Smartfit Escola DE Ginastica E Danca (BSP:SMFT14) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Smartfit Escola DE Ginastica E Danca 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. Smartfit Escola DE Ginastica E Danca's Cost of Goods Sold for the three months ended in Mar. 2024 was R$736.57 Mil. Smartfit Escola DE Ginastica E Danca's Average Total Inventories for the quarter that ended in Mar. 2024 was R$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smartfit Escola DE Ginastica E Danca's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Smartfit Escola DE Ginastica E Danca's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Smartfit Escola DE Ginastica E Danca Inventory Turnover Historical Data

The historical data trend for Smartfit Escola DE Ginastica E Danca'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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Smartfit Escola DE Ginastica E Danca Inventory Turnover Chart

Smartfit Escola DE Ginastica E Danca Annual Data

Trend

Dec16

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Dec22

Dec23

Inventory Turnover

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Smartfit Escola DE Ginastica E Danca Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Smartfit Escola DE Ginastica E Danca Inventory Turnover Calculation

Smartfit Escola DE Ginastica E Danca's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2533.854	/ (	(0	+	0)	/	1 )
=	2533.854	/	0
=	N/A

Smartfit Escola DE Ginastica E Danca's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	736.573	/ (	(0	+	0)	/	1 )
=	736.573	/	0
=	N/A

Smartfit Escola DE Ginastica E Danca (BSP:SMFT14) 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.

Smartfit Escola DE Ginastica E Danca's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	736.573	*	365 / 4
	=	0.00

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.

Smartfit Escola DE Ginastica E Danca's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	1259.888
	=	0.00

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.

Smartfit Escola DE Ginastica E Danca Inventory Turnover Related Terms

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Smartfit Escola DE Ginastica E Danca (BSP:SMFT14) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Smartfit Escola DE Ginastica E Danca SA (BSP:SMFT14) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SMFT3:Brazil

Address

Rua Lelio Gama 104 - 38 Floor, 2nd Floor, Rio de Janeiro, RJ, BRA, 20031080

Website

https://www.smartfit.com.br

Smartfit Escola DE Ginastica E Danca SA is a fitness club. The company provides physical conditioning services through gymnasiums, bodybuilding, dancing and swimming. Facilities offered by the company include SmartBox, free weight, gym classes, bicycles, smart bike, fitness equipment, and a running machine, among others. The Company is present in fourteen countries, namely Brazil, Mexico, Colombia, Chile, Peru, Argentina, Paraguay, Panama, Costa Rica, Dominican Republic, Ecuador, Guatemala, El Salvador, and Honduras, operating in the HVLP segment with the brand Smart Fit, in the Premium segment with the brand Bio Ritmo, and in the digital fitness segment.

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