IGGHY (IG Group Holdings) Inventory Turnover : 6.30 (As of May. 2024)

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What is IG Group Holdings 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. IG Group Holdings's Cost of Goods Sold for the six months ended in May. 2024 was $243 Mil. IG Group Holdings's Average Total Inventories for the quarter that ended in May. 2024 was $39 Mil. IG Group Holdings's Inventory Turnover for the quarter that ended in May. 2024 was 6.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IG Group Holdings's Days Inventory for the six months ended in May. 2024 was 28.96.

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. IG Group Holdings's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.07.

IG Group Holdings Inventory Turnover Historical Data

The historical data trend for IG Group Holdings'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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IG Group Holdings Inventory Turnover Chart

IG Group Holdings Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Inventory Turnover

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0.72

6.57

8.13

12.61

7.77

IG Group Holdings Semi-Annual Data
	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24
Inventory Turnover	Get a 7-Day Free Trial															8.79	0.71	11.54	0.36	6.30

IG Group Holdings Inventory Turnover Calculation

IG Group Holdings's Inventory Turnover for the fiscal year that ended in May. 2024 is calculated as

	Inventory Turnover (A: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2024 )	/ (	(Total Inventories (A: May. 2023 )	+	Total Inventories (A: May. 2024 ))	/	count )
=	252.465	/ (	(18.727	+	46.271)	/	2 )
=	252.465	/	32.499
=	7.77

IG Group Holdings's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	243.363	/ (	(30.97	+	46.271)	/	2 )
=	243.363	/	38.6205
=	6.30

IG Group Holdings (OTCPK:IGGHY) 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.

IG Group Holdings's Days Inventory for the six months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	38.6205	/	243.363	*	365 / 2
	=	28.96

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.

IG Group Holdings's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	38.6205	/	563.843
	=	0.07

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.

IG Group Holdings Inventory Turnover Related Terms

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IG Group Holdings Business Description

Industry

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Traded in Other Exchanges

IGGl:UK IGG:UK I5G:Germany

Address

Cannon Bridge House, 25 Dowgate Hill, London, GBR, EC4R 2YA

Website

https://www.iggroup.com

IG Group Holdings PLC provides online trading services to its clients. The majority of the company's revenue stems from its derivative products and contracts for difference (CFDs). The company operates through various segments which are The U.K. segment which derives its revenue from financial spread bets, CFDs, binary options, and execution-only stockbroking. The Australian segment derives its revenue from CFDs and binary options. The European segment derives its revenue from CFDs, binary options, and execution-only stockbroking. The Rest of the World segment derives its revenue from the operation of a regulated futures and options exchange as well as CFDs and binary options. The company generates more than half of its revenue from the U.K., followed by Europe and Australia.