Victorian Plumbing Group (LSE:VIC) Inventory Turnover : 2.15 (As of Mar. 2024)

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What is Victorian Plumbing 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. Victorian Plumbing Group's Cost of Goods Sold for the six months ended in Mar. 2024 was £72.3 Mil. Victorian Plumbing Group's Average Total Inventories for the quarter that ended in Mar. 2024 was £33.7 Mil. Victorian Plumbing Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Victorian Plumbing Group's Days Inventory for the six months ended in Mar. 2024 was 85.07.

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. Victorian Plumbing Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Victorian Plumbing Group Inventory Turnover Historical Data

The historical data trend for Victorian Plumbing 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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Victorian Plumbing Group Inventory Turnover Chart

Victorian Plumbing Group Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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6.07

5.65

4.99

4.48

4.42

Victorian Plumbing Group Semi-Annual Data
	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						2.23	2.11	2.29	2.01	2.15

Victorian Plumbing Group Inventory Turnover Calculation

Victorian Plumbing Group'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 )
=	150.5	/ (	(33.9	+	34.2)	/	2 )
=	150.5	/	34.05
=	4.42

Victorian Plumbing Group'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 )
=	72.3	/ (	(34.2	+	33.2)	/	2 )
=	72.3	/	33.7
=	2.15

Victorian Plumbing Group (LSE:VIC) 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.

Victorian Plumbing Group'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
	=	33.7	/	72.3	*	365 / 2
	=	85.07

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.

Victorian Plumbing Group'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 )
	=	33.7	/	144.6
	=	0.23

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.

Victorian Plumbing Group Inventory Turnover Related Terms

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Victorian Plumbing Group (LSE:VIC) Business Description

Industry

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Traded in Other Exchanges

637:Germany

Address

22 Grimrod Place, Skelmersdale, GBR, WN8 9UU

Website

https://www.victorianplumbingplc.com

Victorian Plumbing Group PLC is an online retailer of bathroom products and accessories, offering a one-stop-shop solution for the entire bathroom. It offers a wide range of over 24,000 products to business to customer and trade customers, with more than 125 brands across a wide spectrum of price points and it also design and develops exclusive new products in-house.

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