JM Smucker Co (JM Smucker Co) Inventory Turnover

: 1.36 (As of Jan. 2024)

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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. JM Smucker Co's Cost of Goods Sold for the three months ended in Jan. 2024 was $1,406 Mil. JM Smucker Co's Average Total Inventories for the quarter that ended in Jan. 2024 was $1,036 Mil. JM Smucker Co's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JM Smucker Co's Days Inventory for the three months ended in Jan. 2024 was 67.25.

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. JM Smucker Co's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.46.

JM Smucker Co Inventory Turnover Historical Data

The historical data trend for JM Smucker 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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JM Smucker Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

5.58

5.32

5.24

5.17

5.46

JM Smucker Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																1.12	1.28	1.09	1.11	1.36

JM Smucker Co Inventory Turnover Calculation

JM Smucker Co's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	5727.4	/ (	(1089.3	+	1009.8)	/	2 )
=	5727.4	/	1049.55
=	5.46

JM Smucker Co's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1406.1	/ (	(1084.9	+	987.6)	/	2 )
=	1406.1	/	1036.25
=	1.36

JM Smucker Co (NYSE:SJM) 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.

JM Smucker Co's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1036.25	/	1406.1	*	365 / 4
	=	67.25

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.

JM Smucker Co's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1036.25	/	2229.2
	=	0.46

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.

JM Smucker Co Inventory Turnover Related Terms

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JM Smucker Co (JM Smucker Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » JM Smucker Co (NYSE:SJM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JM2:Germany S1JM34:Brazil

Address

One Strawberry Lane, Orrville, OH, USA, 44667-0280

Website

https://www.jmsmucker.com

J.M. Smucker is a packaged food company that primarily sells through the U.S. retail channel (77% of forecast fiscal 2024 revenue), with the remaining share consisting of Hostess, foodservice, and international (primarily Canada). Following the divestiture of several pet foods brands and private-label products that constituted about $1.5 billion of sales, retail coffee is now its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

Executives

Tucker H Marshall	officer: Chief Financial Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Tarang Amin	director	C/O SCHIFF NUTRITION INTERNATIONAL, INC., 2002 SOUTH 5070 WEST, SALT LAKE CITY UT 84104
Amy C Held	officer: Chief Strategy & Int'l Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Mercedes Abramo	director	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Richard K Smucker	director, officer: President	C/ WM WRIGLEY JR CO, 410 N MICHIGAN AVE, CHICAGO IL 60611
Mark T Smucker	officer: Vice President
Jill R Penrose	officer: Chief People & Admin Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
John P Brase	officer: Chief Operating Officer	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Jeannette L Knudsen	officer: Chief Legal & Compliance Offic	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Geoff E Tanner	officer: Chief Marketing & Commercial	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Johnson Jonathan E Iii	director	6322 S 300 S, STE 100, SALT LAKE CITY UT 84121
Nancy Lopez Knight	director	2308 TARA DRIVE, ALBANY GA 31721
Jay L Henderson	director	50 SOUTH LASALLE ST, CHICAGO IL 60603
Dawn C Willoughby	director	1221 BROADWAY, OAKLAND CA 94612
Sandra Pianalto	director	1000 EATON BOULEVARD, CLEVELAND OH 44122