Tuesday Morning (FRA:TDMA) Inventory Turnover : 0.90 (As of Sep. 2022)

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What is Tuesday Morning 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. Tuesday Morning's Cost of Goods Sold for the three months ended in Sep. 2022 was €123.7 Mil. Tuesday Morning's Average Total Inventories for the quarter that ended in Sep. 2022 was €137.1 Mil. Tuesday Morning's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tuesday Morning's Days Inventory for the three months ended in Sep. 2022 was 101.15.

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. Tuesday Morning's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.86.

Tuesday Morning Inventory Turnover Historical Data

The historical data trend for Tuesday Morning'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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Tuesday Morning Inventory Turnover Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Inventory Turnover

5.13

3.62

4.05

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial								0.80	1.11	0.73	0.83	0.90

Tuesday Morning Inventory Turnover Calculation

Tuesday Morning's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jun. 2021 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	527.856	/ (	(120.412	+	140.445)	/	2 )
=	527.856	/	130.4285
=	4.05

Tuesday Morning's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	123.694	/ (	(140.445	+	133.789)	/	2 )
=	123.694	/	137.117
=	0.90

Tuesday Morning (FRA:TDMA) 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.

Tuesday Morning's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	137.117	/	123.694	*	365 / 4
	=	101.15

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.

Tuesday Morning's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	137.117	/	158.676
	=	0.86

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.

Tuesday Morning Inventory Turnover Related Terms

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Tuesday Morning (FRA:TDMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (FRA:TDMA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

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