CNVAF (Cnova NV) Inventory Turnover : 2.95 (As of Jun. 2024)

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What is Cnova NV 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. Cnova NV's Cost of Goods Sold for the six months ended in Jun. 2024 was $321 Mil. Cnova NV's Average Total Inventories for the quarter that ended in Jun. 2024 was $109 Mil. Cnova NV's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cnova NV's Days Inventory for the six months ended in Jun. 2024 was 61.86.

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. Cnova NV's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.

Cnova NV Inventory Turnover Historical Data

The historical data trend for Cnova NV'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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Cnova NV Inventory Turnover Chart

Cnova NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.21

6.00

5.55

5.39

6.89

Cnova NV Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.51	3.24	3.21	4.04	2.95

Cnova NV Inventory Turnover Calculation

Cnova NV'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 )
=	910.078	/ (	(154.557	+	109.644)	/	2 )
=	910.078	/	132.1005
=	6.89

Cnova NV's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	321.347	/ (	(109.644	+	108.193)	/	2 )
=	321.347	/	108.9185
=	2.95

Cnova NV (OTCPK:CNVAF) 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.

Cnova NV's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	108.9185	/	321.347	*	365 / 2
	=	61.86

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.

Cnova NV's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	108.9185	/	506.991
	=	0.21

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.

Cnova NV Inventory Turnover Related Terms

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Cnova NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cnova NV (OTCPK:CNVAF) » Definitions » Inventory Turnover

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CNV:France

Address

Strawinskylaan 3051, Amsterdam, NLD, 1077 ZX

Website

https://www.cnova.com

Cnova NV is an eCommerce company. It provides its customers with the value proposition through a low-cost business model that allows offering attractive pricing, an extensive product assortment and differentiated delivery and payment solutions. It offers approximately 10 million active customers access to a wide and growing assortment of more than approximately 90 million product offerings through a combination of its direct sales and sales by third-party vendors. Its product offerings categories in terms of GMV are home appliances, consumer electronics, computers, home furnishings, leisure and personal goods.

Cnova NV Headlines

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