Foschini Group (JSE:TFG) Inventory Turnover : 1.08 (As of Sep. 2023)

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What is Foschini Group 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. Foschini Group's Cost of Goods Sold for the six months ended in Sep. 2023 was R13,926 Mil. Foschini Group's Average Total Inventories for the quarter that ended in Sep. 2023 was R12,916 Mil. Foschini Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Foschini Group's Days Inventory for the six months ended in Sep. 2023 was 169.27.

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. Foschini Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.49.

Foschini Group Inventory Turnover Historical Data

The historical data trend for Foschini Group'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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Foschini Group Inventory Turnover Chart

Foschini Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.17

2.07

2.14

2.53

2.40

Foschini Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.15	1.41	1.11	1.20	1.08

Foschini Group Inventory Turnover Calculation

Foschini Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	26959.6	/ (	(9349.2	+	13074)	/	2 )
=	26959.6	/	11211.6
=	2.40

Foschini Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	13926.2	/ (	(13074	+	12758.9)	/	2 )
=	13926.2	/	12916.45
=	1.08

Foschini Group (JSE:TFG) 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.

Foschini Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	12916.45	/	13926.2	*	365 / 2
	=	169.27

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.

Foschini Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	12916.45	/	26410.9
	=	0.49

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.

Foschini Group Inventory Turnover Related Terms

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Foschini Group (JSE:TFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foschini Group Ltd (JSE:TFG) » Definitions » Inventory Turnover

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FHNGY:USA

Address

340 Voortrekker Road, Stanley Lewis Centre, Parow East, Cape Town, WC, ZAF, 7500

Website

https://www.tfglimited.co.za

Foschini Group Ltd is a South African fashion retailer. The company offers ladieswear, footwear, accessories, cosmetics and fragrances, kidswear, homewares, sportswear, cellular and jewelry mainly in South Africa, as well as financial services. The Foschini Group portfolio consists of multiple brands, including @home, @homelivingpace, American Swiss, Sterns, Charles and Keith, Colette, DonnaClaire, Phase Eight, Soda Bloc, Duesouth, Exact, Fabiani, The Fix, Foschini, G-star Raw, hi, Markham, Mat and May, and Whistles. The Group consists of four operating segments: TFG Africa retail division, TFG London, TFG Australia, and Credit.