Birks Group (Birks Group) Change In Inventory : $-10.4 Mil (TTM As of Sep. 2023)

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What is Birks Group Change In Inventory?

Birks Group's change in inventory for the quarter that ended in Sep. 2023 was $-2.7 Mil. It means Birks Group's inventory increased by $2.7 Mil from Mar. 2023 to Sep. 2023 .

Birks Group's change in inventory for the fiscal year that ended in Mar. 2023 was $-6.9 Mil. It means Birks Group's inventory increased by $6.9 Mil from Mar. 2022 to Mar. 2023 .

Birks Group's Total Inventories for the quarter that ended in Sep. 2023 was $68.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Birks Group's Days Inventory for the quarter that ended in Sep. 2023 was 316.33.

Inventory Turnover measures how fast the company turns over its inventory within a year. Birks Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.58.

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. Birks Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.02.

Birks Group Change In Inventory Historical Data

The historical data trend for Birks Group's Change In Inventory 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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Birks Group Change In Inventory Chart

Birks Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-5.02

-7.42

3.27

14.92

-6.91

Birks Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial															7.31	7.60	0.77	-7.66	-2.71

Birks Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-10.4 Mil.

Birks Group (AMEX:BGI) Change In Inventory Explanation

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

Birks Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	66.292	/	38.246	*	365 / 2
	=	316.33

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

Birks Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	38.246	/	66.292
	=	0.58

3. 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.

Birks Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	66.292	/	64.901
	=	1.02

Birks Group Change In Inventory Related Terms

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Birks Group (Birks Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Birks Group Inc (AMEX:BGI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

2BG:Germany

Address

2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, CAN, H3A 2A5

Website

https://www.birks.com

Birks Group Inc is a part of the leisure industry. The company designs, develops, produces, and retails fine jewelry, timepieces, and gifts. Its operating segment includes Retail and other. The company generates maximum revenue from the Retail segment. Its retail segment consists of retail operations whereby it operates approximately 21 stores in Canada under the Maison Birks brand, one store under the Brinkhaus brand, one store under the Graff brand, and one store under the Patek Phillippe brand. The other segment consists mainly of wholesale business, e-commerce business, and gold exchange business.