Golf Group (XTAE:GOLF) Inventory Turnover : 0.44 (As of Mar. 2024)

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What is Golf 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. Golf Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪83.8 Mil. Golf Group's Average Total Inventories for the quarter that ended in Mar. 2024 was ₪190.3 Mil. Golf Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golf Group's Days Inventory for the three months ended in Mar. 2024 was 207.15.

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. Golf Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.95.

Golf Group Inventory Turnover Historical Data

The historical data trend for Golf 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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Golf Group Inventory Turnover Chart

Golf Group Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.01

1.80

1.95

1.70

1.55

Golf Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.37	0.38	0.37	0.44

Golf Group Inventory Turnover Calculation

Golf 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 )
=	350.429	/ (	(266.607	+	185.824)	/	2 )
=	350.429	/	226.2155
=	1.55

Golf Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	83.819	/ (	(185.824	+	194.744)	/	2 )
=	83.819	/	190.284
=	0.44

Golf Group (XTAE:GOLF) 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.

Golf Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	190.284	/	83.819	*	365 / 4
	=	207.15

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.

Golf Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	190.284	/	200.555
	=	0.95

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.

Golf Group Inventory Turnover Related Terms

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Golf Group (XTAE:GOLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Golf & Co Group Ltd (XTAE:GOLF) » Definitions » Inventory Turnover

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Address

Hamalka 5, Netanya, ISR, 69512

Website

http://www.golfco.co.il

Golf & Co Group Ltd operates retail chain stores offering home fashion products. It operates in the fields of fashion, textiles and home design. The company's offering includes home textile and home ware items such as bed linens, blankets, towels, dinnerware, drink ware, cookware and kitchen items, among others. It also provides spa products, as well as aromatherapy products. It also sales products through online site.