Grupo Comercial ChedrauiB de CV (Grupo Comercial ChedrauiB de CV) Inventory Turnover : 2.48 (As of Mar. 2024)

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What is Grupo Comercial ChedrauiB de CV 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. Grupo Comercial ChedrauiB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,996 Mil. Grupo Comercial ChedrauiB de CV's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,208 Mil. Grupo Comercial ChedrauiB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo Comercial ChedrauiB de CV's Days Inventory for the three months ended in Mar. 2024 was 36.80.

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. Grupo Comercial ChedrauiB de CV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

Grupo Comercial ChedrauiB de CV Inventory Turnover Historical Data

The historical data trend for Grupo Comercial ChedrauiB de CV'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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Grupo Comercial ChedrauiB de CV Inventory Turnover Chart

Grupo Comercial ChedrauiB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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8.11

7.86

8.70

9.68

10.51

Grupo Comercial ChedrauiB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.69	2.50	2.57	2.43	2.48

Grupo Comercial ChedrauiB de CV Inventory Turnover Calculation

Grupo Comercial ChedrauiB de CV's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	10259.844	/ (	(872.943	+	1079.169)	/	2 )
=	10259.844	/	976.056
=	10.51

Grupo Comercial ChedrauiB de CV'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2996.202	/ (	(1180.115	+	1236.674)	/	2 )
=	2996.202	/	1208.3945
=	2.48

Grupo Comercial ChedrauiB de CV (OTCPK:GCHEF) 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.

Grupo Comercial ChedrauiB de CV'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
	=	1208.3945	/	2996.202	*	365 / 4
	=	36.80

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.

Grupo Comercial ChedrauiB de CV'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 )
	=	1208.3945	/	3906.971
	=	0.31

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.

Grupo Comercial ChedrauiB de CV Inventory Turnover Related Terms

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Grupo Comercial ChedrauiB de CV (Grupo Comercial ChedrauiB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Grupo Comercial Chedraui SAB de CV (OTCPK:GCHEF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CHDRAUIB:Mexico

Address

Avenida Constituyentes 1150, Colonia Lomas Altas, Mexico, DF, MEX, 11950

Website

http://www.chedraui.com.mx

Grupo Comercial Chedraui SAB de CV is a Spanish company engaged in the operation of hypermarkets in Mexico and supermarkets in the United States, and it also has a real estate division. In Mexico, the company operates through two retail formats: Tiendas Chedraui and Super Chedraui, which represent different sizes and depth of assortment. The retail stores in the U.S. are located in three southwest states: California, Nevada, and Arizona. The real estate division is involved in locating, building, and remodelling the stores, as well as leasing commercial space in shopping malls where there are Chedraui stores.