Days Inventory is also known as Days Sales of Inventory (DSI). Ingles Markets's Average Total Inventories for the
three
months ended in Dec. 2023 was $497 Mil. Ingles Markets's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,132 Mil.
Hence, Ingles Markets's Days Inventory for the
three
months ended in Dec. 2023 was 40.09.
The historical rank and industry rank for Ingles Markets's Days Inventory or its related term are showing as below:
IMKTA'
s Days Inventory Range Over the Past 10 Years
Min: 36.3 Med: 40.93 Max: 43.39
Current: 39.21
During the past 13 years, Ingles Markets's highest Days Inventory was 43.39. The lowest was 36.30. And the median was 40.93.
IMKTA's Days Inventory is ranked worse than 52.48% of 303
companies
in the Retail - Defensive industry
Industry Median: 36.41
vs IMKTA: 39.21
Ingles Markets's Days Inventory
increased
from Dec. 2022 (37.52) to Dec. 2023 (40.09).
It might indicate that Ingles Markets's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ingles Markets's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.28.
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.
Ingles Markets's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.34.
Ingles Markets Days Inventory Historical Data
The historical data trend for Ingles Markets's Days Inventory 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.
Competitive Comparison of Ingles Markets's Days Inventory
For the Grocery Stores subindustry, Ingles Markets's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Ingles Markets's Days Inventory Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Ingles Markets's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ingles Markets's Days Inventory falls into.
Ingles Markets Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ingles Markets's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Ingles Markets (NAS:IMKTA) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ingles Markets's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Ingles Markets's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ingles Markets Days Inventory Related Terms
Thank you for viewing the detailed overview of Ingles Markets's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ingles Markets (Ingles Markets) Business Description
Ingles Markets Inc is a U.S.-based company that is principally engaged in operating a supermarket chain. The company operates the business in the southeast United States, mainly in Georgia, North Carolina, South Carolina, and Tennessee, with a few stores in Virginia and Alabama as well. The company locates its stores majorly in suburban areas, small towns, and neighborhood areas. It offers a broad range of goods, including food products, pharmacies, health and beauty care products, and general merchandise. The retail business contributes the majority of the company's revenue. The company's real estate ownership of a material portion of total stores enables it to generate rental income.
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