Floor & Decor Holdings (Floor & Decor Holdings) Inventory Turnover : 0.55 (As of Dec. 2023)

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What is Floor & Decor Holdings 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. Floor & Decor Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $606 Mil. Floor & Decor Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,106 Mil. Floor & Decor Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Floor & Decor Holdings's Days Inventory for the three months ended in Dec. 2023 was 166.51.

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. Floor & Decor Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.06.

Floor & Decor Holdings Inventory Turnover Historical Data

The historical data trend for Floor & Decor Holdings'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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Floor & Decor Holdings Inventory Turnover Chart

Floor & Decor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.25

2.42

2.21

2.13

Floor & Decor Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.47	0.53	0.56	0.56	0.55

Floor & Decor Holdings Inventory Turnover Calculation

Floor & Decor Holdings'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 )
=	2555.536	/ (	(1292.336	+	1106.15)	/	2 )
=	2555.536	/	1199.243
=	2.13

Floor & Decor Holdings'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	605.979	/ (	(1105.45	+	1106.15)	/	2 )
=	605.979	/	1105.8
=	0.55

Floor & Decor Holdings (NYSE:FND) 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.

Floor & Decor Holdings's Days Inventory for the three 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
	=	1105.8	/	605.979	*	365 / 4
	=	166.51

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.

Floor & Decor Holdings'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 )
	=	1105.8	/	1048.121
	=	1.06

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.

Floor & Decor Holdings Inventory Turnover Related Terms

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Floor & Decor Holdings (Floor & Decor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Floor & Decor Holdings Inc (NYSE:FND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FND:Mexico 1FD:Germany

Address

2500 Windy Ridge Parkway SE, Atlanta, GA, USA, 30339

Website

https://www.flooranddecor.com

Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the US region and also offers its product through an e-commerce site.

Executives

David Victor Christopherson	officer: SVP & General Counsel	2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Thomas V Taylor	director, officer: Chief Executive Officer	2233 LAKE PARK DRIVE, STE. 400, SMYRNA GA 30080
Steven Alan Denny	officer: EVP, Store Operations	C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Melissa Kersey	director	TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Richard L Sullivan	director	2233 LAKE PARK DRIVE, SMYRNA GA 30080
Bryan Langley	officer: EVP & Chief Financial Officer	C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Luke Olson	officer: Chief Accounting Officer	C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Ryan Marshall	director	24311 WALDEN CENTER DR, STE 300, BONITA SPRINGS FL 34134
William T Giles	director	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Felicia D Thornton	director	250 PARKCENTER BLVD PO BOX 20, BOISE ID 83726
Ersan Sayman	officer: EVP - MERCHANDISING	C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY SE, ATLANTA GA 30339
Peter Starrett	director
Brian K Robbins	officer: EVP-Supply Chain	2233 LAKE PARK DRIVE, SMYRNA GA 30080
Dwight Lamar James	director	C/O FLOOR & DECOR HOLDINGS, INC., 2500 WINDY RIDGE PARKWAY, SE, ATLANTA GA 30339
Norman Axelrod	director