Sleep Country Canada Holdings (TSX:ZZZ) Inventory Turnover : 1.45 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Sleep Country Canada Holdings 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. Sleep Country Canada Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was C$136.8 Mil. Sleep Country Canada Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was C$94.1 Mil. Sleep Country Canada Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sleep Country Canada Holdings's Days Inventory for the three months ended in Mar. 2024 was 62.80.

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. Sleep Country Canada Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Sleep Country Canada Holdings Inventory Turnover Historical Data

The historical data trend for Sleep Country Canada Holdings'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.

Sleep Country Canada Holdings Inventory Turnover Chart

Sleep Country Canada Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

8.15

7.66

7.53

6.18

6.07

Sleep Country Canada Holdings Quarterly Data
	Jun19	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															1.40	1.50	1.70	1.72	1.45

Sleep Country Canada Holdings Inventory Turnover Calculation

Sleep Country Canada Holdings'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 )
=	587.57	/ (	(98.691	+	94.885)	/	2 )
=	587.57	/	96.788
=	6.07

Sleep Country Canada Holdings'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 )
=	136.802	/ (	(94.885	+	93.401)	/	2 )
=	136.802	/	94.143
=	1.45

Sleep Country Canada Holdings (TSX:ZZZ) 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.

Sleep Country Canada Holdings'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
	=	94.143	/	136.802	*	365 / 4
	=	62.80

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.

Sleep Country Canada Holdings'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 )
	=	94.143	/	209.715
	=	0.45

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.

Sleep Country Canada Holdings Inventory Turnover Related Terms

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

Sleep Country Canada Holdings (TSX:ZZZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sleep Country Canada Holdings Inc (TSX:ZZZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SCCAF:USA 1S2:Germany

Address

7920 Airport Road, Brampton, ON, CAN, L6T 4N8

Website

https://www.sleepcountry.ca

Sleep Country Canada Holdings Inc is engaged in the retail of mattresses. It operates in the retail marketplace, offering mattresses and bedding-related products. The company operates in three segments Sleep Country/Dormez-vous, Endy, and Hush. The company sells bedding products such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards under brands like Sealy, Serta, Simmons, Kingsdown, Contour Collection, Tempur-Pedic, iComfort, Sunset Collection, Dormeo Octaspring, and Natura. The company operates only in Canada.

Executives

Craig Depratto	Senior Officer
Lynne Feldman	Senior Officer
Dave Howcroft	Senior Officer
Stewart Schaefer	Senior Officer