Combined Motor Holdings (JSE:CMH) Inventory Turnover: 3.03 (As of Feb. 2026)

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JSE:CMH Combined Motor Holdings Ltd JSE:CMH
90 GF Score
Price R39.70
GF Value R38.97
Valuation Fairly Valued
! 3 Warning Signs
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What is Combined Motor Holdings Inventory Turnover?

Combined Motor Holdings JSE:CMH -0.03% 90 Inventory Turnover is 3.03 as of Feb. 2026. GuruFocus rates JSE:CMH with a GF Score™ of 90/100 and a GF Value™ of R38.97 (Fairly Valued). The stock has 3 warning signs investors should review.

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. Combined Motor Holdings's Cost of Goods Sold for the six months ended in Feb. 2026 was R6,749 Mil. Combined Motor Holdings's Average Total Inventories for the quarter that ended in Feb. 2026 was R2,229 Mil. Combined Motor Holdings's Inventory Turnover for the quarter that ended in Feb. 2026 was 3.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Combined Motor Holdings's Days Inventory for the six months ended in Feb. 2026 was 60.26.

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. Combined Motor Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2026 was 0.27.

Combined Motor Holdings  (JSE:CMH) 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.

Combined Motor Holdings's Days Inventory for the six months ended in Feb. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Feb. 2026 )/Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=2228.5075/6748.703*365 / 2
=60.26

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.

Combined Motor Holdings's Inventory to Revenue for the quarter that ended in Feb. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Feb. 2026 ) / Revenue (Q: Feb. 2026 )
=2228.5075 / 8110.289
=0.27

* 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.

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.

Combined Motor Holdings Inventory Turnover Related Terms

Combined Motor Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Combined Motor 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.

Combined Motor Holdings Inventory Turnover Chart

Combined Motor Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.33 6.66 5.38 5.34 6.03

Combined Motor Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.48 2.65 2.67 2.92 3.03
JSE:CMH
90GF Score
Combined Motor Holdings Ltd JSE:CMH
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Combined Motor Holdings Inventory Turnover Calculation

Combined Motor Holdings's Inventory Turnover for the fiscal year that ended in Feb. 2026 is calculated as

Inventory Turnover (A: Feb. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Feb. 2026 ) / ((Total Inventories (A: Feb. 2025 ) + Total Inventories (A: Feb. 2026 )) / count )
=13007.03 / ((2073.599 + 2243.758) / 2 )
=13007.03 / 2158.6785
=6.03

Combined Motor Holdings's Inventory Turnover for the quarter that ended in Feb. 2026 is calculated as

Inventory Turnover (Q: Feb. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Feb. 2026 ) / ((Total Inventories (Q: Aug. 2025 ) + Total Inventories (Q: Feb. 2026 )) / count )
=6748.703 / ((2213.257 + 2243.758) / 2 )
=6748.703 / 2228.5075
=3.03

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 3.03 mean?
Combined Motor Holdings (JSE:CMH) has a Inventory Turnover of 3.03 as of Feb. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Combined Motor Holdings and its competitors.
Is Combined Motor Holdings' Inventory Turnover too high?
Combined Motor Holdings' current Inventory Turnover is 3.03. Overall, Combined Motor Holdings has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Inventory Turnover compare to CVNA and PAG?
Combined Motor Holdings' Inventory Turnover of 3.03 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Combined Motor Holdings and its competitors. Combined Motor Holdings's current Inventory Turnover is 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R38.97, compared to a current price of R39.70 — trading 1.9% above its estimated fair value. The current Inventory Turnover is 3.03. Combined Motor Holdings' overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Combined Motor Holdings (JSE:CMH), the current Inventory Turnover is 3.03 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Combined Motor Holdings (JSE:CMH) Overvalued in 2026?

Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be overvalued. The current stock price of R39.70 is trading 1.9% above its estimated GF Value™ of R38.97. GuruFocus considers Combined Motor Holdings to be Fairly Valued.

Key valuation signals for JSE:CMH:

  • Inventory Turnover: 3.03
  • GF Value™: R38.97 vs. price of R39.70 (1.9% above fair value)
  • GF Score™: 90/100 with 3 warning signs

No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Combined Motor Holdings Business Description

Address 1 Wilton Crescent, Umhlanga Ridge, Durban, ZAF, 4319
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
90GF Score

Get the complete analysis for JSE:CMH

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R39.70
Price
R38.97
GF Value