Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Inventory Turnover : 3.36 (As of Jan. 2024)

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What is Cracker Barrel Old Country Store 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. Cracker Barrel Old Country Store's Cost of Goods Sold for the three months ended in Jan. 2024 was $638 Mil. Cracker Barrel Old Country Store's Average Total Inventories for the quarter that ended in Jan. 2024 was $190 Mil. Cracker Barrel Old Country Store's Inventory Turnover for the quarter that ended in Jan. 2024 was 3.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cracker Barrel Old Country Store's Days Inventory for the three months ended in Jan. 2024 was 27.17.

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. Cracker Barrel Old Country Store's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.20.

Cracker Barrel Old Country Store Inventory Turnover Historical Data

The historical data trend for Cracker Barrel Old Country Store'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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Cracker Barrel Old Country Store Inventory Turnover Chart

Cracker Barrel Old Country Store Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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12.92

11.60

13.33

12.51

11.61

Cracker Barrel Old Country Store 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															3.06	3.01	3.01	2.82	3.36

Cracker Barrel Old Country Store Inventory Turnover Calculation

Cracker Barrel Old Country Store's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	2336.286	/ (	(213.249	+	189.364)	/	2 )
=	2336.286	/	201.3065
=	11.61

Cracker Barrel Old Country Store'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 )
=	638.047	/ (	(207.269	+	172.702)	/	2 )
=	638.047	/	189.9855
=	3.36

Cracker Barrel Old Country Store (NAS:CBRL) 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.

Cracker Barrel Old Country Store'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
	=	189.9855	/	638.047	*	365 / 4
	=	27.17

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.

Cracker Barrel Old Country Store'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 )
	=	189.9855	/	935.401
	=	0.20

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.

Cracker Barrel Old Country Store Inventory Turnover Related Terms

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Cracker Barrel Old Country Store (Cracker Barrel Old Country Store) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cracker Barrel Old Country Store Inc (NAS:CBRL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OLD:Germany OLD:Germany

Address

305 Hartmann Drive, Lebanon, TN, USA, 37087-4779

Website

https://www.crackerbarrel.com

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

Executives

Sandra B Cochran	officer: Executive VP & CFO	305 HARTMANN DRIVE, LEBANON TN 37087
Julie D. Masino	officer: CEO-elect	C/O VIVID SEATS INC., 111 N. CANAL STREET, SUITE 800, CHICAGO IL 60606
Jim Mark Spurgin	officer: SVP Chief Supply Chain Officer	305 S. HARTMANN DRIVE, LEBANON TN 37087
William W. Moreton	director	3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Jody L Bilney	director	2202 NORTH WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Cammie Schaefer	officer: SVP Operations	305 HARTMANN DR, LEBANON TN 37087
Craig Pommells	officer: SVP & CFO	305 HARTMANN DR, LEBANON TN 37087
Donna Roberts	officer: SVP, Chief HR Officer	305 HARTMANN DR, LEBANON TN 37087
Darryl L Wade	director	1208 SHARON PLACE, WINTER PARK FL 32789
Bruce Hoffmeister	officer: SVP, Chief Information Officer	8546 ROBERTS ROAD, ELLICOTT CITY MD 21043
Gisel Ruiz	director	C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Jennifer Tate	officer: SVP & CMO	305 HARTMANN DRIVE, LEBANON TN 37087
Gilbert Raymond Davila	director	15838 SEVILLE LANE, ENCINO CA 91436
Carl T Berquist	director	C/O MARRIOTT INTERNATONAL INC, 10400 FERNWOOD ROAD, BETHESDA MD 20817
Kara Jacobs	officer: VP, Controller & PAO	305 HARTMANN DR, LEBANON TN 37087