Frontier Transport Holdings (JSE:FTH) Inventory Turnover : 1.16 (As of Sep. 2024)

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What is Frontier Transport 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. Frontier Transport Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was R58 Mil. Frontier Transport Holdings's Average Total Inventories for the quarter that ended in Sep. 2024 was R50 Mil. Frontier Transport Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontier Transport Holdings's Days Inventory for the six months ended in Sep. 2024 was 156.86.

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. Frontier Transport Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.03.

Frontier Transport Holdings Inventory Turnover Historical Data

The historical data trend for Frontier Transport 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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Frontier Transport Holdings Inventory Turnover Chart

Frontier Transport Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.04

4.80

3.35

2.91

2.79

Frontier Transport Holdings Semi-Annual Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial											1.40	1.42	1.48	1.38	1.16

Frontier Transport Holdings Inventory Turnover Calculation

Frontier Transport Holdings'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 )
=	105.393	/ (	(32.484	+	43.068)	/	2 )
=	105.393	/	37.776
=	2.79

Frontier Transport Holdings'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 )
=	57.616	/ (	(43.068	+	55.975)	/	2 )
=	57.616	/	49.5215
=	1.16

Frontier Transport Holdings (JSE:FTH) 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.

Frontier Transport Holdings'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
	=	49.5215	/	57.616	*	365 / 2
	=	156.86

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.

Frontier Transport Holdings'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 )
	=	49.5215	/	1479.315
	=	0.03

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.

Frontier Transport Holdings Inventory Turnover Related Terms

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Frontier Transport Holdings Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Transport Holdings Ltd (JSE:FTH) » Definitions » Inventory Turnover

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Address

103 Bofors Circle, Epping Industria, Cape Town, WC, ZAF, 7460

Website

http://www.hplr.co.za

Frontier Transport Holdings Ltd is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The company through its subsidiary provides a scheduled commuter bus operator in the Cape Metropole. The company provides services such as Public Transport, School & Private Tours, Luxury Coaches, Shuttle Services, and Parts & Spares Sales.

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