KMD Brands (NZSE:KMD) Inventory Turnover : 0.64 (As of Jan. 2024)

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What is KMD Brands 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. KMD Brands's Cost of Goods Sold for the six months ended in Jan. 2024 was NZ$193 Mil. KMD Brands's Average Total Inventories for the quarter that ended in Jan. 2024 was NZ$302 Mil. KMD Brands's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KMD Brands's Days Inventory for the six months ended in Jan. 2024 was 285.66.

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. KMD Brands's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.65.

KMD Brands Inventory Turnover Historical Data

The historical data trend for KMD Brands'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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KMD Brands Inventory Turnover Chart

KMD Brands Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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1.82

1.90

1.71

1.57

1.54

KMD Brands Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.74	0.85	0.74	0.74	0.64

KMD Brands Inventory Turnover Calculation

KMD Brands's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	451.049	/ (	(295.522	+	290.42)	/	2 )
=	451.049	/	292.971
=	1.54

KMD Brands's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	192.933	/ (	(290.42	+	313.568)	/	2 )
=	192.933	/	301.994
=	0.64

KMD Brands (NZSE:KMD) 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.

KMD Brands's Days Inventory for the six months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	301.994	/	192.933	*	365 / 2
	=	285.66

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.

KMD Brands's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	301.994	/	463.966
	=	0.65

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.

KMD Brands Inventory Turnover Related Terms

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KMD Brands (NZSE:KMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » KMD Brands Ltd (NZSE:KMD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KD2:Germany KMD:Australia

Address

223 Tuam Street, Christchurch Central, Christchurch, NZL, 8011

Website

https://www.kmdbrands.com

KMD Brands Ltd is a designer, marketer, retailer, and wholesaler of apparel, footwear, and equipment for surfing and the outdoors. The company operates through three brands including Kathmandu, which is a designer, retailer, and wholesaler of apparel footwear, and equipment for outdoor travel and adventure; Rip Curl, which is a designer, manufacturer, wholesaler and retailer of surfing equipment and apparel; and Oboz, which is a designer, wholesaler and online retailer of outdoor footwear. The company generates the majority of its revenue from Kathmandu segment.

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