Watkin Jones (LSE:WJG) Inventory Turnover : 1.29 (As of Mar. 2024)

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What is Watkin Jones 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. Watkin Jones's Cost of Goods Sold for the six months ended in Mar. 2024 was £156.7 Mil. Watkin Jones's Average Total Inventories for the quarter that ended in Mar. 2024 was £121.2 Mil. Watkin Jones's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Watkin Jones's Days Inventory for the six months ended in Mar. 2024 was 141.17.

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. Watkin Jones's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Watkin Jones Inventory Turnover Historical Data

The historical data trend for Watkin Jones'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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Watkin Jones Inventory Turnover Chart

Watkin Jones Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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2.21

2.14

2.73

2.47

2.80

Watkin Jones Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.15	1.17	0.90	1.70	1.29

Watkin Jones Inventory Turnover Calculation

Watkin Jones's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	378.377	/ (	(147.118	+	123.516)	/	2 )
=	378.377	/	135.317
=	2.80

Watkin Jones'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	156.686	/ (	(123.516	+	118.885)	/	2 )
=	156.686	/	121.2005
=	1.29

Watkin Jones (LSE:WJG) 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.

Watkin Jones's Days Inventory for the six 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
	=	121.2005	/	156.686	*	365 / 2
	=	141.17

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.

Watkin Jones'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 )
	=	121.2005	/	175.1
	=	0.69

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.

Watkin Jones Inventory Turnover Related Terms

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Watkin Jones (LSE:WJG) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Watkin Jones PLC (LSE:WJG) » Definitions » Inventory Turnover

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0W0:Germany

Address

7-9 Swallow Street, London, GBR, W1B 4DE

Website

https://www.watkinjonesplc.com

Watkin Jones PLC is a developer and constructor of multi-occupancy property assets, with a focus on the student accommodation sector. Its service includes site identification and procurement, planning consent, construction delivery, and asset management. The company's operating segments include Student accommodation, Build to Rent, Affordable Homes, and Accommodation management. The majority of its revenue is derived from the Student accommodation and build-to-rent segments.

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