Alimentation Couche-Tard (Alimentation Couche-Tard) Inventory Turnover : 7.04 (As of Jan. 2024)

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What is Alimentation Couche-Tard Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Alimentation Couche-Tard's Cost of Goods Sold for the three months ended in Jan. 2024 was $16,181 Mil. Alimentation Couche-Tard's Average Total Inventories for the quarter that ended in Jan. 2024 was $2,297 Mil. Alimentation Couche-Tard's Inventory Turnover for the quarter that ended in Jan. 2024 was 7.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alimentation Couche-Tard's Days Inventory for the three months ended in Jan. 2024 was 12.95.

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. Alimentation Couche-Tard's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.12.

Alimentation Couche-Tard Inventory Turnover Historical Data

The historical data trend for Alimentation Couche-Tard's Inventory Turnover 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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Alimentation Couche-Tard Inventory Turnover Chart

Alimentation Couche-Tard Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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35.20

32.89

23.72

24.84

26.12

Alimentation Couche-Tard Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															6.80	5.68	5.82	6.15	7.04

Alimentation Couche-Tard Inventory Turnover Calculation

Alimentation Couche-Tard's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	59804.6	/ (	(2403	+	2176)	/	2 )
=	59804.6	/	2289.5
=	26.12

Alimentation Couche-Tard's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	16180.5	/ (	(2204.2	+	2389.6)	/	2 )
=	16180.5	/	2296.9
=	7.04

Alimentation Couche-Tard (OTCPK:ANCTF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Alimentation Couche-Tard'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
	=	2296.9	/	16180.5	*	365 / 4
	=	12.95

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.

Alimentation Couche-Tard'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 )
	=	2296.9	/	19622
	=	0.12

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Alimentation Couche-Tard Inventory Turnover Related Terms

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Alimentation Couche-Tard (Alimentation Couche-Tard) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Alimentation Couche-Tard Inc (OTCPK:ANCTF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CJA0:Germany ATD:Canada

Address

4204 Boulevard Industriel, Laval, QC, CAN, H7L 0E3

Website

https://corpo.couche-tard.com

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia. Its operation is geographically divided into U.S., Europe, and Canada. Revenue from external customers fall mainly into three categories: merchandise and services, road transportation fuel, and other.