New Look Vision Group (TSX:BCI) Inventory Turnover : 0.50 (As of Mar. 2021)

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What is New Look Vision Group 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. New Look Vision Group's Cost of Goods Sold for the three months ended in Mar. 2021 was C$19.7 Mil. New Look Vision Group's Average Total Inventories for the quarter that ended in Mar. 2021 was C$39.4 Mil. New Look Vision Group's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Look Vision Group's Days Inventory for the three months ended in Mar. 2021 was 182.18.

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. New Look Vision Group's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.46.

New Look Vision Group Inventory Turnover Historical Data

The historical data trend for New Look Vision Group'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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New Look Vision Group Inventory Turnover Chart

New Look Vision Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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2.80

2.15

2.01

1.70

New Look Vision Group Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															0.41	0.21	0.48	0.48	0.50

New Look Vision Group Inventory Turnover Calculation

New Look Vision Group's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	63.365	/ (	(34.826	+	39.742)	/	2 )
=	63.365	/	37.284
=	1.70

New Look Vision Group's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	19.747	/ (	(39.742	+	39.106)	/	2 )
=	19.747	/	39.424
=	0.50

New Look Vision Group (TSX:BCI) 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.

New Look Vision Group's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	39.424	/	19.747	*	365 / 4
	=	182.18

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.

New Look Vision Group's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	39.424	/	86.583
	=	0.46

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.

New Look Vision Group Inventory Turnover Related Terms

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New Look Vision Group (TSX:BCI) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New Look Vision Group Inc (TSX:BCI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1 Place Ville-Marie, Suite 3670, Montreal, QC, CAN, H3B 3P2

Website

http://www.newlookvision.ca

New Look Vision Group Inc is an operator of retail stores in Canada. Its main business is that of eye care products and services which function under four main banners: New Look Eyewear, Greiche and Scaff, Vogue Optical, and Iris The Visual Group.

New Look Vision Group (TSX:BCI) Headlines

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