Ulta Beauty (WBO:ULTA) Total Inventories : €1,599 Mil (As of Jan. 2024)

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What is Ulta Beauty Total Inventories?

Ulta Beauty's total inventories for the quarter that ended in Jan. 2024 was €1,599 Mil. Ulta Beauty's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was €1,899 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ulta Beauty's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was €-31.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ulta Beauty's Days Inventory for the three months ended in Jan. 2024 was 85.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ulta Beauty's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.07.

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. Ulta Beauty's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.58.

Ulta Beauty Total Inventories Historical Data

The historical data trend for Ulta Beauty'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.

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Ulta Beauty Total Inventories Chart

Ulta Beauty Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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1,165.63

959.11

1,325.31

1,488.00

1,599.28

Ulta Beauty Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															1,488.00	1,597.13	1,641.25	2,198.28	1,599.28

Ulta Beauty 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.

Ulta Beauty (WBO:ULTA) 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.

Ulta Beauty's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(703.733	+	0.75 * 190.888	+	0.5 * 1599.281	-	3146.613
-	0	-	0)	/	48.324
=	-31.04

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

Ulta Beauty's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1898.779	/	2032.208	*	365 / 4
	=	85.26

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

Ulta Beauty's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	2032.208	/	1898.779
	=	1.07

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.

Ulta Beauty's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1898.779	/	3262.846
	=	0.58

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.

Ulta Beauty Total Inventories Related Terms

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Ulta Beauty (WBO:ULTA) Business Description

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Traded in Other Exchanges

ULTA:USA ULTA:Mexico 34U:Germany U1LT34:Brazil

Address

1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440

Website

https://www.ulta.com

With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.