Cintas (BSP:C1TA34) Change In Inventory : R$501 Mil (TTM As of Aug. 2024)

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What is Cintas Change In Inventory?

Cintas's change in inventory for the quarter that ended in Aug. 2024 was R$63 Mil. It means Cintas's inventory declined by R$63 Mil from May. 2024 to Aug. 2024 .

Cintas's change in inventory for the fiscal year that ended in May. 2024 was R$492 Mil. It means Cintas's inventory declined by R$492 Mil from May. 2023 to May. 2024 .

Cintas's Total Inventories for the quarter that ended in Aug. 2024 was R$8,106 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cintas's Days Inventory for the quarter that ended in Aug. 2024 was 102.32.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cintas's Inventory Turnover for the quarter that ended in Aug. 2024 was 0.89.

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. Cintas's Inventory-to-Revenue for the quarter that ended in Aug. 2024 was 0.56.

Cintas Change In Inventory Historical Data

The historical data trend for Cintas's Change In Inventory 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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Cintas Change In Inventory Chart

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Change In Inventory

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-421.68

-399.04

80.35

-177.62

491.93

Cintas Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Change In Inventory	Get a 7-Day Free Trial															41.86	115.36	117.78	205.12	62.83

Cintas Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$501 Mil.

Cintas (BSP:C1TA34) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cintas's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7778.204	/	6936.605	*	365 / 4
	=	102.32

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cintas's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6936.605	/	7778.204
	=	0.89

3. 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.

Cintas's Inventory to Revenue for the quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7778.204	/	13888.061
	=	0.56

Cintas Change In Inventory Related Terms

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Cintas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cintas Corp (BSP:C1TA34) » Definitions » Change In Inventory

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Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas has roots tracing back to 1929, during which the Farmer family cleaned and re-sold dirty rags to manufacturing plants in Ohio. The firm has grown its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. In the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid, fire, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

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