SIMPQ (Simply) Inventory Turnover: 2.27 (As of Jan. 2022)


SIMPQ Simply Inc SIMPQ
16 GF Score
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What is Simply Inventory Turnover?

Simply SIMPQ 16 Inventory Turnover is 2.27 as of Jan. 2022. GuruFocus rates SIMPQ 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. Simply's Cost of Goods Sold for the three months ended in Jan. 2022 was $18.35 Mil. Simply's Average Total Inventories for the quarter that ended in Jan. 2022 was $8.08 Mil. Simply's Inventory Turnover for the quarter that ended in Jan. 2022 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simply's Days Inventory for the three months ended in Jan. 2022 was 40.18.

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. Simply's Inventory-to-Revenue for the quarter that ended in Jan. 2022 was 0.36.

Simply  (OTCPK:SIMPQ) 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.

Simply's Days Inventory for the three months ended in Jan. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Jan. 2022 )/Cost of Goods Sold (Q: Jan. 2022 )*Days in Period
=8.0795/18.347*365 / 4
=40.18

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.

Simply's Inventory to Revenue for the quarter that ended in Jan. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jan. 2022 ) / Revenue (Q: Jan. 2022 )
=8.0795 / 22.485
=0.36

* 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.

Simply Inventory Turnover Related Terms

Simply Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Simply'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.

Simply Inventory Turnover Chart

Simply Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Jan21 Jan22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.29 7.56 5.54 7.02 8.30

Simply Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 2.20 2.36 2.03 2.27
SIMPQ
16GF Score
Simply Inc SIMPQ
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Simply Inventory Turnover Calculation

Simply's Inventory Turnover for the fiscal year that ended in Jan. 2022 is calculated as

Inventory Turnover (A: Jan. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jan. 2022 ) / ((Total Inventories (A: Jan. 2021 ) + Total Inventories (A: Jan. 2022 )) / count )
=61.588 / ((6.75 + 8.089) / 2 )
=61.588 / 7.4195
=8.30

Simply's Inventory Turnover for the quarter that ended in Jan. 2022 is calculated as

Inventory Turnover (Q: Jan. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jan. 2022 ) / ((Total Inventories (Q: Oct. 2021 ) + Total Inventories (Q: Jan. 2022 )) / count )
=18.347 / ((8.07 + 8.089) / 2 )
=18.347 / 8.0795
=2.27

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.27 mean?
Simply (SIMPQ) has a Inventory Turnover of 2.27 as of Jan. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Simply and its competitors.
Is Simply's Inventory Turnover too high?
Simply's current Inventory Turnover is 2.27. Overall, Simply has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Simply's Inventory Turnover compare to HGGGQ and ORLY?
Simply's Inventory Turnover of 2.27 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 Simply and its competitors. Simply's current Inventory Turnover is 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simply stock overvalued right now?
Simply (SIMPQ) has a current Inventory Turnover of 2.27. The current Inventory Turnover is 2.27. Simply'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 Simply (SIMPQ), the current Inventory Turnover is 2.27 as of Jan. 2022. 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.

Simply Business Description

Address 10801 NW 97th Street, Suite 09, Miami, FL, USA, 33178
Simply Inc through its subsidiary, operates a chain of retail electronics stores and is an authorized reseller of Apple products and other high-profile consumer electronic brands. It operates business in a single segment in the United States through its Simply Mac retail stores.
16GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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