Wickes Group (STU:0FD) Inventory Turnover : 2.30 (As of Dec. 2023)

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What is Wickes Group 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. Wickes Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €532 Mil. Wickes Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €231 Mil. Wickes Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wickes Group's Days Inventory for the six months ended in Dec. 2023 was 79.27.

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. Wickes Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Wickes Group Inventory Turnover Historical Data

The historical data trend for Wickes 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.

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Wickes Group Inventory Turnover Chart

Wickes Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.46

5.61

6.08

5.02

5.00

Wickes Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial					2.58	2.68	2.25	2.65	2.30

Wickes Group Inventory Turnover Calculation

Wickes Group'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 )
=	1147.759	/ (	(231.803	+	226.928)	/	2 )
=	1147.759	/	229.3655
=	5.00

Wickes Group'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 )
=	532.092	/ (	(235.295	+	226.928)	/	2 )
=	532.092	/	231.1115
=	2.30

Wickes Group (STU:0FD) 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.

Wickes Group'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
	=	231.1115	/	532.092	*	365 / 2
	=	79.27

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.

Wickes Group'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 )
	=	231.1115	/	842.827
	=	0.27

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.

Wickes Group Inventory Turnover Related Terms

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Wickes Group (STU:0FD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Wickes Group PLC (STU:0FD) » Definitions » Inventory Turnover

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WIXl:UK WIX:UK

Address

19 Colonial Way, Vision House, Watford, GBR, WD24 4JL

Website

https://www.wickesplc.co.uk

Wickes Group PLC is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value service to customers across the United Kingdom. Its three key customers include the Local Trade, DIY and Do It For Me (DIFM). The company operates from its network of 232 right-sized stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members and its DIY app. These digital channels allow customers to research and order an extended range of its products and services and arrange virtual and in-person design consultations. The company has a single operating segment.

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