Lojas Quero-Quero (BSP:LJQQ3) Total Inventories : R$480 Mil (As of Mar. 2024)

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What is Lojas Quero-Quero Total Inventories?

Lojas Quero-Quero's total inventories for the quarter that ended in Mar. 2024 was R$480 Mil. Lojas Quero-Quero's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was R$477 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lojas Quero-Quero's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was R$-6.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lojas Quero-Quero's Days Inventory for the three months ended in Mar. 2024 was 114.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lojas Quero-Quero's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

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. Lojas Quero-Quero's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Lojas Quero-Quero Total Inventories Historical Data

The historical data trend for Lojas Quero-Quero's Total Inventories 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 Quero-Quero Total Inventories Chart

Lojas Quero-Quero Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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224.32

318.90

457.98

470.82

474.52

Lojas Quero-Quero Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															473.48	495.62	495.25	474.52	480.44

Lojas Quero-Quero Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Lojas Quero-Quero (BSP:LJQQ3) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Lojas Quero-Quero's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(354.256	+	0.75 * 1115.725	+	0.5 * 480.443	-	2651.817
-	0	-	0)	/	195.073
=	-6.26

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lojas Quero-Quero'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
	=	477.479	/	381.89	*	365 / 4
	=	114.09

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Lojas Quero-Quero's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	381.89	/	477.479
	=	0.80

4. 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 Quero-Quero'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 )
	=	477.479	/	588.33
	=	0.81

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Lojas Quero-Quero Total Inventories Related Terms

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Lojas Quero-Quero (BSP:LJQQ3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lojas Quero-Quero SA (BSP:LJQQ3) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

Avenida General Flores da Cunha, 1943, Vila Cachoeirinha, Cachoeirinha, RS, BRA, 94910-003

Website

https://www.queroquero.com.br

Lojas Quero-Quero SA is engaged providing integrated solutions to customers, with a comprehensive portfolio of construction materials, home appliances and furniture, in order to meet their needs in the household goods and construction segment. It currently has stores distributed in the states of Rio Grande do Sul, Santa Cataria, Parana, Mato Grosso do Sul and Sao Paulo, in addition to three distribution centers. The company has one operating segment with consists of revenues obtained from retail activities, financial services and credit cards on a segregated basis.

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