Marisa Lojas (BSP:AMAR3) Inventory Turnover : -0.09 (As of Dec. 2023)

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What is Marisa Lojas 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. Marisa Lojas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$-14 Mil. Marisa Lojas's Average Total Inventories for the quarter that ended in Dec. 2023 was R$152 Mil. Marisa Lojas's Inventory Turnover for the quarter that ended in Dec. 2023 was -0.09.

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

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. Marisa Lojas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Marisa Lojas Inventory Turnover Historical Data

The historical data trend for Marisa Lojas'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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Marisa Lojas Inventory Turnover Chart

Marisa Lojas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.86

3.74

4.17

3.32

3.26

Marisa Lojas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.89	1.18	1.17	-0.09

Marisa Lojas Inventory Turnover Calculation

Marisa Lojas's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	865.323	/ (	(384.557	+	145.6)	/	2 )
=	865.323	/	265.0785
=	3.26

Marisa Lojas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	-13.877	/ (	(158.82	+	145.6)	/	2 )
=	-13.877	/	152.21
=	-0.09

Marisa Lojas (BSP:AMAR3) 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.

Marisa Lojas's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	152.21	/	-13.877	*	365 / 4
	=

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.

Marisa Lojas's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	152.21	/	218.115
	=	0.70

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.

Marisa Lojas Inventory Turnover Related Terms

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Marisa Lojas (BSP:AMAR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marisa Lojas SA (BSP:AMAR3) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Rua James Holland, 422, Barra Funda, Sao Paulo, SP, BRA, 1138050

Website

https://www.marisa.com.br

Marisa Lojas SA is a retail stores operator in Brazil. Its stores offer products related to fashion, underwear, footwear, and accessories for women, men, and children. Its products also include beds, tablecloths, children's bathrobes and towels for home use. The company's income derives from three operating segments. The retail segment, which is the key revenue generator, includes the sale of clothing items, perfumes, beauty products, and watches, in physical stores and e-commerce. The credit card transactions segment is managed by the subsidiary and offered to the company's clients for the credit purchase of products, insurance, and payment of bills. The consumer credit segment offers personal loans to the company's consumers.

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