Canada Goose Holdings (TSX:GOOS) Days Inventory : 284.26 (As of Dec. 2023)

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What is Canada Goose Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Canada Goose Holdings's Average Total Inventories for the three months ended in Dec. 2023 was C$499 Mil. Canada Goose Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$160 Mil. Hence, Canada Goose Holdings's Days Inventory for the three months ended in Dec. 2023 was 284.26.

The historical rank and industry rank for Canada Goose Holdings's Days Inventory or its related term are showing as below:

TSX:GOOS' s Days Inventory Range Over the Past 10 Years
Min: 196.2 Med: 251.73 Max: 458.18
Current: 458.18

During the past 9 years, Canada Goose Holdings's highest Days Inventory was 458.18. The lowest was 196.20. And the median was 251.73.

TSX:GOOS's Days Inventory is ranked worse than
94.67% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.52 vs TSX:GOOS: 458.18

Canada Goose Holdings's Days Inventory increased from Dec. 2022 (282.77) to Dec. 2023 (284.26). It might indicate that Canada Goose Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Canada Goose Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.32.

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. Canada Goose Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.82.

Canada Goose Holdings Days Inventory Historical Data

The historical data trend for Canada Goose Holdings'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.

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Canada Goose Holdings Days Inventory Chart

Canada Goose Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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251.73

339.99

393.81

368.00

393.30

Canada Goose Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															282.77	423.26	1,533.22	467.84	284.26

Competitive Comparison of Canada Goose Holdings's Days Inventory

For the Apparel Manufacturing subindustry, Canada Goose Holdings'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.

Canada Goose Holdings's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Canada Goose Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Canada Goose Holdings's Days Inventory falls into.

Canada Goose Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Canada Goose Holdings's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (393.3	+	472.6)	/	2 )	/	401.8	*	365
=	432.95					/	401.8	*	365
=	393.30

Canada Goose Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (519.7	+	478.4)	/	2 )	/	160.2	*	365 / 4
=	499.05					/	160.2	*	365 / 4
=	284.26

Canada Goose Holdings (TSX:GOOS) 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.

Canada Goose Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	160.2	/	499.05
	=	0.32

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.

Canada Goose Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	499.05	/	609.9
	=	0.82

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.

Canada Goose Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Canada Goose Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Canada Goose Holdings (TSX:GOOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Canada Goose Holdings Inc (TSX:GOOS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GOOS:USA 1GC:Germany

Address

250 Bowie Avenue, Toronto, ON, CAN, M6E 4Y2

Website

https://www.canadagoose.com

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and international distributors. Geographically, it has a presence in Canada, the United States, Asia, Europe, and the Rest of the World.