Conn's (Conn's) Change In Inventory : $37 Mil (TTM As of Jan. 2024)

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What is Conn's Change In Inventory?

Conn's's change in inventory for the quarter that ended in Jan. 2024 was $28 Mil. It means Conn's's inventory declined by $28 Mil from Oct. 2023 to Jan. 2024 .

Conn's's change in inventory for the fiscal year that ended in Jan. 2024 was $37 Mil. It means Conn's's inventory declined by $37 Mil from Jan. 2023 to Jan. 2024 .

Conn's's Total Inventories for the quarter that ended in Jan. 2024 was $334 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Conn's's Days Inventory for the quarter that ended in Jan. 2024 was 142.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Conn's's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.64.

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. Conn's's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.77.

Conn's Change In Inventory Historical Data

The historical data trend for Conn's's Change In 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.

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Conn's Change In Inventory Chart

Conn's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Inventory

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0.28

23.29

-50.36

6.04

36.57

Conn's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Inventory	Get a 7-Day Free Trial															18.50	3.99	2.31	2.66	27.60

Conn's Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $37 Mil.

Conn's (NAS:CONN) Change In Inventory Explanation

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

Conn's's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	282.888	/	181.408	*	365 / 4
	=	142.30

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

Conn's's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	181.408	/	282.888
	=	0.64

3. 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.

Conn's's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	282.888	/	366.077
	=	0.77

Conn's Change In Inventory Related Terms

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Conn's (Conn's) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Conn's Inc (NAS:CONN) » Definitions » Change In Inventory

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Traded in Other Exchanges

CN4:Germany

Address

2445 Technology Forest Boulevard, Suite 800, The Woodlands, TX, USA, 77381

Website

https://www.conns.com

Conn's Inc is a United-States-based specialty retailer engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit-constrained consumers based on customer risk and income level. A material portion of the company's customers finances purchases through its credit segment. The company focuses its business on the U.S. and generates its revenue from the retail segment.

Executives

Stephens Group, Llc	10 percent owner	100 RIVER BLUFF DRIVE, SUITE 500, LITTLE ROCK AR 72202
Ann B Gugino	director	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Timothy P Santo	officer: Chief Accounting Officer	2445 TECHNOLOGY FOREST BLVD., STE. 800, THE WOODLANDS TX 77381
Karen Hartje	director	251 1ST AVENUE N, SUITE 200, MINNEAPOLIS MN 55401-1672
Douglas H Martin	director, 10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Paula W. & John P. Calhoun Family Trust - Wmas	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Warren Miles Amerine Stephens Family Trust One	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Brian Daly	officer: Chief Human Resources Officer	4055 TECHNOLOGY FOREST BLVD., STE. 210, THE WOODLANDS TX 77381
Warren A Stephens	10 percent owner	111 CENTER STREET, LITTLE ROCK AR 72201
Harriet C Stephens	10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Was Family Trust Five	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
Stephens Warren A Trust Uid 9/30/87	10 percent owner	C/O STEPHENS INC, 111 CENTER ST, LITTLE ROCK AR 72201
Thomas John Fenton	officer: Chief Credit Officer	2445 TECHNOLOGY FOREST BLVD., SUITE 800, THE WOODLANDS TX 77381
Warren Miles Stephens	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201
John Calhoun Stephens	10 percent owner	111 CENTER STREET, SUITE 2300, LITTLE ROCK AR 72201