Bath & Body Works (WBO:LBRA) Inventory Turnover : 1.61 (As of Jan. 2024)

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What is Bath & Body Works 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. Bath & Body Works's Cost of Goods Sold for the three months ended in Jan. 2024 was €1,446 Mil. Bath & Body Works's Average Total Inventories for the quarter that ended in Jan. 2024 was €896 Mil. Bath & Body Works's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bath & Body Works's Days Inventory for the three months ended in Jan. 2024 was 56.58.

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. Bath & Body Works's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.34.

Bath & Body Works Inventory Turnover Historical Data

The historical data trend for Bath & Body Works'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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Bath & Body Works Inventory Turnover Chart

Bath & Body Works Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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2.41

3.36

6.49

6.22

5.88

Bath & Body Works 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															1.56	1.07	1.17	0.89	1.61

Bath & Body Works Inventory Turnover Calculation

Bath & Body Works's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	3849.174	/ (	(657.952	+	651.78)	/	2 )
=	3849.174	/	654.866
=	5.88

Bath & Body Works'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 )
=	1445.85	/ (	(1141.135	+	651.78)	/	2 )
=	1445.85	/	896.4575
=	1.61

Bath & Body Works (WBO:LBRA) 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.

Bath & Body Works'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
	=	896.4575	/	1445.85	*	365 / 4
	=	56.58

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.

Bath & Body Works'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 )
	=	896.4575	/	2673.216
	=	0.34

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.

Bath & Body Works Inventory Turnover Related Terms

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Bath & Body Works (WBO:LBRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bath & Body Works Inc (WBO:LBRA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BBWI:USA BBWI:Mexico LTD0:Germany B1BW34:Brazil

Address

Three Limited Parkway, Columbus, OH, USA, 43230

Website

https://www.bbwinc.com

Bath & Body Works is a specialty home fragrance and fragrant body care retailer operating under the Bath & Body Works, C.O. Bigelow, and White Barn brands. The company generates most of its business in North America, with less than 5% of sales from international markets in fiscal 2022. For fiscal 2022, 72% of sales stemmed from the brick-and-mortar network (which was composed of more than 1,800 retail stores), similar to 2021 levels, as consumer shopping patterns remained to normal. Future growth is expected from store reformatting, digital and international channels, as well as adjacent category expansion.

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