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. Fortune Brands Innovations's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $666 Mil. Fortune Brands Innovations's Average Total Inventories for the quarter that ended in Dec. 2023 was $956 Mil.
Fortune Brands Innovations's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.70.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fortune Brands Innovations's Days Inventory for the
three
months ended in Dec. 2023 was 130.93.
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.
Fortune Brands Innovations's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.82.
Fortune Brands Innovations Inventory Turnover Historical Data
The historical data trend for Fortune Brands Innovations'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.
* 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.
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.
Fortune Brands Innovations's Days Inventory for the
three
months ended in Dec. 2023 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.
Fortune Brands Innovations's Inventory to Revenue for the quarter that ended in Dec. 2023 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
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.
Fortune Brands Innovations Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Fortune Brands Innovations's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Brands Innovations (Fortune Brands Innovations) Business Description
Fortune Brands Innovations is a leading home and security products company that operates two segments. The company's $2.6 billion plumbing segment, led by the Moen brand, sells faucets, showers, and other plumbing fixtures, and the $2.2 billion outdoors and security segment sells entry doors under the Therma-Tru brand name, Fiberon-branded patio decking, and locks and other security devices under the Master Lock and SentrySafe brand names.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FBIN has been successfully added to your 