Fossil Group (Fossil Group) Total Inventories

: $263 Mil (As of Dec. 2023)

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Fossil Group's total inventories for the quarter that ended in Dec. 2023 was $263 Mil. Fossil Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $295 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fossil Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-6.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fossil Group's Days Inventory for the three months ended in Dec. 2023 was 121.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fossil Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

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. Fossil Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Fossil Group Total Inventories Historical Data

The historical data trend for Fossil Group's Total Inventories 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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Fossil Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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474.68

311.95

359.17

386.86

262.59

Fossil Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															386.86	336.50	323.91	326.72	262.59

Fossil Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Fossil Group (NAS:FOSL) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Fossil Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(117.197	+	0.75 * 187.942	+	0.5 * 262.591	-	726.292
-	0	-	-2.494)	/	52.487
=	-6.37

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Fossil Group's Days Inventory for the three 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
	=	294.6545	/	220.727	*	365 / 4
	=	121.81

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Fossil Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	220.727	/	294.6545
	=	0.75

4. 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.

Fossil 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 )
	=	294.6545	/	421.261
	=	0.70

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Fossil Group Total Inventories Related Terms

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Fossil Group (Fossil Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fossil Group Inc (NAS:FOSL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FSL:Germany FSL:Germany

Address

901 S. Central Expressway, Richardson, TX, USA, 75080

Website

https://www.fossilgroup.com

Fossil Group Inc is a design, innovation and distribution company in consumer fashion accessories. The products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. The reportable segments are comprised of 1) Americas segment includes sales in Canada, Latin America and the United States. 2) Europe segment includes sales in European countries, the Middle East and Africa. 3) Asia segment includes sales in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Executives

Suzanne M Coulter	director	6301 FITCH PATH, NEW ALBANY OH 43054
Kosta N Kartsotis	director, 10 percent owner, officer: Pres. & CEO	901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Diane L Neal	director
Melissa B Lowenkron	officer: SVP, General Manager, Fossil	901 S CENTRAL EXPY, RICHARDSON TX 75080
Holly Briedis	officer: EVP, Chief Digital Officer	901 S CENTRAL EXPY, RICHARDSON TX 75080
Gregory A Mckelvey	officer: Executive Vice President	2515 MCKINNEY AVE., SUITE 1200, DALLAS TX 75201
Darren E. Hart	officer: Executive Vice President	2280 N. GREENVILLE AVENUE, RICHARDSON TX 75082
Steve Andrew Evans	officer: Executive Vice President	901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Gail B Tifford	director	901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75134
Marc Rey	director	901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
Sunil M Doshi	officer: SVP, Chief Accounting Officer	5760 STATE HIGHWAY 121, SUITE 250, PLANO TX 75024
Martin Frey	officer: EVP	901 S. CENTRAL EXPRESSWAY, RICHARDSON TX 75080
William B Chiasson	director	C/O LEAPFROG ENTERPRISES, INC., 6401 HOLLIS STREET, SUITE 150, EMERYVILLE CA 94608
Kim Harris Jones	director	THREE LAKES DRIVE, NORTHFIELD IL 60093
Kevin Mansell	director	C/O KOHLS LEGAL, N56 W170000 RIDGEWOOD DR, MENOMONEE FALLS WI 53051