Games Workshop Group (LSE:GAW) Inventory Turnover : 2.08 (As of Nov. 2023)

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What is Games Workshop 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. Games Workshop Group's Cost of Goods Sold for the six months ended in Nov. 2023 was £72.1 Mil. Games Workshop Group's Average Total Inventories for the quarter that ended in Nov. 2023 was £34.7 Mil. Games Workshop Group's Inventory Turnover for the quarter that ended in Nov. 2023 was 2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Games Workshop Group's Days Inventory for the six months ended in Nov. 2023 was 87.71.

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. Games Workshop Group's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.14.

Games Workshop Group Inventory Turnover Historical Data

The historical data trend for Games Workshop 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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Games Workshop Group Inventory Turnover Chart

Games Workshop Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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3.76

3.97

4.00

3.87

4.18

Games Workshop Group Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															1.96	1.86	2.17	2.26	2.08

Games Workshop Group Inventory Turnover Calculation

Games Workshop Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	149.2	/ (	(38.4	+	33)	/	2 )
=	149.2	/	35.7
=	4.18

Games Workshop Group's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	72.1	/ (	(33	+	36.3)	/	2 )
=	72.1	/	34.65
=	2.08

Games Workshop Group (LSE:GAW) 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.

Games Workshop Group's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	34.65	/	72.1	*	365 / 2
	=	87.71

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.

Games Workshop Group's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	34.65	/	247.7
	=	0.14

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.

Games Workshop Group Inventory Turnover Related Terms

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Games Workshop Group (LSE:GAW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Games Workshop Group PLC (LSE:GAW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GMWKF:USA GAWl:UK GAW.GB:UK G7W:Germany

Address

Willow Road, Lenton, Nottingham, GBR, NG7 2WS

Website

https://www.games-workshop.com

Games Workshop Group PLC designs, manufactures and sells fantasy miniatures and games related products. It carries the manufacturing activity in the UK and sells the same in the different region of the countries such as Continental Europe, North America, and Asia Pacific. It operates through two segments Core and Licensing . The core segment includes all revenue and expenditure relating to the design, manufacture and sales of their fantasy miniatures and related products. The licensing segment includes all revenue and expenditure relating to licences granted to external partners. The company generates majority of its revenue from the core segment. The company offers more than 1000 products through there independent retail outlets in more than 50 countries.

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