Organizacion SorianaB de CV (Organizacion SorianaB de CV) Inventory Turnover : 1.02 (As of Jun. 2023)

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What is Organizacion SorianaB de CV 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. Organizacion SorianaB de CV's Cost of Goods Sold for the three months ended in Jun. 2023 was $2,022 Mil. Organizacion SorianaB de CV's Average Total Inventories for the quarter that ended in Jun. 2023 was $1,986 Mil. Organizacion SorianaB de CV's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Organizacion SorianaB de CV's Days Inventory for the three months ended in Jun. 2023 was 89.60.

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. Organizacion SorianaB de CV's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.77.

Organizacion SorianaB de CV Inventory Turnover Historical Data

The historical data trend for Organizacion SorianaB de CV'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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Organizacion SorianaB de CV Inventory Turnover Chart

Organizacion SorianaB de CV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.32

3.88

3.87

4.25

4.56

Organizacion SorianaB de CV Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															1.07	1.05	1.18	1.02	1.02

Organizacion SorianaB de CV Inventory Turnover Calculation

Organizacion SorianaB de CV's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	6633.669	/ (	(1387.589	+	1522.62)	/	2 )
=	6633.669	/	1455.1045
=	4.56

Organizacion SorianaB de CV'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	2022.094	/ (	(1749.729	+	2221.549)	/	2 )
=	2022.094	/	1985.639
=	1.02

Organizacion SorianaB de CV (OTCPK:ONZBF) 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.

Organizacion SorianaB de CV's Days Inventory for the three 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
	=	1985.639	/	2022.094	*	365 / 4
	=	89.60

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.

Organizacion SorianaB de CV'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 )
	=	1985.639	/	2588.336
	=	0.77

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.

Organizacion SorianaB de CV Inventory Turnover Related Terms

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Organizacion SorianaB de CV (Organizacion SorianaB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Organizacion Soriana SAB de CV (OTCPK:ONZBF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SORIANAB:Mexico

Address

Alejandro De rodas 3102-A, Cumbres 8° Sector, Monterrey, MEX, 64610

Website

https://www.soriana.com.mx

Organizacion Soriana SAB de CV is a Mexican company with a multiformat strategy. Soriana offers a diverse range of products: food, clothing, healthcare, and basic services. The company operates self-service stores, warehouse clubs, and convenience stores. Store formats are diverse, from hypermarkets with 7,000-square-metre average sales floor area, as with Soriana Hiper; to stores offering low prices on basic commodities, as with Soriano Mercado; to stores offering high-quality products, as with Soriana Super.