Ulta Beauty's total inventories for the quarter that ended in Apr. 2026 was €2,040 Mil. Ulta Beauty's average total inventories from the quarter that ended in Jan. 2026 to the quarter that ended in Apr. 2026 was €1,948 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ulta Beauty's Net-Net Working Capital per share for the quarter that ended in Apr. 2026 was €-53.65.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ulta Beauty's Days Inventory for the
three
months ended in Apr. 2026 was 109.65.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ulta Beauty's Inventory Turnover for the quarter that ended in Apr. 2026 was 0.83.
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.
Ulta Beauty's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.72.
Ulta Beauty (FRA:34U) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Ulta Beauty's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2026 is
4. 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.
Ulta Beauty's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Ulta Beauty Total Inventories Related Terms
Ulta Beauty Total Inventories Historical Data
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The historical data trend for Ulta Beauty's Total Inventories 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.
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Ulta Beauty (FRA:34U) has a Total Inventories of €2,040 Mil as of Apr. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Ulta Beauty and its competitors.
Is Ulta Beauty's Total Inventories too high?
Ulta Beauty's current Total Inventories is €2,040 Mil. Overall, Ulta Beauty has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulta Beauty's Total Inventories compare to WSM and DKS?
Ulta Beauty's Total Inventories of €2,040 Mil 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 Total Inventories for a Retail - Cyclical company?
A good Total Inventories depends on the Retail - Cyclical industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Ulta Beauty and its competitors. Ulta Beauty's current Total Inventories is €2,040 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulta Beauty stock overvalued right now?
Based on GuruFocus' analysis, Ulta Beauty (FRA:34U) is currently considered Modestly Undervalued. The stock's GF Value™ is €487.50, compared to a current price of €424.40 — trading 12.9% below its estimated fair value. The current Total Inventories is €2,040 Mil. Ulta Beauty's overall GF Score™ is 96/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current Total Inventories is €2,040 Mil as of Apr. 2026. 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.
Is Ulta Beauty (FRA:34U) Overvalued in 2026?
Based on GuruFocus' analysis, Ulta Beauty stock appears to be undervalued.
The current stock price of €424.40 is trading 12.9% below its estimated GF Value™ of €487.50.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
Total Inventories: €2,040 Mil
GF Value™: €487.50 vs. price of €424.40 (12.9% below fair value)
No single metric tells the full story. See the FRA:34U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ulta Beauty is the largest specialized beauty retailer in the US with more than 1,500 freestanding stores. The firm offers cosmetics (38% of 2025 sales), fragrances (13%), skin care (24%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for 4% of its revenue and drive customer traffic. Outside of the US, Ulta operates premium beauty retailer Space NK (86 stores at year-end 2025 in the UK and Ireland) and has franchised stores in Mexico, and a joint venture in the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
96GF Score
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