AutoCanada (AutoCanada) Inventory Turnover : 1.02 (As of Mar. 2024)

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What is AutoCanada Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. AutoCanada's Cost of Goods Sold for the three months ended in Mar. 2024 was $880 Mil. AutoCanada's Average Total Inventories for the quarter that ended in Mar. 2024 was $863 Mil. AutoCanada's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AutoCanada's Days Inventory for the three months ended in Mar. 2024 was 89.44.

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. AutoCanada's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

AutoCanada Inventory Turnover Historical Data

The historical data trend for AutoCanada's Inventory Turnover 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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AutoCanada Inventory Turnover Chart

AutoCanada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.71

5.32

5.67

5.01

AutoCanada Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.30	1.49	1.34	1.12	1.02

AutoCanada Inventory Turnover Calculation

AutoCanada's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3961.7	/ (	(721.045	+	860.399)	/	2 )
=	3961.7	/	790.722
=	5.01

AutoCanada's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	880.32	/ (	(860.399	+	865.38)	/	2 )
=	880.32	/	862.8895
=	1.02

AutoCanada (OTCPK:AOCIF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

AutoCanada's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	862.8895	/	880.32	*	365 / 4
	=	89.44

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	862.8895	/	1049.74
	=	0.82

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

AutoCanada Inventory Turnover Related Terms

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AutoCanada (AutoCanada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AutoCanada Inc (OTCPK:AOCIF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ACQ:Canada

Address

15511 123 Avenue NW, Suite 200, Edmonton, AB, CAN, T5V 0C3

Website

https://www.autocan.ca

AutoCanada Inc operates car dealerships in Canada. The company offers new and used vehicles, spare parts, maintenance services, and customer financing. AutoCanada retails brands such as Chrysler, Dodge, Jeep, Ram, Cadillac, Chevrolet, Buick, GMC, Audi, Volkswagen, BMW, Mini, Infiniti, Nissan, Hyundai, Kia, Fiat, Mitsubishi, and Subaru. The majority of revenue is generated in the new-vehicles sales segment.

AutoCanada (AutoCanada) Headlines

From GuruFocus

AutoCanada Announces Management and Board Changes

By PRNewswire PRNewswire • 08-15-2018

AutoCanada, Patrick Priestner and CanadaOne Auto Group Settle Outstanding Litigation

By PRNewswire • 09-08-2023

AutoCanada commences litigation against Patrick Priestner and Canada One Auto Group

By PRNewswire PRNewswire • 02-06-2019

AutoCanada Acquires Illinois Based Grossinger Auto Group

By PRNewswire PRNewswire • 03-22-2018

AutoCanada Provides Operational Update in Response to COVID-19

By PRNewswire PRNewswire • 03-25-2020

AutoCanada Announces Executive Appointments

By PRNewswire PRNewswire • 08-22-2018

AutoCanada Appoints Michael Rawluk as President

By PRNewswire PRNewswire • 07-03-2018

AutoCanada Acknowledges Receipt of Letter from Clearwater

By PRNewswire PRNewswire • 06-12-2018