Fred's (STU:FR1A) Change In Inventory : €50 Mil (TTM As of Apr. 2019)

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What is Fred's Change In Inventory?

Fred's's change in inventory for the quarter that ended in Apr. 2019 was €24 Mil. It means Fred's's inventory declined by €24 Mil from Jan. 2019 to Apr. 2019 .

Fred's's change in inventory for the fiscal year that ended in Jan. 2019 was €15 Mil. It means Fred's's inventory declined by €15 Mil from Jan. 2018 to Jan. 2019 .

Fred's's Total Inventories for the quarter that ended in Apr. 2019 was €197 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fred's's Days Inventory for the quarter that ended in Apr. 2019 was 87.25.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fred's's Inventory Turnover for the quarter that ended in Apr. 2019 was 1.05.

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. Fred's's Inventory-to-Revenue for the quarter that ended in Apr. 2019 was 0.73.

Fred's Change In Inventory Historical Data

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

Fred's Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Change In Inventory

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24.46

-27.95

-10.94

23.55

15.34

Fred's Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Apr20
Change In Inventory	Get a 7-Day Free Trial															24.26	8.74	-6.62	23.64	-

Fred's 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 Apr. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was €50 Mil.

Fred's (STU:FR1A) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	207.946	/	217.473	*	365 / 4
	=	87.25

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

Fred's's Inventory Turnover for the quarter that ended in Apr. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	217.473	/	207.946
	=	1.05

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.

Fred's's Inventory to Revenue for the quarter that ended in Apr. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	207.946	/	283.866
	=	0.73

Fred's Change In Inventory Related Terms

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Fred's (STU:FR1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fred's Inc (STU:FR1A) » Definitions » Change In Inventory

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Address

4300 New Getwell Road, Memphis, TN, USA, 38118

Website

http://www.fredsinc.com

Fred's Inc is a U.S.-based company that is principally engaged in operating retail stores. Most of the company's stores are self-owned stores, with a few franchised stores. The company's sales mix consists of pharmaceuticals, consumables, household goods and softlines, and franchise, with pharmaceuticals contributing a material portion of total revenue. The company owns 100% of the equity stake in Reeves-Sain Drug Store. The company generates revenue from merchandise sales and franchise fee from franchisees. It also sells gift cards. The company conducts operation primarily in the southeast of the United States.

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