TUEMQ (Tuesday Morning) Inventory Turnover: 0.87 (As of Sep. 2022)

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What is Tuesday Morning Inventory Turnover?

Tuesday Morning TUEMQ -99.00% Inventory Turnover is 0.87 as of Sep. 2022.

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 $122.5 Mil. Tuesday Morning's Average Total Inventories for the quarter that ended in Sep. 2022 was $140.5 Mil. Tuesday Morning's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.87.

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 104.66.

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 0.89.

Tuesday Morning  (OTCPK:TUEMQ) 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
=140.463/122.469*365 / 4
=104.66

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 )
=140.463 / 157.105
=0.89

* 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.

Tuesday Morning Inventory Turnover Related Terms

Tuesday Morning Inventory Turnover Historical Data

* Premium members only.

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.

Tuesday Morning Inventory Turnover Chart

Tuesday Morning Annual Data
Trend Jun19 Jun20 Jun21 Jun22
Inventory Turnover
0.00 5.13 3.73 3.80

Tuesday Morning Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 1.09 0.72 0.81 0.87

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 )
=557.988 / ((145.075 + 148.462) / 2 )
=557.988 / 146.7685
=3.80

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 )
=122.469 / ((148.462 + 132.464) / 2 )
=122.469 / 140.463
=0.87

* 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 0.87 mean?
Tuesday Morning (TUEMQ) has a Inventory Turnover of 0.87 as of Sep. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Tuesday Morning and its competitors.
Is Tuesday Morning's Inventory Turnover too high?
Tuesday Morning's current Inventory Turnover is 0.87.
How does Tuesday Morning's Inventory Turnover compare to WMT and COST?
Tuesday Morning's Inventory Turnover of 0.87 can be compared against companies in the Retail - Defensive 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 - Defensive company?
A good Inventory Turnover depends on the Retail - Defensive 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 Tuesday Morning and its competitors. Tuesday Morning's current Inventory Turnover is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tuesday Morning stock overvalued right now?
Tuesday Morning (TUEMQ) has a current Inventory Turnover of 0.87. The current Inventory Turnover is 0.87. 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 Tuesday Morning (TUEMQ), the current Inventory Turnover is 0.87 as of Sep. 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.

Tuesday Morning Business Description

Address 6250 LBJ Freeway, Dallas, TX, USA, 75240
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.