Hostmore (LSE:MORE) Inventory Turnover : 15.66 (As of Dec. 2023)

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What is Hostmore 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. Hostmore's Cost of Goods Sold for the six months ended in Dec. 2023 was £20.4 Mil. Hostmore's Average Total Inventories for the quarter that ended in Dec. 2023 was £1.3 Mil. Hostmore's Inventory Turnover for the quarter that ended in Dec. 2023 was 15.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hostmore's Days Inventory for the six months ended in Dec. 2023 was 11.66.

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. Hostmore's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Hostmore Inventory Turnover Historical Data

The historical data trend for Hostmore'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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Hostmore Inventory Turnover Chart

Hostmore Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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38.16

26.83

28.52

30.55

30.10

Hostmore Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					18.55	16.00	16.49	16.80	15.66

Hostmore Inventory Turnover Calculation

Hostmore'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 )
=	42.959	/ (	(1.464	+	1.39)	/	2 )
=	42.959	/	1.427
=	30.10

Hostmore's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	20.425	/ (	(1.219	+	1.39)	/	2 )
=	20.425	/	1.3045
=	15.66

Hostmore (LSE:MORE) 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.

Hostmore's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.3045	/	20.425	*	365 / 2
	=	11.66

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.

Hostmore's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.3045	/	97.034
	=	0.01

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.

Hostmore Inventory Turnover Related Terms

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Hostmore (LSE:MORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Hostmore PLC (LSE:MORE) » Definitions » Inventory Turnover

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Address

Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH

Website

https://www.hostmoregroup.com

Hostmore PLC is engaged in the hospitality business with its current operations focused on the American-themed casual dining brand, Fridays, and the cocktail-led bar and restaurant brand, 63rd+1st. Fridays brand offers authentic American food, an innovative cocktail list, and a high level of personal service. 63rd+1st brand offers a wide range of premium cocktails, spirits, beers, and wine.

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