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. Seneca Foods's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $390 Mil. Seneca Foods's Average Total Inventories for the quarter that ended in Dec. 2023 was $991 Mil.
Seneca Foods's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.39.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Seneca Foods's Days Inventory for the
three
months ended in Dec. 2023 was 231.64.
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.
Seneca Foods's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.23.
Seneca Foods Inventory Turnover Historical Data
The historical data trend for Seneca 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.
* 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.
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.
Seneca Foods's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
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.
Seneca Foods's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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.
Seneca Foods Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Seneca Foods's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. The company's segment includes fruits and vegetables, prepared food products, and snack products. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.
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