Sleep Country Canada Holdings (TSX:ZZZ) Days Inventory : 53.18 (As of Dec. 2023)

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What is Sleep Country Canada Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sleep Country Canada Holdings's Average Total Inventories for the three months ended in Dec. 2023 was C$92.9 Mil. Sleep Country Canada Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$159.3 Mil. Hence, Sleep Country Canada Holdings's Days Inventory for the three months ended in Dec. 2023 was 53.18.

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

TSX:ZZZ' s Days Inventory Range Over the Past 10 Years
Min: 32.31 Med: 41.59 Max: 60.12
Current: 58.3

During the past 10 years, Sleep Country Canada Holdings's highest Days Inventory was 60.12. The lowest was 32.31. And the median was 41.59.

TSX:ZZZ's Days Inventory is ranked better than
74.67% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.765 vs TSX:ZZZ: 58.30

Sleep Country Canada Holdings's Days Inventory declined from Dec. 2022 (60.40) to Dec. 2023 (53.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sleep Country Canada Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.72.

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. Sleep Country Canada Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.36.

Sleep Country Canada Holdings Days Inventory Historical Data

The historical data trend for Sleep Country Canada 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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Sleep Country Canada Holdings Days Inventory Chart

Sleep Country Canada Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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44.81

47.68

48.49

59.08

60.12

Sleep Country Canada 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															60.40	64.98	61.01	53.55	53.18

Competitive Comparison of Sleep Country Canada Holdings's Days Inventory

For the Specialty Retail subindustry, Sleep Country Canada 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.

Sleep Country Canada Holdings's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sleep Country Canada Holdings's Days Inventory distribution charts can be found below:

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

Sleep Country Canada Holdings Days Inventory Calculation

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

Sleep Country Canada Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (98.691	+	94.885)	/	2 )	/	587.57	*	365
=	96.788					/	587.57	*	365
=	60.12

Sleep Country Canada 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
=	( (90.845	+	94.885)	/	2 )	/	159.335	*	365 / 4
=	92.865					/	159.335	*	365 / 4
=	53.18

Sleep Country Canada Holdings (TSX:ZZZ) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	159.335	/	92.865
	=	1.72

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	92.865	/	255.602
	=	0.36

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.

Sleep Country Canada Holdings Days Inventory Related Terms

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

Sleep Country Canada Holdings (TSX:ZZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sleep Country Canada Holdings Inc (TSX:ZZZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SCCAF:USA 1S2:Germany

Address

7920 Airport Road, Brampton, ON, CAN, L6T 4N8

Website

https://www.sleepcountry.ca

Sleep Country Canada Holdings Inc is engaged in the retail of mattresses. It operates in the retail marketplace, offering mattresses and bedding-related products. The company operates in three segments Sleep Country/Dormez-vous, Endy, and Hush. The company sells bedding products such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards under brands like Sealy, Serta, Simmons, Kingsdown, Contour Collection, Tempur-Pedic, iComfort, Sunset Collection, Dormeo Octaspring, and Natura. The company operates only in Canada.