David Jones (ASX:DJS) Inventory Turnover : 2.60 (As of Jan. 2014)

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What is David Jones 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. David Jones's Cost of Goods Sold for the six months ended in Jan. 2014 was A$619 Mil. David Jones's Average Total Inventories for the quarter that ended in Jan. 2014 was A$238 Mil. David Jones's Inventory Turnover for the quarter that ended in Jan. 2014 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. David Jones's Days Inventory for the six months ended in Jan. 2014 was 70.21.

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. David Jones's Inventory-to-Revenue for the quarter that ended in Jan. 2014 was 0.22.

David Jones Inventory Turnover Historical Data

The historical data trend for David Jones'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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David Jones Inventory Turnover Chart

David Jones Annual Data

Trend

Jul04

Jul05

Jul06

Jul07

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Inventory Turnover

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4.78

4.69

4.18

4.11

4.33

David Jones Semi-Annual Data
	Jul04	Jan05	Jul05	Jan06	Jul06	Jan07	Jul07	Jan08	Jul08	Jan09	Jul09	Jan10	Jul10	Jan11	Jul11	Jan12	Jul12	Jan13	Jul13	Jan14
Inventory Turnover	Get a 7-Day Free Trial															2.31	2.02	2.30	2.12	2.60

David Jones Inventory Turnover Calculation

David Jones's Inventory Turnover for the fiscal year that ended in Jul. 2013 is calculated as

	Inventory Turnover (A: Jul. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2013 )	/ (	(Total Inventories (A: Jul. 2012 )	+	Total Inventories (A: Jul. 2013 ))	/	count )
=	1147.968	/ (	(279.099	+	251.543)	/	2 )
=	1147.968	/	265.321
=	4.33

David Jones's Inventory Turnover for the quarter that ended in Jan. 2014 is calculated as

	Inventory Turnover (Q: Jan. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2014 )	/ (	(Total Inventories (Q: Jul. 2013 )	+	Total Inventories (Q: Jan. 2014 ))	/	count )
=	619.028	/ (	(251.543	+	224.767)	/	2 )
=	619.028	/	238.155
=	2.60

David Jones (ASX:DJS) 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.

David Jones's Days Inventory for the six months ended in Jan. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2014 )	/	Cost of Goods Sold (Q: Jan. 2014 )	*	Days in Period
	=	238.155	/	619.028	*	365 / 2
	=	70.21

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.

David Jones's Inventory to Revenue for the quarter that ended in Jan. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2014 )	/	Revenue (Q: Jan. 2014 )
	=	238.155	/	1059.005
	=	0.22

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.

David Jones Inventory Turnover Related Terms

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David Jones (ASX:DJS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » David Jones Ltd (ASX:DJS) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.davidjones.com.au

David Jones Limited is engaged in the business of department store retailing and providing financial services. It operates in two segments: Department Stores and Financial Services. The company operates department stores and rack stores in New South Wales, Australian Capital Territory, Victoria, Queensland, South Australia, and Western Australia. The company also has a financial services alliance with American Express Australia Limited, which is relating to the assignment of store card and credit reserve receivables, and the launch of a general purpose credit card. Its Services include: Corporate Services, Insurance Card, Gift Registry, Bridal at David Jones, David Jones Celebration Card Statement, Style Advisors, Personal Shopping, Shopping Online, Gift Card, Interior Decorating, Flowers, Food hall, The Rose Clinic, Bra Fitting etc.

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