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Cocoa Processing Co (XGHA:CPC) Inventory Turnover : 2.13 (As of Sep. 2022)


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What is Cocoa Processing Co 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. Cocoa Processing Co's Cost of Goods Sold for the six months ended in Sep. 2022 was GHS682.6 Mil. Cocoa Processing Co's Average Total Inventories for the quarter that ended in Sep. 2022 was GHS320.4 Mil. Cocoa Processing Co's Inventory Turnover for the quarter that ended in Sep. 2022 was 2.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cocoa Processing Co's Days Inventory for the six months ended in Sep. 2022 was 85.66.

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. Cocoa Processing Co's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.51.

Cocoa Processing Co Inventory Turnover Historical Data

The historical data trend for Cocoa Processing 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.

* Premium members only.

Cocoa Processing Co Inventory Turnover Chart

Cocoa Processing Co Annual Data
Trend Sep10 Sep11 Sep12 Sep13 Sep14 Sep21 Sep22
Inventory Turnover
Get a 7-Day Free Trial 1.63 2.35 1.83 3.07 2.13

Cocoa Processing Co Semi-Annual Data
Sep10 Sep11 Sep12 Sep13 Sep14 Sep21 Sep22
Inventory Turnover Get a 7-Day Free Trial 1.63 2.35 1.83 3.07 2.13

Cocoa Processing Co Inventory Turnover Calculation

Cocoa Processing Co's Inventory Turnover for the fiscal year that ended in Sep. 2022 is calculated as

Inventory Turnover (A: Sep. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Sep. 2022 ) / ((Total Inventories (A: Sep. 2021 ) + Total Inventories (A: Sep. 2022 )) / count )
=682.628 / ((386.079 + 254.724) / 2 )
=682.628 / 320.4015
=2.13

Cocoa Processing Co's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

Inventory Turnover (Q: Sep. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2022 ) / ((Total Inventories (Q: Sep. 2021 ) + Total Inventories (Q: Sep. 2022 )) / count )
=682.628 / ((386.079 + 254.724) / 2 )
=682.628 / 320.4015
=2.13

* 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.

Cocoa Processing Co  (XGHA:CPC) 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.

Cocoa Processing Co's Days Inventory for the six months ended in Sep. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2022 )/Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=320.4015/682.628*365 / 2
=85.66

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.

Cocoa Processing Co's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=320.4015 / 626.794
=0.51

* 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.

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.

Cocoa Processing Co Inventory Turnover Related Terms

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Cocoa Processing Co (XGHA:CPC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cocoa Processing Co Ltd (XGHA:CPC) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Heavy Industrial Area, Private Mail Bag, Tema, GHA
Website
http://www.goldentreeghana.com
Cocoa Processing Co Ltd manufactures chocolates, confectionery and semi-finished cocoa products such as cocoa butter, cocoa liquor, cocoa cake and cocoa powder from premium cocoa beans grown in Ghana.

Cocoa Processing Co (XGHA:CPC) Headlines

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