Panera Bread Co (Panera Bread Co) Inventory Turnover : 24.66 (As of Mar. 2017)

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What is Panera Bread Co 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. Panera Bread Co's Cost of Goods Sold for the three months ended in Mar. 2017 was $565 Mil. Panera Bread Co's Average Total Inventories for the quarter that ended in Mar. 2017 was $23 Mil. Panera Bread Co's Inventory Turnover for the quarter that ended in Mar. 2017 was 24.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Panera Bread Co's Days Inventory for the three months ended in Mar. 2017 was 3.70.

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. Panera Bread Co's Inventory-to-Revenue for the quarter that ended in Mar. 2017 was 0.03.

Panera Bread Co Inventory Turnover Historical Data

The historical data trend for Panera Bread Co'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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Panera Bread Co Inventory Turnover Chart

Panera Bread Co Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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88.75

88.28

88.64

94.30

95.35

Panera Bread Co Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Inventory Turnover	Get a 7-Day Free Trial															24.54	25.45	24.96	24.65	24.66

Panera Bread Co Inventory Turnover Calculation

Panera Bread Co's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	2205.4	/ (	(22.482	+	23.775)	/	2 )
=	2205.4	/	23.1285
=	95.35

Panera Bread Co's Inventory Turnover for the quarter that ended in Mar. 2017 is calculated as

	Inventory Turnover (Q: Mar. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2017 )	/ (	(Total Inventories (Q: Dec. 2016 )	+	Total Inventories (Q: Mar. 2017 ))	/	count )
=	564.964	/ (	(23.775	+	22.045)	/	2 )
=	564.964	/	22.91
=	24.66

Panera Bread Co (NAS:PNRA) 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.

Panera Bread Co's Days Inventory for the three months ended in Mar. 2017 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2017 )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
	=	22.91	/	564.964	*	365 / 4
	=	3.70

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.

Panera Bread Co's Inventory to Revenue for the quarter that ended in Mar. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2017 )	/	Revenue (Q: Mar. 2017 )
	=	22.91	/	727.633
	=	0.03

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.

Panera Bread Co Inventory Turnover Related Terms

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Panera Bread Co (Panera Bread Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Panera Bread Co (NAS:PNRA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.panerabread.com

Panera Bread Co Inc owns and franchises bakery cum cafes various locations in the United States and Canada. These cafes are operated under the brand's names Panera Bread, Saint Louis Bread Co., and Paradise Bakery & CafÃ©. Their menu offerings include baked goods, sandwiches, soups, pasta dishes, salads, and cafe beverages. They also provide catering services by the Panera brand that offer breakfast assortments, sandwiches, salads, soups, pasta dishes, drinks, and bakery items. Segments through which business is conducted include company Bakery-Cafe Operations segment, Franchise Operations segment, and Fresh Dough and Other Product Operations segment. Revenues are generated from bakery cum cafe sales, royalties and fees from franchises, and fresh dough and other product sales.

Executives

Diane Hessan	director	2 BATTERY WHARF, #2510, BOSTON MA 02109
James D White	director	C/O CAVA GROUP, INC., 202-400-2920 14 RIDGE SQUARE NW, SUITE 5, WASHINGTON DC 20016
Thomas E Lynch	director	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
Andrew H Madsen	officer: President	520 ZANG ST., UNIT D, BROOMFIELD CO 80021
Louis Dipietro	officer: SVP, General Counsel	35 PARK STREET, NORFOLK MA 02056
Jeffrey W Kip	officer: EVP, Chief Financial Officer	3630 SOUTH GEYER ROAD, SUITE 100, ST LOUIS MO 63127
Patricia Gray	officer: SVP, Chief Legal Officer	C/O AMERICAN SCIENCE AND ENGINEERING INC, 829 MIDDLESEX TURNPIKE, BILLERICA MA 01821
Yanofsky Neal	officer: President	6710 CLAYTON ROAD RICHMOND HEIGHTS MO 63117