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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. The ODP's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,461 Mil. The ODP's Average Total Inventories for the quarter that ended in Mar. 2024 was $749 Mil. The ODP's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.95.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The ODP's Days Inventory for the three months ended in Mar. 2024 was 46.78.
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. The ODP's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.
The historical data trend for The ODP'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.
The ODP Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 7.07 | 7.11 | 7.44 | 7.88 | 7.61 |
The ODP Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory Turnover | Get a 7-Day Free Trial | 2.01 | 1.83 | 1.90 | 1.82 | 1.95 |
The ODP'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 ) |
= | 6065 | / ( | (828 | + | 765) | / | 2 ) |
= | 6065 | / | 796.5 | ||||
= | 7.61 |
The ODP'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 ) |
= | 1461 | / ( | (765 | + | 733) | / | 2 ) |
= | 1461 | / | 749 | ||||
= | 1.95 |
* 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.
The ODP (NAS:ODP) 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.
The ODP'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 |
= | 749 | / | 1461 | * | 365 / 4 | |
= | 46.78 |
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.
The ODP'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 ) |
= | 749 | / | 1871 | |
= | 0.40 |
* 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.
Thank you for viewing the detailed overview of The ODP's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin Moffitt | officer: SVP, Chief Retail Officer | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Diego Anthony Scaglione | officer: EVP & Chief Financial Officer | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Gerry P Smith | director, officer: Chief Executive Officer | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
John Gannfors | officer: EVP-Transformation & Strategic, other: Sourcing | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Zoe Maloney | officer: EVP, Chief HR Officer | 6600 N MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Max Hood | officer: SVP & Chief Accounting Officer | 6600 NORTH MILITARY TRAIL, BOCA RATON, FL FL 33496 |
Sarah E. Hlavinka | officer: EVP-Chief Legal Officer & Secy | 2111 N MOLTER RD, LIBERTY LAKE WA 99019 |
David C Centrella | officer: EVP - Business Solutions Div | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
N. David Bleisch | officer: EVP-Chief Legal Officer & Secy | C/O THE ADT CORPORATION, 1501 YAMATO ROAD, BOCA RATON FL 33431 |
Stephen M. Mohan | officer: EVP - Business Solutions Div | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Haas Richard A. Jr | officer: SVP & Chief Accounting Officer | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Marcus Dunlop | director | 330 MADISON AVENUE, FLOOR 23, NEW YORK NY 10017 |
Wendy Lee Schoppert | director | 6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442 |
Terry Leeper | officer: EVP, Chief Technology Officer | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Shashank Samant | director | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
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