Barnes & Noble (Barnes & Noble) Total Inventories

: $924 Mil (As of Apr. 2019)

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Barnes & Noble's total inventories for the quarter that ended in Apr. 2019 was $924 Mil. Barnes & Noble's average total inventories from the quarter that ended in Jan. 2019 to the quarter that ended in Apr. 2019 was $962 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Barnes & Noble's Net-Net Working Capital per share for the quarter that ended in Apr. 2019 was $-10.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Barnes & Noble's Days Inventory for the three months ended in Apr. 2019 was 164.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Barnes & Noble's Inventory Turnover for the quarter that ended in Apr. 2019 was 0.55.

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. Barnes & Noble's Inventory-to-Revenue for the quarter that ended in Apr. 2019 was 1.27.

Barnes & Noble Total Inventories Historical Data

The historical data trend for Barnes & Noble's Total Inventories 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.

* Premium members only.

Barnes & Noble Annual Data

Trend

Apr10

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Total Inventories

995.74

933.72

946.91

958.20

923.71

Barnes & Noble Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19
Total Inventories																958.20	940.39	1,145.70	1,000.31	923.71

Barnes & Noble Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Barnes & Noble (NYSE:BKS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Barnes & Noble's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2019 is

	Net-Net Working Capital Per Share (Q: Apr. 2019 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.443	+	0.75 * 17.06	+	0.5 * 923.714	-	1261.137
-	0	-	0)	/	73.037
=	-10.64

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

Barnes & Noble's Days Inventory for the three months ended in Apr. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2019 )	/	Cost of Goods Sold (Q: Apr. 2019 )	*	Days in Period
	=	962.01	/	533.19	*	365 / 4
	=	164.64

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Barnes & Noble's Inventory Turnover for the quarter that ended in Apr. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Apr. 2019 )	/	Average Total Inventories (Q: Apr. 2019 )
	=	533.19	/	962.01
	=	0.55

4. 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.

Barnes & Noble's Inventory to Revenue for the quarter that ended in Apr. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2019 )	/	Revenue (Q: Apr. 2019 )
	=	962.01	/	755.433
	=	1.27

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Barnes & Noble Total Inventories Related Terms

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Barnes & Noble (Barnes & Noble) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Barnes & Noble Inc (NYSE:BKS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

122 Fifth Avenue, New York, NY, USA, 10011

Website

http://www.barnesandnobleinc.com

Barnes & Noble is a United States-based company that is mainly engaged in retail of books and products of content, digital media, and educational products. The company operates in a multichannel model, including a physical bookstore network throughout the country, an e-commerce platform on BN.com, and its Nook digital business. The company offers books, magazines, music, DVDs, newspapers, and entertainment content, along with e-reading products under the Nook brand. Retail sales from physical stores and BN.com account for the majority of the company's total revenue.

Executives

Al Ferrara	director	433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Mark D Carleton	director	12300 LIBERTY BLVD., ENGLEWOOD CO 80112
Scott S Cowen	director	7=6823 ST CHARLES AVE, NEW ORLEANS LA 70118
William Earl Wood	officer: Exec. VP, Pres. of Digital	1901 CAPITAL PARKWAY, AUSTIN TX 78746
George Jr Campbell	director	4 IRVING PLACE, NEW YORK NY 10003
Patricia Higgins	director	11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Irwin D Simon	director	C/O THE HAIN CELESTIAL GROUP INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
Leonard Riggio	director, 10 percent owner, officer: Executive Chairman	122 FIFTH AVE, NEW YORK NY 10011
Allen W Lindstrom	officer: Chief Financial Officer	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Bradley A. Feuer	officer: VP, Gen. Counsel & Corp. Secy	C/O BARNES & NOBLE, INC., 122 FIFTH AVENUE, NEW YORK NY 10011
Paul B Guenther	director	C/O GABELLI ASSET MANAGEMENT INC, ONE CORPORATE CENTER, RYE NY 16580
Joseph Charles Gorman	officer: Executive VP, Operations	C/O GNC HOLDINGS, INC. 300 SIXTH AVENUE PITTSBURGH PA 15222
Tim Mantel	officer: Chief Merchandising Officer	C/O BARNES & NOBLE, INC 122 FIFTH AVENUE NEW YORK NY 10011
Carl S Hauch	officer: Vice President, Stores	ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
Demos Parneros	director, officer: Chief Executive Officer	483 BAY ST, 7TH FL NORTH TOWER, TORONTOON A1 999999999