Zumiez (Zumiez) Inventory Turnover

: 1.22 (As of Jan. 2024)

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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. Zumiez's Cost of Goods Sold for the three months ended in Jan. 2024 was $185.2 Mil. Zumiez's Average Total Inventories for the quarter that ended in Jan. 2024 was $152.4 Mil. Zumiez's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zumiez's Days Inventory for the three months ended in Jan. 2024 was 75.08.

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. Zumiez's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.54.

Zumiez Inventory Turnover Historical Data

The historical data trend for Zumiez'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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Zumiez Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

5.05

4.76

5.53

4.81

4.51

Zumiez Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																1.18	0.94	0.87	0.86	1.22

Zumiez Inventory Turnover Calculation

Zumiez'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 )
=	594.596	/ (	(134.824	+	128.827)	/	2 )
=	594.596	/	131.8255
=	4.51

Zumiez'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 )
=	185.171	/ (	(175.882	+	128.827)	/	2 )
=	185.171	/	152.3545
=	1.22

Zumiez (NAS:ZUMZ) 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.

Zumiez'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
	=	152.3545	/	185.171	*	365 / 4
	=	75.08

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.

Zumiez'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 )
	=	152.3545	/	281.822
	=	0.54

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.

Zumiez Inventory Turnover Related Terms

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Zumiez (Zumiez) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zumiez Inc (NAS:ZUMZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ZM3:Germany

Address

4001 204th Street SW, Lynnwood, WA, USA, 98036

Website

https://www.zumiez.com

Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hardgoods. The company provides merchandise with cultural elements coming from fashion, music, art and from action sports, streetwear, and other unique lifestyles. The company operates under the brands Zumiez and Blue Tomato, and through both physical stores and websites. Most of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.

Executives

Guy Matthew Harkless	director	4001 204TH STREET SW, LYNNWOOD WA 98036
James P. Murphy	director	999 LAKE DRIVE, ISSAQUAH WA 98027
Adam Christopher Ellis	officer: President International	4001 204TH STREET SW, LYNNWOOD WA 98036
Richard Miles Brooks	officer: President and CEO	6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Troy R. Brown	officer: Ex. V.P. of E-commerce	4001 204TH STREET SW, LYNNWOOD WA 98036
Carmen Bauza	director	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Chris K. Visser	officer: General Counsel & Corp. Sec.	4001 204TH STREET SW, LYNNWOOD WA 98036
Holmes Kalen	director	2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Thomas D Campion	director, officer: Chairman of Board of Directors	6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203
Work Christopher Codington	officer: Chief Financial Officer	4001 204TH STREET SW, LYNNWOOD WA 98036
Sarah Gaines Mccoy	director	6300 MERRILL CREEK PARKWAY, SUITE B, EVERETT WA 98203-5862
Scott Andrew Bailey	director	4001 204TH STREET SW, LYNNWOOD WA 98036
Matthew L Hyde	director	C/O REI, 6750 SOUTH 228TH ST., KENT WA 98032
Ernest R Johnson	director
Steve Louden	director	C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032