Sow Good (Sow Good) Inventory Turnover : 1.93 (As of Dec. 2023)

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What is Sow Good 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. Sow Good's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.14 Mil. Sow Good's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.18 Mil. Sow Good's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sow Good's Days Inventory for the three months ended in Dec. 2023 was 47.27.

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. Sow Good's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Sow Good Inventory Turnover Historical Data

The historical data trend for Sow Good'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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Sow Good Inventory Turnover Chart

Sow Good Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.10

0.19

3.73

Sow Good Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.02	0.04	1.74	1.72	1.93

Sow Good Inventory Turnover Calculation

Sow Good's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	11.189	/ (	(1.875	+	4.123)	/	2 )
=	11.189	/	2.999
=	3.73

Sow Good'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 )
=	6.142	/ (	(2.241	+	4.123)	/	2 )
=	6.142	/	3.182
=	1.93

Sow Good (OTCPK:SOWG) 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.

Sow Good'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
	=	3.182	/	6.142	*	365 / 4
	=	47.27

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.

Sow Good'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 )
	=	3.182	/	9.522
	=	0.33

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.

Sow Good Inventory Turnover Related Terms

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Sow Good (Sow Good) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sow Good Inc (OTCPK:SOWG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1440 N Union Bower Road, Irving, TX, USA, 75061

Website

https://www.thisissowgood.com

Sow Good Inc is engaged in manufacturing and marketing freeze-dried snacks, smoothies, and soups.

Executives

Joe Mueller	director	6927 ALTAMONTE DRIVE, ROGERS AR 72758
Ira Goldfarb	director, 10 percent owner, officer: Executive Chairman (1)	1918 N. OLIVE ST, DALLAS TX 75201
Brad Berman	director, 10 percent owner	C/O LAKES ENTERTAINMENT, INC., 130 CHESHIRE LANE, MINNETONKA MN 55305
Claudia Goldfarb	director, 10 percent owner, officer: Chief Executive Officer (2)	1918 N. OLIVE STREET, APT. 3302, DALLAS TX 75201
Lyle Berman	director, 10 percent owner	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Timothy James Creed	director	3418 GOLF CLUB LN., NASHVILLE TN 37215
Brad Burke	officer: Interim CFO	4049 PURDUE AVE, DALLAS TX 77225
Chris Ludeman	director	6154 PARK LANE, DALLAS TX 75225
Greg Creed	director	1441 GARDINER LANE, LOUISVILLE KY 40213
S-fdf, Llc	10 percent owner	1440 N. UNION BOWER RD., IRVIN TX 75061
Benjamin S Oehler	director	10275 WAYZATA BLVD. SUITE 100, MINNETONKA MN 55305
Joseph J Lahti	director	2975 SOMERSET LANE, LONG LAKE MN 55356
Kenneth Decubellis	officer: Chief Executive Officer	10275 WAYZATA BOULEVARD, SUITE 310, MINNETONKA MN 55305
Neil I Sell	10 percent owner	3300 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Michael Eisele	officer: Chief Operating Officer	10275 WAYZATA BOULEVARD, MINNETONKA MN 55305