Halfords Group (FRA:HDK) Inventory Turnover : 1.83 (As of Sep. 2024)

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What is Halfords 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. Halfords Group's Cost of Goods Sold for the six months ended in Sep. 2024 was €521 Mil. Halfords Group's Average Total Inventories for the quarter that ended in Sep. 2024 was €284 Mil. Halfords Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Halfords Group's Days Inventory for the six months ended in Sep. 2024 was 99.55.

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. Halfords Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.28.

Halfords Group Inventory Turnover Historical Data

The historical data trend for Halfords 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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Halfords Group Inventory Turnover Chart

Halfords Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.20

4.10

3.65

3.28

3.60

Halfords Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.58	1.63	1.75	1.70	1.83

Halfords Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1021.586	/ (	(290.401	+	277.637)	/	2 )
=	1021.586	/	284.019
=	3.60

Halfords 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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	521.174	/ (	(277.637	+	290.918)	/	2 )
=	521.174	/	284.2775
=	1.83

Halfords Group (FRA:HDK) 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.

Halfords Group's Days Inventory for the six 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
	=	284.2775	/	521.174	*	365 / 2
	=	99.55

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.

Halfords 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 )
	=	284.2775	/	1030.668
	=	0.28

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.

Halfords Group Inventory Turnover Related Terms

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Halfords Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Halfords Group PLC (FRA:HDK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HLFDY:USA HLFDF:USA HFDl:UK HFD:UK HDK:Germany

Address

Icknield Street Drive, Washford West, Redditch, Worcestershire, GBR, B98 0DE

Website

https://www.halfordscompany.com

Halfords Group PLC is a retailer of automotive and cycling products. The company also provides vehicle servicing, maintenance, and repairs through garages and mobile vans. It is also engaged in the provision of software as a service. The company operates retail stores and auto centers in the United Kingdom and Ireland, and it participates in online retail as well. The business is divided into two segments: Retail and Autocentres. The Retail segment which derives maximum revenue, operates retail outlets for its automotive, leisure, and cycling products. The Autocentres segment operates centers for car servicing and repair in the U.K. Halfords' key cycling brands include Apollo, Carrera, and Boardman, but the company offers third-party bike brands as well.

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