Fox-Wizel (Fox-Wizel) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is Fox-Wizel 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. Fox-Wizel's Cost of Goods Sold for the three months ended in Mar. 2024 was $158 Mil. Fox-Wizel's Average Total Inventories for the quarter that ended in Mar. 2024 was $275 Mil. Fox-Wizel's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fox-Wizel's Days Inventory for the three months ended in Mar. 2024 was 159.44.

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. Fox-Wizel's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Fox-Wizel Inventory Turnover Historical Data

The historical data trend for Fox-Wizel'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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Fox-Wizel Inventory Turnover Chart

Fox-Wizel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.28

1.83

2.11

1.94

2.14

Fox-Wizel 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															0.48	0.44	0.50	0.53	0.57

Fox-Wizel Inventory Turnover Calculation

Fox-Wizel'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 )
=	642.771	/ (	(319.377	+	281.225)	/	2 )
=	642.771	/	300.301
=	2.14

Fox-Wizel'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 )
=	157.593	/ (	(281.225	+	269.506)	/	2 )
=	157.593	/	275.3655
=	0.57

Fox-Wizel (OTCPK:FXWZF) 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.

Fox-Wizel'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
	=	275.3655	/	157.593	*	365 / 4
	=	159.44

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.

Fox-Wizel'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 )
	=	275.3655	/	346.032
	=	0.80

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.

Fox-Wizel Inventory Turnover Related Terms

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Fox-Wizel (Fox-Wizel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fox-Wizel Ltd (OTCPK:FXWZF) » Definitions » Inventory Turnover

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FOX:Israel

Address

Hermon Street, POB 76 Ben Gurion Airport, Airport City, ISR, 70100

Website

http://www.fox.co.il

Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.

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