CNVAF (Cnova NV) Inventory Turnover: 3.75 (As of Dec. 2024)

What is Cnova NV Inventory Turnover?

Cnova NV CNVAF 16 Inventory Turnover is 3.75 as of Dec. 2024. GuruFocus rates CNVAF with a GF Score™ of 16/100.

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 Dec. 2024 was $394 Mil. Cnova NV's Average Total Inventories for the quarter that ended in Dec. 2024 was $105 Mil. Cnova NV's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.75.

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 Dec. 2024 was 48.68.

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 Dec. 2024 was 0.18.

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 Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	105.079	/	393.968	*	365 / 2
	=	48.68

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 Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	105.079	/	594.873
	=	0.18

* 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.

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

Cnova NV Inventory Turnover Historical Data

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The historical data trend for Cnova NV's Inventory Turnover can be seen below:

Cnova NV Inventory Turnover Chart

Cnova NV Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.00

5.55

5.39

6.89

6.68

Cnova NV Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															3.24	3.21	4.04	2.95	3.75

16GF Score

Cnova NV CNVAF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Cnova NV Inventory Turnover Calculation

Cnova NV's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	706.568	/ (	(109.644	+	101.965)	/	2 )
=	706.568	/	105.8045
=	6.68

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

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	393.968	/ (	(108.193	+	101.965)	/	2 )
=	393.968	/	105.079
=	3.75

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 3.75 mean?

Cnova NV (CNVAF) has a Inventory Turnover of 3.75 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Cnova NV and its competitors.

Is Cnova NV's Inventory Turnover too high?

Cnova NV's current Inventory Turnover is 3.75. Overall, Cnova NV has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Cnova NV's Inventory Turnover compare to AMZN and BABA?

Cnova NV's Inventory Turnover of 3.75 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Retail - Cyclical company?

A good Inventory Turnover depends on the Retail - Cyclical industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Cnova NV and its competitors. Cnova NV's current Inventory Turnover is 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cnova NV stock overvalued right now?

Cnova NV (CNVAF) has a current Inventory Turnover of 3.75. The current Inventory Turnover is 3.75. Cnova NV's overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Cnova NV (CNVAF), the current Inventory Turnover is 3.75 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cnova NV Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies XPAR:ALVAP XPAR:MLPET XPAR:ALSPT XPAR:SRP XPAR:ALVU AMZN BABA PDD MELI HKSE:03690 SE DASH CPNG JD JSE:NPN EBAY TSE:4689 BOM:543320 CHWY CART

Address 120-126, quai de Bacalan, Bordeaux, FRA, 33067

Website https://www.cnova.com

Cnova NV is an e-commerce company. It provides its customers with a value proposition through a low-cost business model that offers attractive pricing, an extensive product assortment, and differentiated delivery and payment solutions. Its product offering categories are home appliances, consumer electronics, computers, home furnishings, leisure, and personal goods.

16GF Score

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