Companhia Brasileira De Distribuicao (Companhia Brasileira De Distribuicao) Inventory Turnover : 1.78 (As of Sep. 2023)

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What is Companhia Brasileira De Distribuicao 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. Companhia Brasileira De Distribuicao's Cost of Goods Sold for the three months ended in Sep. 2023 was $719 Mil. Companhia Brasileira De Distribuicao's Average Total Inventories for the quarter that ended in Sep. 2023 was $404 Mil. Companhia Brasileira De Distribuicao's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Companhia Brasileira De Distribuicao's Days Inventory for the three months ended in Sep. 2023 was 51.28.

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. Companhia Brasileira De Distribuicao's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.42.

Companhia Brasileira De Distribuicao Inventory Turnover Historical Data

The historical data trend for Companhia Brasileira De Distribuicao'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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Companhia Brasileira De Distribuicao Inventory Turnover Chart

Companhia Brasileira De Distribuicao Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.85

1.38

1.92

3.76

7.47

Companhia Brasileira De Distribuicao Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.00	1.65	1.83	1.78	1.99

Companhia Brasileira De Distribuicao Inventory Turnover Calculation

Companhia Brasileira De Distribuicao's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2481.984	/ (	(929.636	+	390.056)	/	2 )
=	2481.984	/	659.846
=	3.76

Companhia Brasileira De Distribuicao's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	719.015	/ (	(404.846	+	403.345)	/	2 )
=	719.015	/	404.0955
=	1.78

Companhia Brasileira De Distribuicao (OTCPK:CBDBY) 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.

Companhia Brasileira De Distribuicao's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	404.0955	/	719.015	*	365 / 4
	=	51.28

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.

Companhia Brasileira De Distribuicao's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	404.0955	/	960.172
	=	0.42

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.

Companhia Brasileira De Distribuicao Inventory Turnover Related Terms

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Companhia Brasileira De Distribuicao (Companhia Brasileira De Distribuicao) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Companhia Brasileira De Distribuicao (OTCPK:CBDBY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CBDN:Mexico C1B2:Germany PCAR3:Brazil CBD:Argentina

Address

Avenida Brigadeiro Luiz Antonio, 3142, Sao Paulo, SP, BRA, 01402-901

Website

https://www.gpari.com.br

Companhia Brasileira De Distribuicao, or GPA, is part of Casino Group, a Brazilian retail and distribution group. The company has a multichannel, multiformat, and multiregional approach. It operates in Latin America. GPA operates various store concepts under different names: MultiVarejo (Pao de Acucar, Extra and Proximity units), Assai Atacadista, Via Varejo, GPA Malls, and Cnova. The firm's specialties include supermarkets, hypermarkets, electronics and household appliances, convenience stores, its cash-and-carry segment, and e-commerce operations.