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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. Bassett Furniture Industries's Average Total Inventories for the quarter that ended in Feb. 2024 was $63.0 Mil. Bassett Furniture Industries's Revenue for the three months ended in Feb. 2024 was $86.6 Mil. Bassett Furniture Industries's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.73.
Bassett Furniture Industries's Inventory-to-Revenue for the quarter that ended in Feb. 2024 increased from Nov. 2023 (0.69) to Nov. 2023 (0.73)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueDays Inventory indicates the number of days of goods in sales that a company has in the inventory. Bassett Furniture Industries's Days Inventory for the three months ended in Feb. 2024 was 148.52.
Inventory Turnover measures how fast the company turns over its inventory within a year. Bassett Furniture Industries's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.61.
The historical data trend for Bassett Furniture Industries's Inventory-to-Revenue 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.
Bassett Furniture Industries Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.14 | 0.18 | 0.15 | 0.17 | 0.19 |
Bassett Furniture Industries Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.76 | 0.74 | 0.79 | 0.69 | 0.73 |
For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture Industries's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bassett Furniture Industries's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Bassett Furniture Industries's Inventory-to-Revenue falls into.
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.
Bassett Furniture Industries's Inventory-to-Revenue for the fiscal year that ended in Nov. 2023 is calculated as
Inventory-to-Revenue (A: Nov. 2023 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (A: Nov. 2022 ) | + | Total Inventories (A: Nov. 2023 )) | / | count ) | / | Revenue (A: Nov. 2023 ) |
= | ( (85.477 | + | 62.982) | / | 2 ) | / | 390.136 |
= | 74.2295 | / | 390.136 | ||||
= | 0.19 |
Bassett Furniture Industries's Inventory-to-Revenue for the quarter that ended in Feb. 2024 is calculated as
Inventory-to-Revenue (Q: Feb. 2024 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (Q: Nov. 2023 ) | + | Total Inventories (Q: Feb. 2024 )) | / | count ) | / | Revenue (Q: Feb. 2024 ) |
= | ( (62.982 | + | 62.957) | / | 2 ) | / | 86.554 |
= | 62.9695 | / | 86.554 | ||||
= | 0.73 |
* 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.
Bassett Furniture Industries (NAS:BSET) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueLikewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenueMore Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Bassett Furniture Industries's Days Inventory for the three months ended in Feb. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Feb. 2024 ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | 62.9695 | / | 38.687 | * | 365 / 4 | |
= | 148.52 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
Bassett Furniture Industries's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Feb. 2024 ) | / | Average Total Inventories (Q: Feb. 2024 ) |
= | 38.687 | / | 62.9695 | |
= | 0.61 |
* 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.
Thank you for viewing the detailed overview of Bassett Furniture Industries's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Spilman Robert H Jr | director, officer: Pres & Chief Executive Officer | C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
John Michael Daniel | officer: V P, Chief Accounting Officer | P O BOX 626, 3525 FAIRYSTONE PARK HWY, BASSETT VA 24055 |
Warden William C Jr | director | PO BOX 2328, HICKORY NC 28603-2328 |
David C Baker | officer: SVP, Corporate Retail | 1012 SHERATON, COURT, MARTINSVILLE VA 24112 |
Emma S. Battle | director | 101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101 |
Virginia W. Hamlet | director | P.O. BOX 626, BASSETT VA 24055 |
Wampler William C Jr | director | 510 CUMBERLAND STREET, BRISTOL VA 24201-4387 |
Bassett John E Iii | officer: vice President Global Sourcing | C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
John R Belk | director | BELK INC, 2801 WEST TYVOLA ROAD, CHARLOTTE NC 28217-4500 |
Stefanie Jane Lucas | officer: SVP, Chief Merchandising Offic | P.O. BOX 626, BASSETT VA 24055 |
Kara Ann Kelchner-strong | officer: SVP, Customer Experience Offic | P.O. BOX 626, BASSETT VA 24055 |
Mark S Jordan | officer: Vice President Upholstery | BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055 |
Jay R Hervey | officer: Vice Pres Sec & Gen Counsel | |
Bruce Cohenour | officer: SR VP/SALES & MERCHANDISING | HOOKER FURNITURE CORPORATION, 440 EAST COMMONWEALTH BLVD, MARTINSVILLE VA 24112 |
Kristina K Cashman | director |
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