BIGGQ (Former BL Stores) Inventory Turnover: 0.76 (As of Jul. 2024)

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BIGGQ Former BL Stores Inc BIGGQ
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What is Former BL Stores Inventory Turnover?

Former BL Stores BIGGQ -20.00% 12 Inventory Turnover is 0.76 as of Jul. 2024. GuruFocus rates BIGGQ with a GF Score™ of 12/100.

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. Former BL Stores's Cost of Goods Sold for the three months ended in Jul. 2024 was $681 Mil. Former BL Stores's Average Total Inventories for the quarter that ended in Jul. 2024 was $894 Mil. Former BL Stores's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Former BL Stores's Days Inventory for the three months ended in Jul. 2024 was 119.67.

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. Former BL Stores's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.85.

Former BL Stores  (OTCPK:BIGGQ) 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.

Former BL Stores's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jul. 2024 )/Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=893.587/681.386*365 / 4
=119.67

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.

Former BL Stores's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jul. 2024 ) / Revenue (Q: Jul. 2024 )
=893.587 / 1046.552
=0.85

* 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.

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.

Former BL Stores Inventory Turnover Related Terms

Former BL Stores Inventory Turnover Historical Data

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The historical data trend for Former BL Stores'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.

Former BL Stores Inventory Turnover Chart

Former BL Stores Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.39 3.98 3.45 2.98 2.89

Former BL Stores Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.74 0.60 0.83 0.67 0.76
BIGGQ
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Former BL Stores Inc BIGGQ
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Former BL Stores Inventory Turnover Calculation

Former BL Stores's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Inventory Turnover (A: Jan. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jan. 2024 ) / ((Total Inventories (A: Jan. 2023 ) + Total Inventories (A: Jan. 2024 )) / count )
=3035.488 / ((1147.949 + 953.302) / 2 )
=3035.488 / 1050.6255
=2.89

Former BL Stores's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

Inventory Turnover (Q: Jul. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jul. 2024 ) / ((Total Inventories (Q: Apr. 2024 ) + Total Inventories (Q: Jul. 2024 )) / count )
=681.386 / ((949.899 + 837.275) / 2 )
=681.386 / 893.587
=0.76

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.76 mean?
Former BL Stores (BIGGQ) has a Inventory Turnover of 0.76 as of Jul. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Former BL Stores and its competitors.
Is Former BL Stores' Inventory Turnover too high?
Former BL Stores' current Inventory Turnover is 0.76. Overall, Former BL Stores has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Former BL Stores' Inventory Turnover compare to WMT and COST?
Former BL Stores' Inventory Turnover of 0.76 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Retail - Defensive company?
A good Inventory Turnover depends on the Retail - Defensive industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Former BL Stores and its competitors. Former BL Stores's current Inventory Turnover is 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Former BL Stores stock overvalued right now?
Former BL Stores (BIGGQ) has a current Inventory Turnover of 0.76. The current Inventory Turnover is 0.76. Former BL Stores' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Former BL Stores (BIGGQ), the current Inventory Turnover is 0.76 as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Former BL Stores Business Description

Address 4900 East Dublin-Granville Road, Columbus, OH, USA, 43081
Former BL Stores Inc, formerly Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.
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