Canadian Tire (FRA:YAAA) Days Inventory : 95.73 (As of Dec. 2023)

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What is Canadian Tire Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canadian Tire's Average Total Inventories for the three months ended in Dec. 2023 was €2,084 Mil. Canadian Tire's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,986 Mil. Hence, Canadian Tire's Days Inventory for the three months ended in Dec. 2023 was 95.73.

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

FRA:YAAA' s Days Inventory Range Over the Past 10 Years
Min: 67.32 Med: 78.03 Max: 105.06
Current: 105.06

During the past 13 years, Canadian Tire's highest Days Inventory was 105.06. The lowest was 67.32. And the median was 78.03.

FRA:YAAA's Days Inventory is ranked better than
52.25% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.73 vs FRA:YAAA: 105.06

Canadian Tire's Days Inventory increased from Dec. 2022 (95.70) to Dec. 2023 (95.73). It might indicate that Canadian Tire's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canadian Tire's Inventory Turnover for the three months ended in Dec. 2023 was 0.95.

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. Canadian Tire's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.69.

Canadian Tire Days Inventory Historical Data

The historical data trend for Canadian Tire'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.

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Canadian Tire Days Inventory Chart

Canadian Tire Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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77.93

87.01

80.76

88.57

99.36

Canadian Tire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															95.70	123.29	104.60	106.75	95.73

Competitive Comparison of Canadian Tire's Days Inventory

For the Specialty Retail subindustry, Canadian Tire'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.

Canadian Tire's Days Inventory Distribution in the Retail - Cyclical Industry

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

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

Canadian Tire Days Inventory Calculation

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

Canadian Tire's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2234.817	+	1841.177)	/	2 )	/	7486.441	*	365
=	2037.997					/	7486.441	*	365
=	99.36

Canadian Tire's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2326.746	+	1841.177)	/	2 )	/	1986.423	*	365 / 4
=	2083.9615					/	1986.423	*	365 / 4
=	95.73

Canadian Tire (FRA:YAAA) 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.

Canadian Tire's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1986.423	/	2083.9615
	=	0.95

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.

Canadian Tire's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2083.9615	/	3036.845
	=	0.69

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.

Canadian Tire Days Inventory Related Terms

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

Canadian Tire (FRA:YAAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Canadian Tire Corp Ltd (FRA:YAAA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CDNAF:USA CTC.A:Canada CTC:Canada

Address

2180 Yonge Street, P.O. Box 770, Toronto, ON, CAN, M4P 2V8

Website

https://www.corp.canadiantire.ca

Canadian Tire sells home goods, sporting equipment, apparel, footwear, automotive parts and accessories, and vehicle fuel through a roughly 1,700-store network of company, dealer, and franchisee-operated locations across Canada. Aside from the namesake banner, stores operate primarily under the Mark's, SportChek, Party City, Atmosphere, and PartSource monikers. Additionally, the company owns Helly Hansen, a Norwegian sportswear and workwear brand, and also operates and holds majority ownership of a financing arm (Canadian Tire Financial Services; 20% owned by Scotiabank) and a REIT (CT REIT; Canadian Tire owns about 70%).

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