Days Inventory is also known as Days Sales of Inventory (DSI). Ross Stores's Average Total Inventories for the
three
months ended in Jan. 2024 was $2,403 Mil. Ross Stores's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $4,375 Mil.
Hence, Ross Stores's Days Inventory for the
three
months ended in Jan. 2024 was 50.12.
The historical rank and industry rank for Ross Stores's Days Inventory or its related term are showing as below:
ROST'
s Days Inventory Range Over the Past 10 Years
Min: 50.2 Med: 57.53 Max: 61.98
Current: 56.08
During the past 13 years, Ross Stores's highest Days Inventory was 61.98. The lowest was 50.20. And the median was 57.53.
ROST's Days Inventory is ranked better than 76.31% of 1068
companies
in the Retail - Cyclical industry
Industry Median: 110.545
vs ROST: 56.08
Ross Stores's Days Inventory
declined
from Jan. 2023 (52.50) to Jan. 2024 (50.12).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ross Stores's Inventory Turnover for the
three
months ended in Jan. 2024 was 1.82.
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.
Ross Stores's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 0.40.
Ross Stores Days Inventory Historical Data
The historical data trend for Ross Stores's Days Inventory 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.
Competitive Comparison of Ross Stores's Days Inventory
For the Apparel Retail subindustry, Ross Stores's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ross Stores Days Inventory Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ross Stores's Days Inventory falls into.
Ross Stores Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ross Stores's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Ross Stores (NAS:ROST) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ross Stores's Inventory Turnover for the
three
months ended in Jan. 2024 is calculated as
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.
Ross Stores's Inventory to Revenue for the
three
months ended in Jan. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ross Stores Days Inventory Related Terms
Thank you for viewing the detailed overview of Ross Stores's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
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