Cracker Barrel Old Country Store (FRA:OLD) Inventory Turnover : 3.21 (As of Apr. 2024)

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What is Cracker Barrel Old Country Store 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. Cracker Barrel Old Country Store's Cost of Goods Sold for the three months ended in Apr. 2024 was €516 Mil. Cracker Barrel Old Country Store's Average Total Inventories for the quarter that ended in Apr. 2024 was €161 Mil. Cracker Barrel Old Country Store's Inventory Turnover for the quarter that ended in Apr. 2024 was 3.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cracker Barrel Old Country Store's Days Inventory for the three months ended in Apr. 2024 was 28.45.

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. Cracker Barrel Old Country Store's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.21.

Cracker Barrel Old Country Store Inventory Turnover Historical Data

The historical data trend for Cracker Barrel Old Country Store'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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Cracker Barrel Old Country Store Inventory Turnover Chart

Cracker Barrel Old Country Store Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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13.18

11.44

13.14

13.24

11.09

Cracker Barrel Old Country Store Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Inventory Turnover	Get a 7-Day Free Trial															2.98	2.99	2.89	3.30	3.21

Cracker Barrel Old Country Store Inventory Turnover Calculation

Cracker Barrel Old Country Store's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	2112.002	/ (	(209.624	+	171.185)	/	2 )
=	2112.002	/	190.4045
=	11.09

Cracker Barrel Old Country Store's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	516.199	/ (	(158.54	+	163.359)	/	2 )
=	516.199	/	160.9495
=	3.21

Cracker Barrel Old Country Store (FRA:OLD) 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.

Cracker Barrel Old Country Store's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	160.9495	/	516.199	*	365 / 4
	=	28.45

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.

Cracker Barrel Old Country Store's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	160.9495	/	761.57
	=	0.21

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.

Cracker Barrel Old Country Store Inventory Turnover Related Terms

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Cracker Barrel Old Country Store (FRA:OLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cracker Barrel Old Country Store Inc (FRA:OLD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CBRL:USA OLD:Germany

Address

305 Hartmann Drive, Lebanon, TN, USA, 37087-4779

Website

https://www.crackerbarrel.com

Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. Its restaurants are open for breakfast, lunch, and dinner, with menus that offer home-style country food. Cracker Barrel's biggest input costs are beef, dairy, fruits and vegetables, pork, and poultry. The company purchases its food products from a few different vendors on a cost-plus basis. All restaurants are located in freestanding buildings and include gift shops, which contribute roughly one fourth of total company revenue. Apparel and accessories are the company's biggest revenue generators in the retail segment of the business.

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