Conn's (Conn's) Days Inventory

: 142.30 (As of Jan. 2024)

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Days Inventory is also known as Days Sales of Inventory (DSI). Conn's's Average Total Inventories for the three months ended in Jan. 2024 was $283 Mil. Conn's's Cost of Goods Sold for the three months ended in Jan. 2024 was $181 Mil. Hence, Conn's's Days Inventory for the three months ended in Jan. 2024 was 142.30.

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

CONN' s Days Inventory Range Over the Past 10 Years
Min: 65.67 Med: 105.11 Max: 166.58
Current: 148.14

During the past 13 years, Conn's's highest Days Inventory was 166.58. The lowest was 65.67. And the median was 105.11.

CONN's Days Inventory is ranked worse than
60.94% of 1065 companies
in the Retail - Cyclical industry
Industry Median: 110.16 vs CONN: 148.14

Conn's's Days Inventory increased from Jan. 2023 (127.25) to Jan. 2024 (142.30). It might indicate that Conn's's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Conn's's Inventory Turnover for the three months 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 three months ended in Jan. 2024 was 0.77.

Conn's Days Inventory Historical Data

The historical data trend for Conn's'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.

Conn's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Inventory

115.02

113.66

97.94

125.29

166.58

Conn's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory																127.25	147.29	139.63	145.36	142.30

Competitive Comparison

For the Specialty Retail subindustry, Conn's'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.

Conn's Days Inventory Distribution

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

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

Conn's Days Inventory Calculation

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 fiscal year that ended in Jan. 2024 is calculated as

	Days Inventory (A: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (240.783	+	333.962)	/	2 )	/	629.688	*	365
=	287.3725					/	629.688	*	365
=	166.58

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

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (231.814	+	333.962)	/	2 )	/	181.408	*	365 / 4
=	282.888					/	181.408	*	365 / 4
=	142.30

Conn's (NAS:CONN) 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.

Conn's's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

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

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.

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

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

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.

Conn's Days Inventory Related Terms

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

Conn's (Conn's) Business Description

Industry

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

Comparable Companies

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