Investor Presentaiton
Woolworths Group Full Year Results 2022
Lower average inventory days due to strong sales despite inventory build
in H2; ROFE impacted by higher funds employed and flat EBIT
Average inventory days¹
Days
Normalised ROFE²
Percentage (%)
39.0
39.5
37.2
37.0
36.0
36.2
31.5
31.0
30.0
30.0
F18
F19
F20
F21
F22
Continuing operations
Group
Average inventory days from continuing operations decreased by
one day to 30 days due to higher sales during the year. Group inventory
days also benefitted from demerger of Endeavour Group
1 Average inventory days calculated on a rolling 13-month basis
16.8
15.1
13.7
13.7
F21
Continuing operations
Group
F22
F22 ROFE from continuing operations was 13.7%,
3.1 pts below the prior year reflecting higher funds employed
and lower EBIT
2 Normalised to exclude the demerger distribution liability relating to Endeavour Group of $7,870 million
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