Lojas Quero-Quero (BSP:LJQQ3) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is Lojas Quero-Quero 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. Lojas Quero-Quero's Cost of Goods Sold for the three months ended in Mar. 2024 was R$382 Mil. Lojas Quero-Quero's Average Total Inventories for the quarter that ended in Mar. 2024 was R$477 Mil. Lojas Quero-Quero's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lojas Quero-Quero's Days Inventory for the three months ended in Mar. 2024 was 114.09.

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. Lojas Quero-Quero's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Lojas Quero-Quero Inventory Turnover Historical Data

The historical data trend for Lojas Quero-Quero'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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Lojas Quero-Quero Inventory Turnover Chart

Lojas Quero-Quero Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.66

3.50

3.19

3.32

3.33

Lojas Quero-Quero Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.79	0.77	0.81	0.88	0.80

Lojas Quero-Quero Inventory Turnover Calculation

Lojas Quero-Quero's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1572.115	/ (	(470.817	+	474.515)	/	2 )
=	1572.115	/	472.666
=	3.33

Lojas Quero-Quero's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	381.89	/ (	(474.515	+	480.443)	/	2 )
=	381.89	/	477.479
=	0.80

Lojas Quero-Quero (BSP:LJQQ3) 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.

Lojas Quero-Quero's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	477.479	/	381.89	*	365 / 4
	=	114.09

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.

Lojas Quero-Quero's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	477.479	/	588.33
	=	0.81

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.

Lojas Quero-Quero Inventory Turnover Related Terms

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Lojas Quero-Quero (BSP:LJQQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Quero-Quero SA (BSP:LJQQ3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida General Flores da Cunha, 1943, Vila Cachoeirinha, Cachoeirinha, RS, BRA, 94910-003

Website

https://www.queroquero.com.br

Lojas Quero-Quero SA is engaged providing integrated solutions to customers, with a comprehensive portfolio of construction materials, home appliances and furniture, in order to meet their needs in the household goods and construction segment. It currently has stores distributed in the states of Rio Grande do Sul, Santa Cataria, Parana, Mato Grosso do Sul and Sao Paulo, in addition to three distribution centers. The company has one operating segment with consists of revenues obtained from retail activities, financial services and credit cards on a segregated basis.

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