Sao Martinho (BSP:SMTO3) Inventory Turnover : 0.37 (As of Dec. 2023)

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What is Sao Martinho 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. Sao Martinho's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,252 Mil. Sao Martinho's Average Total Inventories for the quarter that ended in Dec. 2023 was R$3,427 Mil. Sao Martinho's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sao Martinho's Days Inventory for the three months ended in Dec. 2023 was 249.69.

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. Sao Martinho's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.15.

Sao Martinho Inventory Turnover Historical Data

The historical data trend for Sao Martinho'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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Sao Martinho Inventory Turnover Chart

Sao Martinho Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.18

2.91

2.47

2.02

2.39

Sao Martinho 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															0.37	0.59	0.39	0.36	0.37

Sao Martinho Inventory Turnover Calculation

Sao Martinho's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	4589.655	/ (	(1983.857	+	1854.686)	/	2 )
=	4589.655	/	1919.2715
=	2.39

Sao Martinho'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 )
=	1252.45	/ (	(3441.402	+	3412.744)	/	2 )
=	1252.45	/	3427.073
=	0.37

Sao Martinho (BSP:SMTO3) 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.

Sao Martinho'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
	=	3427.073	/	1252.45	*	365 / 4
	=	249.69

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.

Sao Martinho'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 )
	=	3427.073	/	1592.401
	=	2.15

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.

Sao Martinho Inventory Turnover Related Terms

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Sao Martinho (BSP:SMTO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sao Martinho SA (BSP:SMTO3) » Definitions » Inventory Turnover

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Address

Fazenda Sao Martinho, Pradopolis, SP, BRA, CEP 14850-000

Website

https://www.saomartinho.com.br

Sao Martinho SA operates the following segments: sugar, ethanol, electricity, real estate ventures, Yeast, and other products. Sales of sugar and ethanol, both of which the company produces with sugar cane, comprise the vast majority of the company's revenue. Sao Martinho produces sugar and ethanol in its four Brazilian mills. The company derives its sugar cane mostly from its own plantations, agricultural partnerships, shareholders, and related companies. Sao Martinho exports most of its sugar, and it sells most of its ethanol domestically.

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