Quad/Graphics (Quad/Graphics) Inventory Turnover : 3.06 (As of Dec. 2023)

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What is Quad/Graphics 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. Quad/Graphics's Cost of Goods Sold for the three months ended in Dec. 2023 was $633 Mil. Quad/Graphics's Average Total Inventories for the quarter that ended in Dec. 2023 was $207 Mil. Quad/Graphics's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quad/Graphics's Days Inventory for the three months ended in Dec. 2023 was 29.78.

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. Quad/Graphics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Quad/Graphics Inventory Turnover Historical Data

The historical data trend for Quad/Graphics'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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Quad/Graphics Inventory Turnover Chart

Quad/Graphics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.04

12.27

12.06

10.76

10.84

Quad/Graphics 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															2.42	2.47	2.59	2.58	3.06

Quad/Graphics Inventory Turnover Calculation

Quad/Graphics'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 )
=	2381.2	/ (	(260.7	+	178.8)	/	2 )
=	2381.2	/	219.75
=	10.84

Quad/Graphics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	633.1	/ (	(234.4	+	178.8)	/	2 )
=	633.1	/	206.6
=	3.06

Quad/Graphics (NYSE:QUAD) 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.

Quad/Graphics's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	206.6	/	633.1	*	365 / 4
	=	29.78

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.

Quad/Graphics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	206.6	/	787.9
	=	0.26

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.

Quad/Graphics Inventory Turnover Related Terms

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Quad/Graphics (Quad/Graphics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quad/Graphics Inc (NYSE:QUAD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

QGU:Germany QGU:Germany

Address

N61 W23044 Harry's Way, Sussex, WI, USA, 53089-3995

Website

https://www.quad.com

Quad/Graphics Inc provides print and marketing services to help customers market their products, services, and contents. The company primarily operates in the commercial segment of the printing industry. It operates through three divisions. The United States print and related services segment consists of the company's American operations. Besides the complete set of print and marketing solutions, this segment also manufactures ink. The international segment includes the company's printing business in Europe and Latin America. The corporate segment is engaged in the general and administrative activities as well as associated costs. The company almost generates all its revenue from the American domestic market.

Executives

Melanie Arlene Huet	director	6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Robert H Quadracci	officer: Chief Human Resources Officer	C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Anthony Staniak	officer: Chief Financial Officer	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Beth-ann Eason	director	C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Dana B. Gruen	officer: General Counsel & Corp Sec	C/O QUAD/GRAPHICS INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Donald M Mckenna	officer: EVP, Chief Administrative ofcr	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Joshua J Golden	officer: Chief Marketing Officer	C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
J Joel Quadracci	director, officer: Chairman, Pres & CEO	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Julie A Currie	officer: EVP and Chief Revenue Officer	N61 W23044 HARRY'S WAY, SUSSEX WI 53089
John S Shiely	director	770 NORTH WATER ST, MILWAUKEE WI 53202
Christopher B Harned	director	C/O THE CYPRESS GROUP, 65 EAST 55TH ST, 28TH FLOOR, NEW YORK NY 10022
Thomas J Frankowski	officer: Chief Operating Officer	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Kelly A Vanderboom	officer: EVP & Treasurer	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Jennifer J. Kent	officer: EVP of Admin. & Gen. Counsel	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
David J Honan	officer: EVP & CFO	QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089