Tandem Group (LSE:TND) Inventory Turnover : 1.63 (As of Dec. 2023)

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What is Tandem 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. Tandem Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £9.01 Mil. Tandem Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £5.52 Mil. Tandem Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tandem Group's Days Inventory for the six months ended in Dec. 2023 was 111.78.

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. Tandem Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Tandem Group Inventory Turnover Historical Data

The historical data trend for Tandem 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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Tandem Group Inventory Turnover Chart

Tandem Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.04

5.65

4.59

2.95

3.28

Tandem Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.35	1.07	1.50	1.36	1.63

Tandem Group Inventory Turnover Calculation

Tandem 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 )
=	16.242	/ (	(4.757	+	5.161)	/	2 )
=	16.242	/	4.959
=	3.28

Tandem 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 )
=	9.014	/ (	(5.881	+	5.161)	/	2 )
=	9.014	/	5.521
=	1.63

Tandem Group (LSE:TND) 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.

Tandem 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
	=	5.521	/	9.014	*	365 / 2
	=	111.78

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.

Tandem 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 )
	=	5.521	/	12.49
	=	0.44

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.

Tandem Group Inventory Turnover Related Terms

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Tandem Group (LSE:TND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Tandem Group PLC (LSE:TND) » Definitions » Inventory Turnover

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Address

35 Tameside Drive, Castle Bromwich, Birmingham, GBR, B35 7AG

Website

https://www.tandemgroupplc.co.uk

Tandem Group PLC is a designer, developer, distributor, and retailer of sports, leisure, and mobility products. Its Products include bicycles and accessories, football training equipment, garden and camping, homewares and household appliances, mobility, outdoor play, snooker, pool and table sports, wheeled toys, and golf equipment which are sold under various brands including Boss, Exile, Scorpion, Carpzone, Kickmaster, Windbar, Airwave, Disney, Shopkins, and Trolls. It has four segments Toys, Sports & Leisure, eMobility, Bicycles, Home & Garden, and the majority of the revenue comes from Toys, Sports & Leisure.

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