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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. Winmark's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.08 Mil. Winmark's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.40 Mil. Winmark's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.67.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Winmark's Days Inventory for the three months ended in Mar. 2024 was 34.22.
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. Winmark's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.
The historical data trend for Winmark'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.
Winmark Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 46.40 | 48.98 | 22.18 | 8.57 | 8.40 |
Winmark Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | 2.54 | 3.02 | 2.57 | 3.27 | 2.67 |
Winmark'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 ) |
= | 4.86 | / ( | (0.771 | + | 0.386) | / | 2 ) |
= | 4.86 | / | 0.5785 | ||||
= | 8.40 |
Winmark's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover (Q: Mar. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Mar. 2024 ) | / ( | (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) |
= | 1.076 | / ( | (0.386 | + | 0.421) | / | 2 ) |
= | 1.076 | / | 0.4035 | ||||
= | 2.67 |
* 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.
Winmark (NAS:WINA) 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.
Winmark's Days Inventory for the three months ended in Mar. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Mar. 2024 ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | 0.4035 | / | 1.076 | * | 365 / 4 | |
= | 34.22 |
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.
Winmark's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 0.4035 | / | 20.11 | |
= | 0.02 |
* 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.
Thank you for viewing the detailed overview of Winmark's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Mark L Wilson | director | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Anthony D Ishaug | officer: Chief Financial Officer | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Renae M. Gaudette | officer: Vice President of Franchising | 605 HIGHWAY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Jenele C Grassle | director | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Brett D Heffes | officer: CFO & Treasurer | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Lawrence A Barbetta | director | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Paul C Reyelts | director | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Philip Irving Smith | director | 4503 BROWNDALE AVENUE, EDINA MN 55424 |
Amy C Becker | director | P.O. BOX 1299, MINNEAPOLIS MN 55440-1299 |
Tomlinson Percy C Jr | director | 605 HIGHWAY 169 N., SUITE 400, MINNEAPOLIS MN 55441 |
Leah A Goff | officer: VP of Human Resources | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Ronald G Olson | 10 percent owner | GROWN BIZ INTERNATIONAL INC, 4200 DAHLBERG DRIVE, MINNEAPOLIS MN 55422-4837 |
Gina Decaro Sprenger | director | 605 HIGHWAY 169 N., SUITE 400, MINNEAPOLIS MN 55441 |
Steven Murphy | officer: VP of Franchise Mgmt | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
Steven C Zola | officer: President, Winmark Captial Cor | 605 HWY 169 N, SUITE 400, MINNEAPOLIS MN 55441 |
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