Transat AT (TSX:TRZ) Inventory Turnover : 20.95 (As of Jan. 2024)

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What is Transat AT 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. Transat AT's Cost of Goods Sold for the three months ended in Jan. 2024 was C$751 Mil. Transat AT's Average Total Inventories for the quarter that ended in Jan. 2024 was C$36 Mil. Transat AT's Inventory Turnover for the quarter that ended in Jan. 2024 was 20.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Transat AT's Days Inventory for the three months ended in Jan. 2024 was 4.36.

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. Transat AT's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.05.

Transat AT Inventory Turnover Historical Data

The historical data trend for Transat AT'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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Transat AT Inventory Turnover Chart

Transat AT Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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173.23

112.46

41.23

93.18

87.09

Transat AT 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															21.97	25.65	20.82	20.09	20.95

Transat AT Inventory Turnover Calculation

Transat AT's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	2632.669	/ (	(26.725	+	33.735)	/	2 )
=	2632.669	/	30.23
=	87.09

Transat AT'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 )
=	750.689	/ (	(33.735	+	37.934)	/	2 )
=	750.689	/	35.8345
=	20.95

Transat AT (TSX:TRZ) 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.

Transat AT'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
	=	35.8345	/	750.689	*	365 / 4
	=	4.36

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.

Transat AT'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 )
	=	35.8345	/	785.498
	=	0.05

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.

Transat AT Inventory Turnover Related Terms

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Transat AT (TSX:TRZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Transat AT Inc (TSX:TRZ) » Definitions » Inventory Turnover

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TRZBF:USA 1TJ:Germany

Address

300 Leo-Pariseau Street, Suite 600, Montreal, QC, CAN, H2X 4C2

Website

https://www.transat.com

Transat A.T. Inc is a Canadian company that specializes in the organization, marketing, and distribution of holiday travel in the tourism industry. The company offers vacation packages, hotel stays, and air travel under the Transat and Air Transat brands. The company's core business consists of a Canadian leisure airline based in Canada that is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network, value-added services at travel destinations, and accommodations. Its geographical segments include the Transatlantic, Americas, and others. It operates in one segment namely holiday travel.

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