DFS Furniture (LSE:DFS) Inventory Turnover : 4.12 (As of Dec. 2023)

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What is DFS Furniture 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. DFS Furniture's Cost of Goods Sold for the six months ended in Dec. 2023 was £222 Mil. DFS Furniture's Average Total Inventories for the quarter that ended in Dec. 2023 was £54 Mil. DFS Furniture's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DFS Furniture's Days Inventory for the six months ended in Dec. 2023 was 44.33.

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. DFS Furniture's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

DFS Furniture Inventory Turnover Historical Data

The historical data trend for DFS Furniture'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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DFS Furniture Inventory Turnover Chart

DFS Furniture Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.03

5.41

7.72

8.67

8.26

DFS Furniture Semi-Annual Data
	Jul13	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.15	4.46	4.16	4.37	4.12

DFS Furniture Inventory Turnover Calculation

DFS Furniture's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	496.7	/ (	(64.4	+	55.8)	/	2 )
=	496.7	/	60.1
=	8.26

DFS Furniture'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 )
=	222.1	/ (	(55.8	+	52.1)	/	2 )
=	222.1	/	53.95
=	4.12

DFS Furniture (LSE:DFS) 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.

DFS Furniture'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
	=	53.95	/	222.1	*	365 / 2
	=	44.33

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.

DFS Furniture'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 )
	=	53.95	/	505.1
	=	0.11

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.

DFS Furniture Inventory Turnover Related Terms

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DFS Furniture (LSE:DFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » DFS Furniture PLC (LSE:DFS) » Definitions » Inventory Turnover

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DFSl:UK

Address

Adwick-le-Street, 1 Rockingham Way, Redhouse Interchange, Doncaster, South Yorkshire, GBR, DN6 7NA

Website

https://www.dfscorporate.co.uk

DFS Furniture PLC is an upholstery retailer in the United Kingdom. It is engaged in designing, manufacturing, selling, delivering and installing a range of sofas, and other upholstered and furniture products. The company's segment includes DFS; Sofology and others. It generates maximum revenue from the DFS segment. DFS segment includes the retailing of upholstered furniture and related products through DFS and Dwell branded stores and websites.