Cintas (BSP:C1TA34) Inventory Turnover : 0.89 (As of Nov. 2024)

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What is Cintas 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. Cintas's Cost of Goods Sold for the three months ended in Nov. 2024 was R$7,448 Mil. Cintas's Average Total Inventories for the quarter that ended in Nov. 2024 was R$8,367 Mil. Cintas's Inventory Turnover for the quarter that ended in Nov. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cintas's Days Inventory for the three months ended in Nov. 2024 was 102.51.

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 Nov. 2024 was 0.56.

Cintas Inventory Turnover Historical Data

The historical data trend for Cintas'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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Cintas Inventory Turnover Chart

Cintas Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Inventory Turnover

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3.91

2.98

3.05

3.20

3.36

Cintas Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.82	0.87	0.89	0.89

Cintas Inventory Turnover Calculation

Cintas's Inventory Turnover for the fiscal year that ended in May. 2024 is calculated as

	Inventory Turnover (A: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2024 )	/ (	(Total Inventories (A: May. 2023 )	+	Total Inventories (A: May. 2024 ))	/	count )
=	25222.71	/ (	(7564.214	+	7450.132)	/	2 )
=	25222.71	/	7507.173
=	3.36

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

	Inventory Turnover (Q: Nov. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2024 )	/ (	(Total Inventories (Q: Aug. 2024 )	+	Total Inventories (Q: Nov. 2024 ))	/	count )
=	7448.452	/ (	(8106.276	+	8628.329)	/	2 )
=	7448.452	/	8367.3025
=	0.89

Cintas (BSP:C1TA34) 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.

Cintas's Days Inventory for the three months ended in Nov. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2024 )	/	Cost of Goods Sold (Q: Nov. 2024 )	*	Days in Period
	=	8367.3025	/	7448.452	*	365 / 4
	=	102.51

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2024 )	/	Revenue (Q: Nov. 2024 )
	=	8367.3025	/	14848.35
	=	0.56

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.

Cintas Inventory Turnover Related Terms

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Cintas Business Description

Industry

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

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CTAS:USA CTAS:Mexico 0HYJ:UK CIT:Germany CTAS:Austria

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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