Whole Foods Market (Whole Foods Market) Inventory Turnover : 4.96 (As of Jun. 2017)

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What is Whole Foods Market 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. Whole Foods Market's Cost of Goods Sold for the three months ended in Jun. 2017 was $2,457 Mil. Whole Foods Market's Average Total Inventories for the quarter that ended in Jun. 2017 was $496 Mil. Whole Foods Market's Inventory Turnover for the quarter that ended in Jun. 2017 was 4.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Whole Foods Market's Days Inventory for the three months ended in Jun. 2017 was 18.40.

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. Whole Foods Market's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.13.

Whole Foods Market Inventory Turnover Historical Data

The historical data trend for Whole Foods Market'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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Whole Foods Market Inventory Turnover Chart

Whole Foods Market Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Inventory Turnover

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21.22

21.04

21.40

21.20

20.28

Whole Foods Market Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Inventory Turnover	Get a 7-Day Free Trial															4.63	4.43	6.10	4.64	4.96

Whole Foods Market Inventory Turnover Calculation

Whole Foods Market's Inventory Turnover for the fiscal year that ended in Sep. 2016 is calculated as

	Inventory Turnover (A: Sep. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2016 )	/ (	(Total Inventories (A: Sep. 2015 )	+	Total Inventories (A: Sep. 2016 ))	/	count )
=	10313	/ (	(500	+	517)	/	2 )
=	10313	/	508.5
=	20.28

Whole Foods Market's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

	Inventory Turnover (Q: Jun. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2017 )	/ (	(Total Inventories (Q: Mar. 2017 )	+	Total Inventories (Q: Jun. 2017 ))	/	count )
=	2457	/ (	(508	+	483)	/	2 )
=	2457	/	495.5
=	4.96

Whole Foods Market (NAS:WFM) 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.

Whole Foods Market's Days Inventory for the three months ended in Jun. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2017 )	/	Cost of Goods Sold (Q: Jun. 2017 )	*	Days in Period
	=	495.5	/	2457	*	365 / 4
	=	18.40

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.

Whole Foods Market's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2017 )	/	Revenue (Q: Jun. 2017 )
	=	495.5	/	3725
	=	0.13

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.

Whole Foods Market Inventory Turnover Related Terms

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Whole Foods Market (Whole Foods Market) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Whole Foods Market Inc (NAS:WFM) » Definitions » Inventory Turnover

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Address

Website

http://www.wholefoodsmarket.com

Whole Foods Market is the world's leading retailer of natural and organic foods by units and is the first certified organic grocer in the United States. Whole Foods' only operating segment consists of natural and organic foods supermarkets. As of fiscal 2016, the company had 456 stores in the United States, Canada, and the United Kingdom. The average store size is about 39,000 square feet. About 15% of the company's sales were derived from the sale of private-label products. The company announced a pending acquisition by Amazon in June 2017.

Executives

Scott F Powers	director	STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Sharon Mccollam	director	C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Ken C Hicks	director	150 N. ORANGE GROVE BLVD, PASADENA CA 91103
Mary Ellen Coe	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Gabrielle Sulzberger	director	450 LEXINGTON AVENUE, FLOOR 13, NEW YORK NY 10017
Glenda J Flanagan	officer: Executive Vice President	550 BOWIE STREET, AUSTIN TX 78703
Joseph D Mansueto	director	C/O MORNINGSTAR, INC., 225 WEST WACKER DRIVE, CHICAGO IL 60606
Robb Walter E Iv	director	550 BOWIE STREET, AUSTIN TX 78703
Ralph Z Sorenson	director	WHOLE FOODS MARKET, INC. 550 BOWIE STREET AUSTIN TX 78703
William A Tindell	director	500 FREEPORT PARKWAY, COPPELL TX 75019
Green Equity Investors V, L.p.	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Gei Capital V, Llc	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors Side V, L.p.	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green V Holdings, Llc	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Lgp Management Inc	other: See General Remarks.	11111 SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025