Rogers Sugar (Rogers Sugar) Inventory Turnover : 0.97 (As of Dec. 2023)

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What is Rogers Sugar 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. Rogers Sugar's Cost of Goods Sold for the three months ended in Dec. 2023 was $181.9 Mil. Rogers Sugar's Average Total Inventories for the quarter that ended in Dec. 2023 was $188.0 Mil. Rogers Sugar's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rogers Sugar's Days Inventory for the three months ended in Dec. 2023 was 94.29.

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. Rogers Sugar's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Rogers Sugar Inventory Turnover Historical Data

The historical data trend for Rogers Sugar'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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Rogers Sugar Inventory Turnover Chart

Rogers Sugar Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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3.69

4.05

4.27

4.01

3.63

Rogers Sugar 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															0.88	0.95	0.82	0.92	0.97

Rogers Sugar Inventory Turnover Calculation

Rogers Sugar'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 )
=	693.952	/ (	(184.951	+	197.523)	/	2 )
=	693.952	/	191.237
=	3.63

Rogers Sugar'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 )
=	181.913	/ (	(197.523	+	178.406)	/	2 )
=	181.913	/	187.9645
=	0.97

Rogers Sugar (OTCPK:RSGUF) 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.

Rogers Sugar'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
	=	187.9645	/	181.913	*	365 / 4
	=	94.29

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.

Rogers Sugar'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 )
	=	187.9645	/	215.19
	=	0.87

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.

Rogers Sugar Inventory Turnover Related Terms

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Rogers Sugar (Rogers Sugar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rogers Sugar Inc (OTCPK:RSGUF) » Definitions » Inventory Turnover

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16R:Germany RSI:Canada

Address

123 Rogers Street, Vancouver, BC, CAN, V6B 3V2

Website

https://www.lanticrogers.com

Rogers Sugar Inc is a Canada-based sugar-producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include Brown sugar, Yellow sugar, Icing sugar and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.