Lewis Group (JSE:LEW) Inventory Turnover: 2.27 (As of Mar. 2026)

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Lewis Group Ltd JSE:LEW

92 GF Score

Price R98.41

GF Value R84.07

Valuation Modestly Overvalued

6 Warning Signs

View Full Analysis

What is Lewis Group Inventory Turnover?

Lewis Group JSE:LEW +0.42% 92 Inventory Turnover is 2.27 as of Mar. 2026. GuruFocus rates JSE:LEW with a GF Score™ of 92/100 and a GF Value™ of R84.07 (Modestly Overvalued). The stock has 6 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. Lewis Group's Cost of Goods Sold for the six months ended in Mar. 2026 was R2,143 Mil. Lewis Group's Average Total Inventories for the quarter that ended in Mar. 2026 was R946 Mil. Lewis Group's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lewis Group's Days Inventory for the six months ended in Mar. 2026 was 80.55.

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. Lewis Group's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.17.

Lewis Group (JSE:LEW) 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.

Lewis Group's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	946	/	2143.4	*	365 / 2
	=	80.55

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.

Lewis Group's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	946	/	5474.6
	=	0.17

* 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.

Lewis Group Inventory Turnover Related Terms

Lewis Group Inventory Turnover Historical Data

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The historical data trend for Lewis Group's Inventory Turnover can be seen below:

Lewis Group Inventory Turnover Chart

Lewis Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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2.65

3.51

4.23

5.00

5.37

Lewis Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															2.04	1.96	2.01	2.10	2.27

92GF Score

Lewis Group Ltd JSE:LEW

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Lewis Group Inventory Turnover Calculation

Lewis Group's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	4123.9	/ (	(765.9	+	768.7)	/	2 )
=	4123.9	/	767.3
=	5.37

Lewis Group's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Sep. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	2143.4	/ (	(1123.3	+	768.7)	/	2 )
=	2143.4	/	946
=	2.27

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.27 mean?

Lewis Group (JSE:LEW) has a Inventory Turnover of 2.27 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lewis Group and its competitors.

Is Lewis Group's Inventory Turnover too high?

Lewis Group's current Inventory Turnover is 2.27. Overall, Lewis Group has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Lewis Group's Inventory Turnover compare to CASY and WSM?

Lewis Group's Inventory Turnover of 2.27 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good Inventory Turnover depends on the Retail - Cyclical 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 Lewis Group and its competitors. Lewis Group's current Inventory Turnover is 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lewis Group stock overvalued right now?

Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.07, compared to a current price of R98.41 — trading 17.1% above its estimated fair value. The current Inventory Turnover is 2.27. Lewis Group's overall GF Score™ is 92/100 with 6 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 Lewis Group (JSE:LEW), the current Inventory Turnover is 2.27 as of Mar. 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 Lewis Group (JSE:LEW) Overvalued in 2026?

Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued. The current stock price of R98.41 is trading 17.1% above its estimated GF Value™ of R84.07. GuruFocus considers Lewis Group to be Modestly Overvalued.

Key valuation signals for JSE:LEW:

Inventory Turnover: 2.27
GF Value™: R84.07 vs. price of R98.41 (17.1% above fair value)
GF Score™: 92/100 with 6 warning signs

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

Lewis Group Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies JSE:WVR JSE:KAL JSE:NCS TSX:ATD CASY WSM DKS ULTA BBY TSCO SHSE:601888 ADX:ADNOCDIST TPE:3045 FIVE GME MUSA XSWX:AVOL TSE:8136 TSX:CTC.A BSP:VBBR3

Address 53A Victoria Road, Universal House, Woodstock, Cape Town, ZAF, 7925

Website https://www.lewisgroup.co.za

Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.

92GF Score

Get the complete analysis for JSE:LEW

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

R98.41

Price

R84.07

GF Value

View JSE:LEW Analysis

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