Big Lots (LTS:0HN5) Total Inventories : $953 Mil (As of Jan. 2024)

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What is Big Lots Total Inventories?

Big Lots's total inventories for the quarter that ended in Jan. 2024 was $953 Mil. Big Lots's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $1,065 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Big Lots's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-86.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Big Lots's Days Inventory for the three months ended in Jan. 2024 was 109.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Big Lots's Inventory Turnover for the quarter that ended in Jan. 2024 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. Big Lots's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.74.

Big Lots Total Inventories Historical Data

The historical data trend for Big Lots'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.

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Big Lots Total Inventories Chart

Big Lots Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Inventories

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921.27

940.29

1,237.80

1,147.95

953.30

Big Lots Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															1,147.95	1,087.66	983.23	1,177.35	953.30

Big Lots Total Inventories Calculation

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.

Big Lots (LTS:0HN5) 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.

Big Lots's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(46.411	+	0.75 * 0	+	0.5 * 953.302	-	3040.814
-	0	-	0)	/	29.224
=	-86.15

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Big Lots's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1065.324	/	888.041	*	365 / 4
	=	109.47

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Big Lots's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	888.041	/	1065.324
	=	0.83

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.

Big Lots's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1065.324	/	1432.484
	=	0.74

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.

Big Lots Total Inventories Related Terms

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Big Lots (LTS:0HN5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Big Lots Inc (LTS:0HN5) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

BIG:USA 4B3:Germany

Address

4900 East Dublin-Granville Road, Columbus, OH, USA, 43081

Website

https://www.biglots.com

Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.

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