Ulta Beauty (LTS:0LIB) Inventory Turnover : 1.09 (As of Jan. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Ulta Beauty 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. Ulta Beauty's Cost of Goods Sold for the three months ended in Jan. 2024 was $2,214 Mil. Ulta Beauty's Average Total Inventories for the quarter that ended in Jan. 2024 was $2,032 Mil. Ulta Beauty's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ulta Beauty's Days Inventory for the three months ended in Jan. 2024 was 83.75.

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. Ulta Beauty's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.57.

Ulta Beauty Inventory Turnover Historical Data

The historical data trend for Ulta Beauty'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.

* Premium members only.

Ulta Beauty Inventory Turnover Chart

Ulta Beauty Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

Get a 7-Day Free Trial

3.76

3.41

3.95

3.97

4.08

Ulta Beauty Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.08	0.94	0.86	0.72	1.09

Ulta Beauty Inventory Turnover Calculation

Ulta Beauty'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 )
=	6826.203	/ (	(1603.451	+	1742.136)	/	2 )
=	6826.203	/	1672.7935
=	4.08

Ulta Beauty's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2213.734	/ (	(2321.306	+	1742.136)	/	2 )
=	2213.734	/	2031.721
=	1.09

Ulta Beauty (LTS:0LIB) 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.

Ulta Beauty's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	2031.721	/	2213.734	*	365 / 4
	=	83.75

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.

Ulta Beauty's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2031.721	/	3554.298
	=	0.57

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.

Ulta Beauty Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Ulta Beauty's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Ulta Beauty (LTS:0LIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ulta Beauty Inc (LTS:0LIB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ULTA:USA ULTA:Mexico 34U:Germany U1LT34:Brazil

Address

1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440

Website

https://www.ulta.com

With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

Ulta Beauty (LTS:0LIB) Headlines

No Headlines