Flanigan'S Enterprises (Flanigan'S Enterprises) Inventory Turnover : 4.88 (As of Dec. 2023)

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What is Flanigan'S Enterprises 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. Flanigan'S Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $36.3 Mil. Flanigan'S Enterprises's Average Total Inventories for the quarter that ended in Dec. 2023 was $7.4 Mil. Flanigan'S Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flanigan'S Enterprises's Days Inventory for the three months ended in Dec. 2023 was 18.72.

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. Flanigan'S Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Flanigan'S Enterprises Inventory Turnover Historical Data

The historical data trend for Flanigan'S Enterprises'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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Flanigan'S Enterprises Inventory Turnover Chart

Flanigan'S Enterprises Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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27.34

26.07

23.44

21.58

19.80

Flanigan'S Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.10	5.10	5.07	4.74	4.88

Flanigan'S Enterprises Inventory Turnover Calculation

Flanigan'S Enterprises's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	135.471	/ (	(6.489	+	7.198)	/	2 )
=	135.471	/	6.8435
=	19.80

Flanigan'S Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	36.26	/ (	(7.198	+	7.677)	/	2 )
=	36.26	/	7.4375
=	4.88

Flanigan'S Enterprises (AMEX:BDL) 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.

Flanigan'S Enterprises's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7.4375	/	36.26	*	365 / 4
	=	18.72

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.

Flanigan'S Enterprises's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.4375	/	44.838
	=	0.17

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.

Flanigan'S Enterprises Inventory Turnover Related Terms

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Flanigan'S Enterprises (Flanigan'S Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Flanigan'S Enterprises Inc (AMEX:BDL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0DY:Germany

Address

5059 N.E. 18th Avenue, Fort Lauderdale, FL, USA, 33334

Website

https://www.flanigans.net

Flanigan'S Enterprises Inc operates as a chain of small cocktail lounges and packages liquor stores throughout South Florida. Its menu consists of a wide variety of options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. The business activity is principally conducted in two segments namely Restaurant and Package liquor store segment. Its Restaurant segment offers alcoholic beverages and full food service and Package stores consist of retail liquor sales and related items. The company generates maximum revenue from Restaurant segment.

Executives

E. Mary Bennett	director	2168 CENTERVIEW CT N, CLEARWATER FL 33759
Christopher Barry Oneil	director	4101 NE 26TH AVENUE, LIGHTHOUSE POINT FL 33064
August Bucci	director, officer: Chief Operating Officer	13078 NORTHWEST 23RD ST, PEMBROKE PINES FL 33028
James Ii Flanigan	director, officer: President	5059 NORTHEAST 18TH AVE, FORT LAUDERDALE FL 33334
Jeffrey D Kastner	director, officer: CFO & Secretary	5059 N.E. 18TH AVENUE, FORT LAUDERDALE FL 33334
Christopher Jeff Nelms	director	724 SE 17TH TERRACE, DEERFIELD BEACH FL 33441
Michael B Flanigan	director	601 OVERLOOK DRIVE, STUART FL 34994
Barbara J Kronk	director	9990 N.W. 39TH STREET, HOLLYWOOD FL 33024
Jean Picard	officer: VP of Package Operations	8351 NORTHWEST 166TH TERRACE, MIAMI FL 33016
Patrick J Flanigan	director	1750 NORTHWEST RIVER TRAIL, STUART FL 34994
Joseph G Flanigan	director, officer: Chariman & CEO	6 GATEHOUSE ROAD, SEA RANCH LAKES FL 33308