Pet Valu Holdings (TSX:PET) Inventory Turnover : 1.38 (As of Mar. 2024)

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What is Pet Valu 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. Pet Valu Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was C$173 Mil. Pet Valu Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was C$126 Mil. Pet Valu Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pet Valu Holdings's Days Inventory for the three months ended in Mar. 2024 was 66.25.

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. Pet Valu Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Pet Valu Holdings Inventory Turnover Historical Data

The historical data trend for Pet Valu 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.

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Pet Valu Holdings Inventory Turnover Chart

Pet Valu Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.14

5.59

5.76

5.71

5.74

Pet Valu Holdings Quarterly Data
	Dec18	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														1.26	1.21	1.32	1.47	1.38

Pet Valu Holdings Inventory Turnover Calculation

Pet Valu 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 )
=	690.73	/ (	(118.41	+	122.069)	/	2 )
=	690.73	/	120.2395
=	5.74

Pet Valu 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 )
=	173.435	/ (	(122.069	+	129.776)	/	2 )
=	173.435	/	125.9225
=	1.38

Pet Valu Holdings (TSX:PET) 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.

Pet Valu 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
	=	125.9225	/	173.435	*	365 / 4
	=	66.25

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.

Pet Valu 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 )
	=	125.9225	/	260.786
	=	0.48

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.

Pet Valu Holdings Inventory Turnover Related Terms

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Pet Valu Holdings (TSX:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Pet Valu Holdings Ltd (TSX:PET) » Definitions » Inventory Turnover

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PTVLF:USA

Address

130 Royal Crest Court, Markham, ON, CAN, L3R0A1

Website

https://www.petvalu.com

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.

Executives