Pets at Home Group (LSE:PETS) Inventory Turnover : 3.42 (As of Mar. 2024)

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What is Pets at Home 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. Pets at Home Group's Cost of Goods Sold for the six months ended in Mar. 2024 was £366 Mil. Pets at Home Group's Average Total Inventories for the quarter that ended in Mar. 2024 was £107 Mil. Pets at Home Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pets at Home Group's Days Inventory for the six months ended in Mar. 2024 was 53.41.

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. Pets at Home Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Pets at Home Group Inventory Turnover Historical Data

The historical data trend for Pets at Home 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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Pets at Home Group Inventory Turnover Chart

Pets at Home Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.36

7.96

7.56

7.62

Pets at Home Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.90	4.15	3.33	3.72	3.42

Pets at Home Group Inventory Turnover Calculation

Pets at Home Group's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	785.3	/ (	(108.6	+	97.5)	/	2 )
=	785.3	/	103.05
=	7.62

Pets at Home Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	366.3	/ (	(116.9	+	97.5)	/	2 )
=	366.3	/	107.2
=	3.42

Pets at Home Group (LSE:PETS) 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.

Pets at Home Group's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	107.2	/	366.3	*	365 / 2
	=	53.41

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.

Pets at Home Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	107.2	/	702.4
	=	0.15

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.

Pets at Home Group Inventory Turnover Related Terms

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Pets at Home Group (LSE:PETS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pets at Home Group PLC (LSE:PETS) » Definitions » Inventory Turnover

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PAHGF:USA PETSl:UK 6P8:Germany

Address

Epsom Avenue, Stanley Green Trading Estate, Handforth, Cheshire, GBR, SK9 3RN

Website

https://www.petsathome.com

Pets at Home Group PLC is an omnichannel British retailer operating mainly in the United Kingdom. The company has a network of stores, websites, grooming salons, and pet services, such as veterinary. The product portfolio is diverse, including items for dogs, cats, fish, reptiles, birds, and wildlife. The items sold are from the following categories: food, pet beds, toys, pet clothing, kennels, collars, healthcare, grooming, training, books, and accessories. The products are sold under the Pets at Home brand, private brand, and labels. The veterinary services are located within stores, as well as in stand-alone locations, throughout the U.K.