Lojas Renner (BSP:LREN3) Inventory Turnover : 0.91 (As of Dec. 2023)

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What is Lojas Renner 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 Renner's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,699 Mil. Lojas Renner's Average Total Inventories for the quarter that ended in Dec. 2023 was R$1,877 Mil. Lojas Renner's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lojas Renner's Days Inventory for the three months ended in Dec. 2023 was 100.82.

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 Renner's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Lojas Renner Inventory Turnover Historical Data

The historical data trend for Lojas Renner'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 Renner Inventory Turnover Chart

Lojas Renner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.36

2.60

2.98

3.10

3.02

Lojas Renner Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.84	0.54	0.69	0.64	0.91

Lojas Renner Inventory Turnover Calculation

Lojas Renner'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 )
=	5427.247	/ (	(1825.431	+	1774.209)	/	2 )
=	5427.247	/	1799.82
=	3.02

Lojas Renner's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1698.708	/ (	(1979.654	+	1774.209)	/	2 )
=	1698.708	/	1876.9315
=	0.91

Lojas Renner (BSP:LREN3) 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 Renner's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1876.9315	/	1698.708	*	365 / 4
	=	100.82

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 Renner's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1876.9315	/	4271.378
	=	0.44

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 Renner Inventory Turnover Related Terms

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Lojas Renner (BSP:LREN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Renner SA (BSP:LREN3) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LRENY:USA

Address

Avenida Joaquim Porto Villanova, 401, Porto Alegre, RS, BRA, 91410-400

Website

https://www.lojasrenner.com.br

Lojas Renner SA is a retailer that operates stores under brand names including Renner, Camicado, and Youcom. Renner and Youcom stores sell clothing, sports articles, accessories, and cosmetics. Camicado sells houseware and home decor products, including appliances, towels and linen, and kitchen products. Lojas retail segment provides the vast majority of the company's revenue. The company also has a financial products segment that offers credit cards to its customers. Nearly all of the company's stores and sales are in Brazil.

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