Cintas (BSP:C1TA34) Inventory Turnover : 0.82 (As of Feb. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Cintas 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. Cintas's Cost of Goods Sold for the three months ended in Feb. 2024 was R$6,044 Mil. Cintas's Average Total Inventories for the quarter that ended in Feb. 2024 was R$7,363 Mil. Cintas's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cintas's Days Inventory for the three months ended in Feb. 2024 was 111.16.

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. Cintas's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.62.

Cintas Inventory Turnover Historical Data

The historical data trend for Cintas'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.

* Premium members only.

Cintas Inventory Turnover Chart

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

Get a 7-Day Free Trial

3.74

3.91

2.98

3.05

3.20

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.77	0.78	0.82	0.82

Cintas Inventory Turnover Calculation

Cintas's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	23125.192	/ (	(6890.809	+	7564.214)	/	2 )
=	23125.192	/	7227.5115
=	3.20

Cintas's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	6043.989	/ (	(7398.708	+	7326.317)	/	2 )
=	6043.989	/	7362.5125
=	0.82

Cintas (BSP:C1TA34) 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.

Cintas's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	7362.5125	/	6043.989	*	365 / 4
	=	111.16

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.

Cintas's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	7362.5125	/	11936.784
	=	0.62

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.

Cintas Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Cintas's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cintas (BSP:C1TA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (BSP:C1TA34) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.

Cintas (BSP:C1TA34) Headlines

No Headlines