Children's Place (Children's Place) Inventory Turnover : 0.86 (As of Jan. 2024)

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What is Children's Place 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. Children's Place's Cost of Goods Sold for the three months ended in Jan. 2024 was $356 Mil. Children's Place's Average Total Inventories for the quarter that ended in Jan. 2024 was $412 Mil. Children's Place's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Children's Place's Days Inventory for the three months ended in Jan. 2024 was 105.63.

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. Children's Place's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.91.

Children's Place Inventory Turnover Historical Data

The historical data trend for Children's Place'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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Children's Place Inventory Turnover Chart

Children's Place Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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3.85

3.33

2.74

2.72

2.86

Children's Place Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.47	0.50	0.64	0.86

Children's Place Inventory Turnover Calculation

Children's Place's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	1157.234	/ (	(447.795	+	362.099)	/	2 )
=	1157.234	/	404.947
=	2.86

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

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	356.123	/ (	(462.411	+	362.099)	/	2 )
=	356.123	/	412.255
=	0.86

Children's Place (NAS:PLCE) 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.

Children's Place'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
	=	412.255	/	356.123	*	365 / 4
	=	105.63

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.

Children's Place'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 )
	=	412.255	/	455.034
	=	0.91

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.

Children's Place Inventory Turnover Related Terms

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Children's Place (Children's Place) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Children's Place Inc (NAS:PLCE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CP5:Germany CP5:Germany

Address

500 Plaza Drive, Secaucus, NJ, USA, 07094

Website

https://www.childrensplace.com

Children's Place Inc is pure-play children's specialty apparel retailer in North America. It design, contract to manufacture, sell at retail and wholesale, and license to sell, trend right, high quality merchandise predominantly at value prices, under proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.

Executives

Maegan Markee	officer: BRAND PRESIDENT	500 PLAZA DRIVE, SECAUCUS NJ 07094
Alicia Enciso	director	1721 VALLEY AVENUE, MCLEAN VA 22101
Jane T Elfers	officer: President and CEO	C/O THE CHILDRENS PLACE RETAIL STORES, 915 SECAUCUS ROAD, SECAUCUS NJ 07094
Wesley S Mcdonald	director
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Sheamus Toal	officer: SVP, CHIEF FINANCIAL OFFICER	450 W. 33RD STREET, 5TH FLOOR, NEW YORK NY 10001
John E. Bachman	director	77 EXETER STREET, 1809, BOSTON MA 02116
Joseph A Alutto	director	810 CURLEYS COURT, COLUMBUS OH 43235
Jared Shure	officer: SVP, GEN COUNSEL & SECRETARY	500 PLAZA DRIVE, THE CHILDREN'S PLACE, SECAUCUS NJ 07094
Elizabeth J Boland	director	C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Deborah Derby	officer: CHIEF ADMINISTRATIVE OFFICER	TOYS R US INC, 225 SUMMIT AVE, MONTVALE NJ 07645
Katherine Kountze	director	500 PLAZA DRIVE, C/O THE CHILDREN'S PLACE, SECAUCUS NJ 07094
Michael D Rinaldo	officer: CHIEF ACCOUNTING OFFICER	C/O TIFFANY & CO., 727 FIFTH AVENUE, NEW YORK NY 10022
Leah Swan	officer: CHIEF ADMINISTRATIVE OFFICER	500 PLAZA DRIVE, C/O THE CHILDREN'S PLACE, INC., SECAUCUS NJ 07094
Robert F Helm	officer: SVP, FINANCE & INV MGMT (CAO)	500 PLAZA DRIVE, THE CHILDREN'S PLACE, SECAUCUS NJ 07094