Workforce Holdings (JSE:WKF) Inventory Turnover : 844.05 (As of Jun. 2024)

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What is Workforce 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. Workforce Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was R1,923 Mil. Workforce Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was R2 Mil. Workforce Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 844.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Workforce Holdings's Days Inventory for the six months ended in Jun. 2024 was 0.22.

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. Workforce Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Workforce Holdings Inventory Turnover Historical Data

The historical data trend for Workforce 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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Workforce Holdings Inventory Turnover Chart

Workforce Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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549.20

524.24

692.36

791.98

1,057.30

Workforce Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															388.44	415.02	354.92	538.11	844.05

Workforce Holdings Inventory Turnover Calculation

Workforce Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3634.985	/ (	(4.682	+	2.194)	/	2 )
=	3634.985	/	3.438
=	1,057.30

Workforce Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1923.176	/ (	(2.194	+	2.363)	/	2 )
=	1923.176	/	2.2785
=	844.05

Workforce Holdings (JSE:WKF) 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.

Workforce Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2.2785	/	1923.176	*	365 / 2
	=	0.22

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.

Workforce Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2.2785	/	2355.875
	=	0.00

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.

Workforce Holdings Inventory Turnover Related Terms

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Workforce Holdings Business Description

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Address

11 Wellington Road, Parktown, Johannesburg, ZAF, 2193

Website

https://www.workforce.co.za

Workforce Holdings Ltd is an investment holding company. It has structured its operations into the following business segments: the Staffing and outsourcing segment comprises the provision of staff and labor outsourcing solutions; the Training and education segment provides industry and job-specific skills assessments; the Healthcare segment comprises recruitment and placement of medical professionals for hospitals and other healthcare-related business; Financial services segment comprises death and disability cover, funeral cover, hospital cover, day-to-day medical insurance, and financial and mobile products and services. The majority of its revenue comes from the Staffing and outsourcing segment.

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