Ross Stores (Ross Stores) Total Inventories : $2,192 Mil (As of Jan. 2024)

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What is Ross Stores Total Inventories?

Ross Stores's total inventories for the quarter that ended in Jan. 2024 was $2,192 Mil. Ross Stores's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $2,403 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ross Stores's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-10.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ross Stores's Days Inventory for the three months ended in Jan. 2024 was 50.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ross Stores's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.82.

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. Ross Stores's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.40.

Ross Stores Total Inventories Historical Data

The historical data trend for Ross Stores's Total Inventories 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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Ross Stores Total Inventories Chart

Ross Stores Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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1,832.34

1,508.98

2,262.27

2,023.50

2,192.22

Ross Stores Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															2,023.50	2,241.74	2,300.06	2,613.81	2,192.22

Ross Stores Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ross Stores (NAS:ROST) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ross Stores's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4872.446	+	0.75 * 130.766	+	0.5 * 2192.22	-	9428.783
-	0	-	0)	/	335.172
=	-10.03

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

Ross Stores's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	2403.014	/	4375.36	*	365 / 4
	=	50.12

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	4375.36	/	2403.014
	=	1.82

4. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2403.014	/	6022.501
	=	0.40

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ross Stores Total Inventories Related Terms

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Ross Stores (Ross Stores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ross Stores Inc (NAS:ROST) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

ROST:Mexico RSO:Germany RSO:Germany ROST34:Brazil ROST:Austria ROST:Argentina

Address

5130 Hacienda Drive, Dublin, CA, USA, 94568-7579

Website

https://www.rossstores.com

Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.

Executives

Stephen C Brinkley	officer: PRESIDENT, OPERATIONS	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael K Kobayashi	officer: SR VP, CIO	5130 HACIENDA DRIVE, DUBLIN CA 94568
Barbara Rentler	director, officer: Chief Executive Officer	5130 HACIENDA DRIVE, DUBLIN CA 94568
Brian R. Morrow	officer: President, Merchandising	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J. Hartshorn	officer: S.V.P. Chief Financial Officer	5130 HACIENDA DRIVE, DUBLIN CA 94568
Jeffrey P Burrill	officer: SVP, CAO & CORP CONTROLLER	5130 HACIENDA DRIVE, DUBLIN CA 94568
Edward G Cannizzaro	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael J Bush	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Adam M Orvos	officer: EVP, Chief Financial Officer	5130 HACIENDA DRIVE, DUBLIN CA 94566
George Orban	director	5130 HACIENDA DRIVE, DUBLIN CA 94568
Michael Balmuth	director, officer: CEO	5130 HACIENDA DRIVE, DUBLIN CA 94568
Travis Marquette	officer: GSVP, Chief Financial Officer	2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Doniel Sutton	director	C/O MORNINGSTAR, INC., 22 WEST WASHINGTON STREET, CHICAGO IL 60602
Larree M Renda	director
Patricia H Mueller	director	2481 MANANA DRIVE, DALLAS TX 75220