSL, PWE, QLIK, MRVL, MSCI

By hyperman299 GuruFocus • 11-12-2012

WEEKLY CFO SELLS HIGHLIGHT: FSL, HOT, VRSK, HTZ

By Jimmy Xiao gurujx • 04-21-2013

Weekly Insider Sells Highlight: FSL, IMS, EA, PANW

By Jimmy Xiao gurujx • 05-17-2015

Freescale - Demand for This Company's Products on the Rise

By Doug Ehrman Doug Ehrman • 01-23-2012