The Convenience Shop Holding (MAL:CVS) Inventory Turnover : 6.46 (As of Dec. 2023)

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What is The Convenience Shop Holding 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. The Convenience Shop Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was €20.67 Mil. The Convenience Shop Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was €3.20 Mil. The Convenience Shop Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Convenience Shop Holding's Days Inventory for the six months ended in Dec. 2023 was 28.24.

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. The Convenience Shop Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

The Convenience Shop Holding Inventory Turnover Historical Data

The historical data trend for The Convenience Shop Holding'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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The Convenience Shop Holding Inventory Turnover Chart

The Convenience Shop Holding Annual Data

Trend

Dec22

Dec23

Inventory Turnover

11.51

12.54

The Convenience Shop Holding Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	-	6.16	6.08	6.46

The Convenience Shop Holding Inventory Turnover Calculation

The Convenience Shop Holding'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 )
=	39.866	/ (	(3.16	+	3.198)	/	2 )
=	39.866	/	3.179
=	12.54

The Convenience Shop Holding'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 )
=	20.668	/ (	(0	+	3.198)	/	1 )
=	20.668	/	3.198
=	6.46

The Convenience Shop Holding (MAL:CVS) 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.

The Convenience Shop Holding'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
	=	3.198	/	20.668	*	365 / 2
	=	28.24

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.

The Convenience Shop Holding'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 )
	=	3.198	/	24.245
	=	0.13

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.

The Convenience Shop Holding Inventory Turnover Related Terms

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The Convenience Shop Holding (MAL:CVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Convenience Shop Holding PLC (MAL:CVS) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Mdina Road, Marant Food Products, Zebbug, MLT, 9017

Website

https://www.theconvenienceshop.com

The Convenience Shop Holding PLC operates and franchises grocery stores in the fast-moving consumer goods ('FMCG') industry. Through its subsidiaries, the Company manages a chain of retail outlets under The Convenience Shop brand in various locations across Malta. The Group currently operates approximately 40 shops of which 4 shops are owned by minority shareholders and 1 shop (The Convenience Shop for Puttinu Cares Ltd) is operated for charity.