Franchise Group (Franchise Group) Days Inventory : 108.66 (As of Jun. 2023)

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What is Franchise Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Franchise Group's Average Total Inventories for the three months ended in Jun. 2023 was $753 Mil. Franchise Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $633 Mil. Hence, Franchise Group's Days Inventory for the three months ended in Jun. 2023 was 108.66.

The historical rank and industry rank for Franchise Group's Days Inventory or its related term are showing as below:

FRG' s Days Inventory Range Over the Past 10 Years
Min: 92.68 Med: 95.11 Max: 108.62
Current: 108.62

During the past 13 years, Franchise Group's highest Days Inventory was 108.62. The lowest was 92.68. And the median was 95.11.

FRG's Days Inventory is not ranked
in the Retail - Cyclical industry.
Industry Median: 110.73 vs FRG: 108.62

Franchise Group's Days Inventory declined from Jun. 2022 (119.58) to Jun. 2023 (108.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Franchise Group's Inventory Turnover for the three months ended in Jun. 2023 was 0.84.

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. Franchise Group's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.73.

Franchise Group Days Inventory Historical Data

The historical data trend for Franchise Group's Days Inventory 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.

* Premium members only.

Franchise Group Days Inventory Chart

Franchise Group Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Days Inventory

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95.11

92.68

101.58

Franchise Group Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															119.58	119.70	103.11	102.06	108.66

Competitive Comparison of Franchise Group's Days Inventory

For the Specialty Retail subindustry, Franchise Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Franchise Group's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Franchise Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Franchise Group's Days Inventory falls into.

Franchise Group Days Inventory Calculation

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

Franchise Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (673.17	+	736.841)	/	2 )	/	2533.344	*	365
=	705.0055					/	2533.344	*	365
=	101.58

Franchise Group's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (759.891	+	746.753)	/	2 )	/	632.623	*	365 / 4
=	753.322					/	632.623	*	365 / 4
=	108.66

Franchise Group (NAS:FRG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Franchise Group's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	632.623	/	753.322
	=	0.84

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.

Franchise Group's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	753.322	/	1038.686
	=	0.73

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Franchise Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Franchise Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Franchise Group (Franchise Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Franchise Group Inc (NAS:FRG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 Innovation Court, Suite J, Delaware, OH, USA, 43015

Website

https://www.franchisegrp.com

Franchise Group Inc is a personal services company that provides retail federal and state income tax preparation services and related tax settlement products. The vast majority of these offices operate in the United States under the Liberty Tax Service and SiempreTax+ brand names. Liberty Tax also provides online do-it-yourself tax programs within the U.S. The sale of financial products and tax preparation service fees also contribute to sizable percentages of the company's total income. Liberty Tax also operates a smaller portfolio of wholly-owned company offices. The company's reportable segments are Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy's and Sylvan.

Executives

Daniel Meitner Ondeck	10 percent owner	13301 BEALL CREEK CT., POTOMAC MD 20854
Richard W Riley	10 percent owner	B RILEY AND CO, 11100 SANTA MONICA BLVD STE 800, LOS ANGELES CA 90025
Bryant R Riley	director, 10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Kelleher Thomas J /adv	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Randall E Paulson	10 percent owner
Nanhi Singh	director	109 INNOVATION COURT, SUITE J, DELAWARE OH 43015
Gary S Rich	director	C/O THE READER'S DIGEST ASSOCIATION, READER'S DIGEST ROAD, PLEASANTVILLE NY 10570
Brian Randall Kahn	director, 10 percent owner, officer: Chief Executive Officer	5506 WORSHAM COURT, WINDERMERE FL 34786
Patrick A Cozza	director	C/O HSBC INSURANCE, 545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Lee A. Wright	officer: Chief Commercial Officer	C/O DIAMOND CASTLE HOLDINGS, LLC, 280 PARK AVENUE, 25TH FLOOR, EAST TOWER, NEW YORK NY 10017
Andrew M Laurence	director	C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606
Cynthia S Dubin	director	1200 E. MARKET STREET, SUITE 650, AKRON OH 44305
Lisa M Fairfax	director	2387 LIBERTY WAY, VIRGINIA BEACH VA 23456
Vintage Capital Management Llc	director, 10 percent owner, officer: Chief Executive Officer	4705 S APOPKA VINELAND ROAD SUITE 210, ORLANDO FL 32819
B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025