Truworths International (NAM:TRW) Inventory Turnover : 2.52 (As of Dec. 2023)

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What is Truworths International 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. Truworths International's Cost of Goods Sold for the six months ended in Dec. 2023 was R5,461 Mil. Truworths International's Average Total Inventories for the quarter that ended in Dec. 2023 was R2,166 Mil. Truworths International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Truworths International's Days Inventory for the six months ended in Dec. 2023 was 72.39.

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. Truworths International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Truworths International Inventory Turnover Historical Data

The historical data trend for Truworths International'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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Truworths International Inventory Turnover Chart

Truworths International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.19

3.92

4.27

4.65

Truworths International 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															2.64	2.24	2.56	2.02	2.52

Truworths International Inventory Turnover Calculation

Truworths International'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 )
=	9445	/ (	(1819	+	2244)	/	2 )
=	9445	/	2031.5
=	4.65

Truworths International'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 )
=	5461	/ (	(2244	+	2088)	/	2 )
=	5461	/	2166
=	2.52

Truworths International (NAM:TRW) 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.

Truworths International'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
	=	2166	/	5461	*	365 / 2
	=	72.39

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.

Truworths International'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 )
	=	2166	/	11774
	=	0.18

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.

Truworths International Inventory Turnover Related Terms

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Truworths International (NAM:TRW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Truworths International Ltd (NAM:TRW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TRU:South Africa IUE:Germany

Address

Number 1 Mostert Street, CBD, Cape Town, WC, ZAF, 8001

Website

https://www.truworthsinternational.com

Truworths International Ltd is a clothing and footwear retailer with nearly a thousand stores in Africa and Europe. Its African brands include Truworths, Daniel Hechter, Inwear, Identity, and LTD. Its European brands include Office and Offspring footwear retailers. The company's stores generally sell only proprietary brands, but Office primarily sells global third-party footwear brands. Most of the company's retail locations and sales are in South Africa. Collectively, South Africa and the United Kingdom account for roughly 90% of the company's business. E-commerce sales make up a small portion of total revenue.

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