2 Cheap Cars Group (NZSE:2CC) Inventory Turnover: 2.01 (As of Mar. 2026)


NZSE:2CC 2 Cheap Cars Group Ltd NZSE:2CC
51 GF Score
Price NZ$0.66
GF Value NZ$0.71
Valuation Fairly Valued
! 4 Warning Signs
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What is 2 Cheap Cars Group Inventory Turnover?

2 Cheap Cars Group NZSE:2CC 51 Inventory Turnover is 2.01 as of Mar. 2026. GuruFocus rates NZSE:2CC with a GF Score™ of 51/100 and a GF Value™ of NZ$0.71 (Fairly Valued). The stock has 4 warning signs investors should review.

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. 2 Cheap Cars Group's Cost of Goods Sold for the six months ended in Mar. 2026 was NZ$32.36 Mil. 2 Cheap Cars Group's Average Total Inventories for the quarter that ended in Mar. 2026 was NZ$16.10 Mil. 2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 2 Cheap Cars Group's Days Inventory for the six months ended in Mar. 2026 was 90.78.

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. 2 Cheap Cars Group's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.39.

2 Cheap Cars Group  (NZSE:2CC) 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.

2 Cheap Cars Group's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=16.0955/32.358*365 / 2
=90.78

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.

2 Cheap Cars Group's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=16.0955 / 41.51
=0.39

* 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.

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.

2 Cheap Cars Group Inventory Turnover Related Terms

2 Cheap Cars Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for 2 Cheap Cars 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.

2 Cheap Cars Group Inventory Turnover Chart

2 Cheap Cars Group Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial 4.15 6.35 5.94 4.46 3.90

2 Cheap Cars Group Semi-Annual Data
Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 2.44 2.22 2.19 2.01
NZSE:2CC
51GF Score
2 Cheap Cars Group Ltd NZSE:2CC
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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2 Cheap Cars Group Inventory Turnover Calculation

2 Cheap Cars Group's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=64.272 / ((14.932 + 18.041) / 2 )
=64.272 / 16.4865
=3.90

2 Cheap Cars Group's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=32.358 / ((14.15 + 18.041) / 2 )
=32.358 / 16.0955
=2.01

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.01 mean?
2 Cheap Cars Group (NZSE:2CC) has a Inventory Turnover of 2.01 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on 2 Cheap Cars Group and its competitors.
Is 2 Cheap Cars Group's Inventory Turnover too high?
2 Cheap Cars Group's current Inventory Turnover is 2.01. Overall, 2 Cheap Cars Group has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 2 Cheap Cars Group's Inventory Turnover compare to CVNA and PAG?
2 Cheap Cars Group's Inventory Turnover of 2.01 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on 2 Cheap Cars Group and its competitors. 2 Cheap Cars Group's current Inventory Turnover is 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2 Cheap Cars Group stock overvalued right now?
Based on GuruFocus' analysis, 2 Cheap Cars Group (NZSE:2CC) is currently considered Fairly Valued. The stock's GF Value™ is NZ$0.71, compared to a current price of NZ$0.66 — trading 7% below its estimated fair value. The current Inventory Turnover is 2.01. 2 Cheap Cars Group's overall GF Score™ is 51/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For 2 Cheap Cars Group (NZSE:2CC), the current Inventory Turnover is 2.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 2 Cheap Cars Group (NZSE:2CC) Overvalued in 2026?

Based on GuruFocus' analysis, 2 Cheap Cars Group stock appears to be undervalued. The current stock price of NZ$0.66 is trading 7% below its estimated GF Value™ of NZ$0.71. GuruFocus considers 2 Cheap Cars Group to be Fairly Valued.

Key valuation signals for NZSE:2CC:

  • Inventory Turnover: 2.01
  • GF Value™: NZ$0.71 vs. price of NZ$0.66 (7% below fair value)
  • GF Score™: 51/100 with 4 warning signs

No single metric tells the full story. See the NZSE:2CC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

2 Cheap Cars Group Business Description

Address 102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061
2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The group draws revenue from the two divisions: automotive retail division, revenue is derived from the sale of vehicles and from agent commissions relating to third-party finance and insurance products.
51GF Score

Get the complete analysis for NZSE:2CC

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$0.66
Price
NZ$0.71
GF Value