J&J Snack Foods (J&J Snack Foods) Inventory Turnover

: 1.47 (As of Dec. 2023)

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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. J&J Snack Foods's Cost of Goods Sold for the three months ended in Dec. 2023 was $254 Mil. J&J Snack Foods's Average Total Inventories for the quarter that ended in Dec. 2023 was $172 Mil. J&J Snack Foods's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. J&J Snack Foods's Days Inventory for the three months ended in Dec. 2023 was 61.91.

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. J&J Snack Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

J&J Snack Foods Inventory Turnover Historical Data

The historical data trend for J&J Snack Foods'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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J&J Snack Foods Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

7.30

6.96

7.29

6.66

6.19

J&J Snack Foods Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.43	1.36	1.58	1.71	1.47

J&J Snack Foods Inventory Turnover Calculation

J&J Snack Foods's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	1088.964	/ (	(180.473	+	171.539)	/	2 )
=	1088.964	/	176.006
=	6.19

J&J Snack Foods'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 )
=	253.723	/ (	(171.539	+	172.724)	/	2 )
=	253.723	/	172.1315
=	1.47

J&J Snack Foods (NAS:JJSF) 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.

J&J Snack Foods'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
	=	172.1315	/	253.723	*	365 / 4
	=	61.91

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.

J&J Snack Foods'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 )
	=	172.1315	/	348.308
	=	0.49

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.

J&J Snack Foods Inventory Turnover Related Terms

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J&J Snack Foods (J&J Snack Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » J&J Snack Foods Corp (NAS:JJSF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JJ1:Germany

Address

350 Fellowship Road, Mt. Laurel, NJ, USA, 08054

Website

https://www.jjsnack.com

J&J Snack Foods Corp manufactures, markets, and distributes snack foods and beverages to foodservice and retail supermarket outlets. The company's products include frozen beverages, juice, fruit bars, sorbet, cakes, and cookies that are distributed to various consumers, including restaurants, supermarkets, convenience stores, universities, theaters, and theme parks. The company operates in three business segments: food service, which sells snacks, desserts, and baked goods at the point-of-sale; retail supermarkets, which sells frozen and prepackaged products to supermarkets; and frozen beverages, which sells frozen beverages under brands Icee, Slush puppie, and Parrot ice in the United States, Mexico, and Canada.

Executives

Dan Fachner	officer: President, ICEE	1205 DUPONT CIRCLE, ONTARIO CA 91761-7817
Marjorie Shreiber Roshkoff	director	6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Mary Lou Kehoe	officer: VP, Human Resources	9 GITHENS LANE, LUMBERTON NJ 08048
Stephen Every	officer: COO, The ICEE Co	C/O J & J SNACK FOODS CORP., 6000 CENTRAL HIGHWAY, PENNSAUKEN PA 08109
Robert Cranmer	officer: Senior VP, Operations	3 EAST DICKENS COURT, JACKSON NJ 08527
Mary Meder	director	201 S. 18TH ST #2416, PHILADELPHIA PA 19103
Gerald B Shreiber	director, 10 percent owner, officer: President and CEO	6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Roy Christopher Jackson	director	1040 BRICKYARD LANE, GREENSBORO GA 30642
Michael A Pollner	officer: SVP, General Counsel & Secy.	C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
Robert Joseph Pape	officer: Senior Vice President	6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
2021 Irrevocable Trust For Gerald B. Shreiber	10 percent owner	6000 CENTRAL HIGHWAY, PENNSAUKEN PA 08109
Lynwood Mallard	officer: Senior Vice President and CMO	C/O J & J SNACK FOODS CORP., 6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109
Dennis G Moore	director, officer: Sr. Vice President	6000 CNTRAL HIGHWAY, PENNSAUKEN NJ 08109
Robert M Radano	director, officer: Senior Vice President	6000 CNTRAL HIGHWAY, PENNSAUKEN NJ 08109
Ken Allen Plunk	officer: Senior Vice President and CFO	6000 CENTRAL HIGHWAY, PENNSAUKEN NJ 08109