Finsbury Food Group (FRA:GYZ) Inventory Turnover : 6.13 (As of Jun. 2023)

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What is Finsbury Food Group 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. Finsbury Food Group's Cost of Goods Sold for the six months ended in Jun. 2023 was €180.8 Mil. Finsbury Food Group's Average Total Inventories for the quarter that ended in Jun. 2023 was €29.5 Mil. Finsbury Food Group's Inventory Turnover for the quarter that ended in Jun. 2023 was 6.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Finsbury Food Group's Days Inventory for the six months ended in Jun. 2023 was 29.78.

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. Finsbury Food Group's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.11.

Finsbury Food Group Inventory Turnover Historical Data

The historical data trend for Finsbury Food Group'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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Finsbury Food Group Inventory Turnover Chart

Finsbury Food Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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15.45

14.27

14.51

12.60

12.44

Finsbury Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															6.91	6.65	5.93	5.23	6.13

Finsbury Food Group Inventory Turnover Calculation

Finsbury Food Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	337.289	/ (	(27.123	+	27.105)	/	2 )
=	337.289	/	27.114
=	12.44

Finsbury Food Group's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	180.807	/ (	(31.912	+	27.105)	/	2 )
=	180.807	/	29.5085
=	6.13

Finsbury Food Group (FRA:GYZ) 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.

Finsbury Food Group's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	29.5085	/	180.807	*	365 / 2
	=	29.78

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.

Finsbury Food Group's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	29.5085	/	259.657
	=	0.11

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.

Finsbury Food Group Inventory Turnover Related Terms

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Finsbury Food Group (FRA:GYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Finsbury Food Group PLC (FRA:GYZ) » Definitions » Inventory Turnover

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Address

Maes-y-coed Road, Cardiff, GBR, CF14 4XR

Website

https://www.finsburyfoods.co.uk

Finsbury Food Group PLC is a United Kingdom-based bakery manufacturer. The company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. Its segments include UK bakery and Overseas. most of its revenue is generated from its UK bakery segment. Geographically the company operates in the United Kingdom; Europe; and Rest of the world and it earns most of its revenue from United Kingdom segment. Finsbury Food offers products like rolls, artisan bread, hot cross buns, muffins and morning pastries for both the retail and foodservice sectors.

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