Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Inventory Turnover : 17.37 (As of Oct. 2023)

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What is Fermiere du Casino Municipal de Cannes 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. Fermiere du Casino Municipal de Cannes's Cost of Goods Sold for the six months ended in Oct. 2023 was €24.5 Mil. Fermiere du Casino Municipal de Cannes's Average Total Inventories for the quarter that ended in Oct. 2023 was €1.4 Mil. Fermiere du Casino Municipal de Cannes's Inventory Turnover for the quarter that ended in Oct. 2023 was 17.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fermiere du Casino Municipal de Cannes's Days Inventory for the six months ended in Oct. 2023 was 10.51.

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. Fermiere du Casino Municipal de Cannes's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.01.

Fermiere du Casino Municipal de Cannes Inventory Turnover Historical Data

The historical data trend for Fermiere du Casino Municipal de Cannes'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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Fermiere du Casino Municipal de Cannes Inventory Turnover Chart

Fermiere du Casino Municipal de Cannes Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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41.58

26.18

26.09

36.24

33.23

Fermiere du Casino Municipal de Cannes Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															21.48	15.93	19.00	16.46	17.37

Fermiere du Casino Municipal de Cannes Inventory Turnover Calculation

Fermiere du Casino Municipal de Cannes's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	46.229	/ (	(1.306	+	1.476)	/	2 )
=	46.229	/	1.391
=	33.23

Fermiere du Casino Municipal de Cannes's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	24.451	/ (	(1.34	+	1.476)	/	2 )
=	24.451	/	1.408
=	17.37

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) 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.

Fermiere du Casino Municipal de Cannes's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	1.408	/	24.451	*	365 / 2
	=	10.51

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.

Fermiere du Casino Municipal de Cannes's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	1.408	/	105.518
	=	0.01

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.

Fermiere du Casino Municipal de Cannes Inventory Turnover Related Terms

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Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fermiere du Casino Municipal de Cannes (XPAR:FCMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Le Casino Croisette, 1 espace Lucien Barriere, Cannes, FRA, 06400

Website

http://www.lucienbarriere.com

Fermiere du Casino Municipal de Cannes operates a chain of casino hotels in France. The company offers accommodation, casinos, restaurants, golf courses, spas, and event management.

Fermiere du Casino Municipal de Cannes (XPAR:FCMC) Headlines

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