Urban Outfitters (FRA:UOF) Inventory Turnover : 1.41 (As of Apr. 2024)

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What is Urban Outfitters 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. Urban Outfitters's Cost of Goods Sold for the three months ended in Apr. 2024 was €738 Mil. Urban Outfitters's Average Total Inventories for the quarter that ended in Apr. 2024 was €522 Mil. Urban Outfitters's Inventory Turnover for the quarter that ended in Apr. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Urban Outfitters's Days Inventory for the three months ended in Apr. 2024 was 64.55.

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. Urban Outfitters's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.47.

Urban Outfitters Inventory Turnover Historical Data

The historical data trend for Urban Outfitters'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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Urban Outfitters Inventory Turnover Chart

Urban Outfitters Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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7.13

6.17

6.56

5.96

6.01

Urban Outfitters 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															1.25	1.38	1.29	1.63	1.41

Urban Outfitters Inventory Turnover Calculation

Urban Outfitters's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	3155.931	/ (	(545.209	+	505.122)	/	2 )
=	3155.931	/	525.1655
=	6.01

Urban Outfitters'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 )
=	738.467	/ (	(505.122	+	539.619)	/	2 )
=	738.467	/	522.3705
=	1.41

Urban Outfitters (FRA:UOF) 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.

Urban Outfitters'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
	=	522.3705	/	738.467	*	365 / 4
	=	64.55

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.

Urban Outfitters'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 )
	=	522.3705	/	1119.082
	=	0.47

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.

Urban Outfitters Inventory Turnover Related Terms

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Urban Outfitters (FRA:UOF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Urban Outfitters Inc (FRA:UOF) » Definitions » Inventory Turnover

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Address

5000 South Broad Street, Philadelphia, PA, USA, 19112-1495

Website

https://www.urbn.com

Founded in 1970, Philadelphia-based Urban Outfitters is an apparel and home goods retailer that operates about 700 stores and e-commerce in North America (87% of fiscal 2023 sales) and other regions. Its retail nameplates are Urban Outfitters, Free People, FP Movement, and Anthropologie. Retail accounted for 92% of fiscal 2023 revenue, but the firm also sells products through a wholesale operation, owns some restaurants, and operates a clothing rental and resale business called Nuuly. Urban Outfitters primarily markets to young adults and offers products in categories such as apparel (63% of fiscal 2023 sales), home goods (19% of sales), accessories (13% of sales), and more.

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