Topps Tiles (LSE:TPT) Inventory Turnover : 1.58 (As of Mar. 2024)

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What is Topps Tiles 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. Topps Tiles's Cost of Goods Sold for the six months ended in Mar. 2024 was £56.5 Mil. Topps Tiles's Average Total Inventories for the quarter that ended in Mar. 2024 was £35.7 Mil. Topps Tiles's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Topps Tiles's Days Inventory for the six months ended in Mar. 2024 was 115.36.

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. Topps Tiles's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Topps Tiles Inventory Turnover Historical Data

The historical data trend for Topps Tiles'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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Topps Tiles Inventory Turnover Chart

Topps Tiles Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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2.76

2.66

3.13

3.29

Topps Tiles 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															1.50	1.57	1.59	1.65	1.58

Topps Tiles Inventory Turnover Calculation

Topps Tiles's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	123.466	/ (	(38.605	+	36.351)	/	2 )
=	123.466	/	37.478
=	3.29

Topps Tiles'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 )
=	56.542	/ (	(36.351	+	35.13)	/	2 )
=	56.542	/	35.7405
=	1.58

Topps Tiles (LSE:TPT) 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.

Topps Tiles'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
	=	35.7405	/	56.542	*	365 / 2
	=	115.36

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.

Topps Tiles'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 )
	=	35.7405	/	122.774
	=	0.29

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.

Topps Tiles Inventory Turnover Related Terms

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Topps Tiles (LSE:TPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Topps Tiles PLC (LSE:TPT) » Definitions » Inventory Turnover

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TPTJF:USA TPTl:UK TPT.GB:UK

Address

Thorpe Way, Grove Park, Enderby, Leicestershire, GBR, LE19 1SU

Website

https://www.toppstiles.co.uk

Topps Tiles PLC is a tile and flooring retailer in the UK. The company focuses on selling ceramic and porcelain tiles, natural stone, and related products for homes and businesses. It offers products such as bathroom tiles, kitchen tiles, floor tiles, wall tiles, mosaic tiles, natural stone, and other tools and essentials. The company generates the majority of its revenues from sales in the UK.

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