Bowl America (Bowl America) Inventory Turnover : 6.67 (As of Mar. 2021)

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What is Bowl America 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. Bowl America's Cost of Goods Sold for the three months ended in Mar. 2021 was $2.84 Mil. Bowl America's Average Total Inventories for the quarter that ended in Mar. 2021 was $0.43 Mil. Bowl America's Inventory Turnover for the quarter that ended in Mar. 2021 was 6.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bowl America's Days Inventory for the three months ended in Mar. 2021 was 13.68.

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. Bowl America's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.12.

Bowl America Inventory Turnover Historical Data

The historical data trend for Bowl America'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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Bowl America Inventory Turnover Chart

Bowl America Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Inventory Turnover

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34.51

34.48

37.01

38.24

30.73

Bowl America Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															9.37	2.68	5.13	6.16	6.67

Bowl America Inventory Turnover Calculation

Bowl America's Inventory Turnover for the fiscal year that ended in Jun. 2020 is calculated as

	Inventory Turnover (A: Jun. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2020 )	/ (	(Total Inventories (A: Jun. 2019 )	+	Total Inventories (A: Jun. 2020 ))	/	count )
=	15.428	/ (	(0.518	+	0.486)	/	2 )
=	15.428	/	0.502
=	30.73

Bowl America's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	2.841	/ (	(0.439	+	0.413)	/	2 )
=	2.841	/	0.426
=	6.67

Bowl America (AMEX:BWL.A) 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.

Bowl America's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	0.426	/	2.841	*	365 / 4
	=	13.68

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.

Bowl America's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	0.426	/	3.589
	=	0.12

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.

Bowl America Inventory Turnover Related Terms

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Bowl America (Bowl America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bowl America Inc (AMEX:BWL.A) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6446 Edsall Road, Alexandria, VA, USA, 22312

Website

http://www.bowl-america.com

Bowl America Inc is engaged in the entertainment business. The firm operates bowling centers, with food and beverage service in each center. Its offerings include bowling parties, cosmic bowling, leagues, and open bowling. In addition, each center sells retail bowling accessories. The company's bowling centers are located in Washington D.C, Baltimore, Maryland, Richmond, Virginia, Jacksonville, and Florida. Its principal source of revenue consists of fees charged for the use of bowling lanes and other facilities.

Executives

Gloria Bragg	director	6446 EDSALL ROAD ALEXANDRIA VA 22312
Merle Fabian	director, 10 percent owner
Nancy Hull	director	C/O BOWL AMERICA INCORPORATED 6446 EDSALL ROAD ALEXANDRIA VA 22312
Arthur H. Bill	director	6844 GLENBROOK ROAD BETHESDA MD 20814
Leslie H Goldberg	director, 10 percent owner, officer: President
Stanley H Katzman	director, 10 percent owner

Bowl America (Bowl America) Headlines

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