CSS Industries (CSS Industries) Inventory Turnover : 0.86 (As of Dec. 2019)

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What is CSS Industries 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. CSS Industries's Cost of Goods Sold for the three months ended in Dec. 2019 was $82.9 Mil. CSS Industries's Average Total Inventories for the quarter that ended in Dec. 2019 was $96.0 Mil. CSS Industries's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CSS Industries's Days Inventory for the three months ended in Dec. 2019 was 105.61.

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. CSS Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.85.

CSS Industries Inventory Turnover Historical Data

The historical data trend for CSS Industries'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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CSS Industries Inventory Turnover Chart

CSS Industries Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Inventory Turnover

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3.39

3.10

2.57

2.59

2.95

CSS Industries Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Inventory Turnover	Get a 7-Day Free Trial															0.94	0.55	0.45	0.67	0.86

CSS Industries Inventory Turnover Calculation

CSS Industries's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

	Inventory Turnover (A: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2019 )	/ (	(Total Inventories (A: Mar. 2018 )	+	Total Inventories (A: Mar. 2019 ))	/	count )
=	292.973	/ (	(102.436	+	96.231)	/	2 )
=	292.973	/	99.3335
=	2.95

CSS Industries's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	82.945	/ (	(105.009	+	86.99)	/	2 )
=	82.945	/	95.9995
=	0.86

CSS Industries (NYSE:CSS) 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.

CSS Industries's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	95.9995	/	82.945	*	365 / 4
	=	105.61

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.

CSS Industries's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	95.9995	/	112.932
	=	0.85

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.

CSS Industries Inventory Turnover Related Terms

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CSS Industries (CSS Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CSS Industries Inc (NYSE:CSS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

450 Plymouth Road, Suite 300, Plymouth Meeting, PA, USA, 19462

Website

https://www.cssindustries.com

CSS Industries Inc is a consumer products company. It is focused on the seasonal, gift and craft categories. The company engages in the creative development, manufacture, procurement, distribution, and sale of products with an omni-channel approach focused primarily on mass market retailers.

Executives

Philip R Broenniman	director	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Robert E Chappell	director	C/O GLATFELTER, 96 S GEORGE ST STE 420, YORK PA 17401
Keith W Pfeil	officer: Exec. VP and CFO	GLOBUS MEDICAL, INC., 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA 19403
Steven W Eck	officer: VP - Finance and Accounting	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Scott A Beaumont	director	C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
John J Gavin	director	GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
James E Ksansnak	director	ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107