Duty Free International (SGX:5SO) Inventory Turnover : 0.30 (As of Nov. 2023)

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What is Duty Free International 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. Duty Free International's Cost of Goods Sold for the three months ended in Nov. 2023 was S$7.45 Mil. Duty Free International's Average Total Inventories for the quarter that ended in Nov. 2023 was S$24.96 Mil. Duty Free International's Inventory Turnover for the quarter that ended in Nov. 2023 was 0.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Duty Free International's Days Inventory for the three months ended in Nov. 2023 was 305.69.

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. Duty Free International's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 2.24.

Duty Free International Inventory Turnover Historical Data

The historical data trend for Duty Free International'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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Duty Free International Inventory Turnover Chart

Duty Free International Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Inventory Turnover

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2.47

3.06

1.83

1.24

1.30

Duty Free International Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.36	0.25	0.24	0.30

Duty Free International Inventory Turnover Calculation

Duty Free International's Inventory Turnover for the fiscal year that ended in Feb. 2023 is calculated as

	Inventory Turnover (A: Feb. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2023 )	/ (	(Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )
=	29.199	/ (	(17.277	+	27.544)	/	2 )
=	29.199	/	22.4105
=	1.30

Duty Free International's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	7.452	/ (	(25.698	+	24.23)	/	2 )
=	7.452	/	24.964
=	0.30

Duty Free International (SGX:5SO) 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.

Duty Free International's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	24.964	/	7.452	*	365 / 4
	=	305.69

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.

Duty Free International's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	24.964	/	11.138
	=	2.24

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.

Duty Free International Inventory Turnover Related Terms

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Duty Free International (SGX:5SO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Duty Free International Ltd (SGX:5SO) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

138 Cecil Street, No. 12-01A, Cecil Court, Singapore, SGP, 069538

Website

https://www.dfi.com.sg

Duty Free International Ltd is an Investment Holding company. The company operates through two divisions, which are Trading duty-free goods and non-dutiable merchandise and Investment holding others. The duty-free business of the company is its main revenue contributor and its activities involve trading duty-free goods and non-dutiable merchandise through its brand The Zon, situated at entry and exit points of international airports, seaports, international ferry terminals, border towns, and popular tourist destinations. The company's products entail imported duty-free beverages, tobacco products, chocolates and confectionery products, perfumery, cosmetics, and souvenirs. The activities of the group are mainly carried out in Malaysia.

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