Barnes & Noble (Barnes & Noble) Inventory Turnover

: 0.55 (As of Apr. 2019)

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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. Barnes & Noble's Cost of Goods Sold for the three months ended in Apr. 2019 was $533 Mil. Barnes & Noble's Average Total Inventories for the quarter that ended in Apr. 2019 was $962 Mil. Barnes & Noble's Inventory Turnover for the quarter that ended in Apr. 2019 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Barnes & Noble's Days Inventory for the three months ended in Apr. 2019 was 164.64.

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. Barnes & Noble's Inventory-to-Revenue for the quarter that ended in Apr. 2019 was 1.27.

Barnes & Noble Inventory Turnover Historical Data

The historical data trend for Barnes & Noble'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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Barnes & Noble Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Inventory Turnover

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2.52

2.94

2.85

2.68

2.64

Barnes & Noble Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.60	0.52	0.78	0.55

Barnes & Noble Inventory Turnover Calculation

Barnes & Noble's Inventory Turnover for the fiscal year that ended in Apr. 2019 is calculated as

	Inventory Turnover (A: Apr. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2019 )	/ (	(Total Inventories (A: Apr. 2018 )	+	Total Inventories (A: Apr. 2019 ))	/	count )
=	2479.725	/ (	(958.196	+	923.714)	/	2 )
=	2479.725	/	940.955
=	2.64

Barnes & Noble's Inventory Turnover for the quarter that ended in Apr. 2019 is calculated as

	Inventory Turnover (Q: Apr. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2019 )	/ (	(Total Inventories (Q: Jan. 2019 )	+	Total Inventories (Q: Apr. 2019 ))	/	count )
=	533.19	/ (	(1000.306	+	923.714)	/	2 )
=	533.19	/	962.01
=	0.55

Barnes & Noble (NYSE:BKS) 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.

Barnes & Noble's Days Inventory for the three months ended in Apr. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2019 )	/	Cost of Goods Sold (Q: Apr. 2019 )	*	Days in Period
	=	962.01	/	533.19	*	365 / 4
	=	164.64

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.

Barnes & Noble's Inventory to Revenue for the quarter that ended in Apr. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2019 )	/	Revenue (Q: Apr. 2019 )
	=	962.01	/	755.433
	=	1.27

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.

Barnes & Noble Inventory Turnover Related Terms

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Barnes & Noble (Barnes & Noble) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Barnes & Noble Inc (NYSE:BKS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

122 Fifth Avenue, New York, NY, USA, 10011

Website

http://www.barnesandnobleinc.com

Barnes & Noble is a United States-based company that is mainly engaged in retail of books and products of content, digital media, and educational products. The company operates in a multichannel model, including a physical bookstore network throughout the country, an e-commerce platform on BN.com, and its Nook digital business. The company offers books, magazines, music, DVDs, newspapers, and entertainment content, along with e-reading products under the Nook brand. Retail sales from physical stores and BN.com account for the majority of the company's total revenue.

Executives

Al Ferrara	director	433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Mark D Carleton	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Scott S Cowen	director	7=6823 ST CHARLES AVE, NEW ORLEANS LA 70118
William Earl Wood	officer: Exec. VP, Pres. of Digital	1901 CAPITAL PARKWAY, AUSTIN TX 78746
George Jr Campbell	director	4 IRVING PLACE, NEW YORK NY 10003
Patricia Higgins	director	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Irwin D Simon	director	C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Leonard Riggio	director, 10 percent owner, officer: Executive Chairman	122 FIFTH AVE, NEW YORK NY 10011
Allen W Lindstrom	officer: Chief Financial Officer	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Bradley A. Feuer	officer: VP, Gen. Counsel & Corp. Secy	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Paul B Guenther	director	C/O GABELLI ASSET MANAGEMENT INC, ONE CORPORATE CENTER, RYE NY 16580
Joseph Charles Gorman	officer: Executive VP, Operations	C/O GNC HOLDINGS, INC. 300 SIXTH AVENUE PITTSBURGH PA 15222
Tim Mantel	officer: Chief Merchandising Officer	C/O BARNES & NOBLE, INC 122 FIFTH AVENUE NEW YORK NY 10011
Carl S Hauch	officer: Vice President, Stores	ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
Demos Parneros	director, officer: Chief Executive Officer	483 BAY ST, 7TH FL NORTH TOWER, TORONTOON A1 999999999