Borges Agricultural & Industrial Nuts (XMAD:BAIN) Inventory Turnover : 1.04 (As of Nov. 2023)

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What is Borges Agricultural & Industrial Nuts 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. Borges Agricultural & Industrial Nuts's Cost of Goods Sold for the six months ended in Nov. 2023 was €45.8 Mil. Borges Agricultural & Industrial Nuts's Average Total Inventories for the quarter that ended in Nov. 2023 was €43.9 Mil. Borges Agricultural & Industrial Nuts's Inventory Turnover for the quarter that ended in Nov. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Borges Agricultural & Industrial Nuts's Days Inventory for the six months ended in Nov. 2023 was 174.69.

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. Borges Agricultural & Industrial Nuts's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.71.

Borges Agricultural & Industrial Nuts Inventory Turnover Historical Data

The historical data trend for Borges Agricultural & Industrial Nuts'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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Borges Agricultural & Industrial Nuts Inventory Turnover Chart

Borges Agricultural & Industrial Nuts Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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3.14

3.06

2.75

2.61

2.39

Borges Agricultural & Industrial Nuts Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Inventory Turnover	Get a 7-Day Free Trial															1.32	1.24	1.32	1.14	1.04

Borges Agricultural & Industrial Nuts Inventory Turnover Calculation

Borges Agricultural & Industrial Nuts's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	106.829	/ (	(44.016	+	45.382)	/	2 )
=	106.829	/	44.699
=	2.39

Borges Agricultural & Industrial Nuts's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	45.832	/ (	(45.382	+	42.359)	/	2 )
=	45.832	/	43.8705
=	1.04

Borges Agricultural & Industrial Nuts (XMAD:BAIN) 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.

Borges Agricultural & Industrial Nuts's Days Inventory for the six months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	43.8705	/	45.832	*	365 / 2
	=	174.69

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.

Borges Agricultural & Industrial Nuts's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	43.8705	/	61.45
	=	0.71

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.

Borges Agricultural & Industrial Nuts Inventory Turnover Related Terms

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Borges Agricultural & Industrial Nuts (XMAD:BAIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borges Agricultural & Industrial Nuts SA (XMAD:BAIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Flix, 29, Reus, ESP, 43205

Website

http://www.agrofruse.com

Borges Agricultural & Industrial Nuts SA grows, produces, processes, packages, sales, and exports dried fruits and nuts. It offers peanuts, almonds, pistachios, walnuts, hazelnuts, cashew nuts, pecans, macadamia nuts, pine nuts and tiger nuts, and others; and dried apricots, dates, prunes, coconut, papaya, pineapple, cranberries and raisins, and others.

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