Golden Enterprises (Golden Enterprises) Inventory-to-Revenue : 0.17 (As of May. 2016)

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What is Golden Enterprises Inventory-to-Revenue?

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. Golden Enterprises's Average Total Inventories for the quarter that ended in May. 2016 was $5.8 Mil. Golden Enterprises's Revenue for the three months ended in May. 2016 was $35.0 Mil. Golden Enterprises's Inventory-to-Revenue for the quarter that ended in May. 2016 was 0.17.

Golden Enterprises's Inventory-to-Revenue for the quarter that ended in May. 2016 increased from Feb. 2016 (0.16) to Feb. 2016 (0.17)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Enterprises's Days Inventory for the three months ended in May. 2016 was 29.94.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golden Enterprises's Inventory Turnover for the quarter that ended in May. 2016 was 3.05.

Golden Enterprises Inventory-to-Revenue Historical Data

The historical data trend for Golden Enterprises's Inventory-to-Revenue 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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Golden Enterprises Inventory-to-Revenue Chart

Golden Enterprises Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

Inventory-to-Revenue

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0.04

Golden Enterprises Quarterly Data
	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16
Inventory-to-Revenue	Get a 7-Day Free Trial															0.15	0.16	0.17	0.16	0.17

Competitive Comparison of Golden Enterprises's Inventory-to-Revenue

For the Packaged Foods subindustry, Golden Enterprises's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golden Enterprises's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Enterprises's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Golden Enterprises's Inventory-to-Revenue falls into.

Golden Enterprises Inventory-to-Revenue Calculation

Golden Enterprises's Inventory-to-Revenue for the fiscal year that ended in May. 2016 is calculated as

	Inventory-to-Revenue (A: May. 2016 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: May. 2015 )	+	Total Inventories (A: May. 2016 ))	/	count )	/	Revenue (A: May. 2016 )
=	( (5.242	+	5.735)	/	2 )	/	135.871
=	5.4885					/	135.871
=	0.04

Golden Enterprises's Inventory-to-Revenue for the quarter that ended in May. 2016 is calculated as

	Inventory-to-Revenue (Q: May. 2016 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Feb. 2016 )	+	Total Inventories (Q: May. 2016 ))	/	count )	/	Revenue (Q: May. 2016 )
=	( (5.781	+	5.735)	/	2 )	/	34.954
=	5.758					/	34.954
=	0.16

Golden Enterprises (NAS:GLDC) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Golden Enterprises's Days Inventory for the three months ended in May. 2016 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2016 )	/	Cost of Goods Sold (Q: May. 2016 )	*	Days in Period
	=	5.758	/	17.55	*	365 / 4
	=	29.94

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Golden Enterprises's Inventory Turnover for the quarter that ended in May. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: May. 2016 )	/	Average Total Inventories (Q: May. 2016 )
	=	17.55	/	5.758
	=	3.05

Golden Enterprises Inventory-to-Revenue Related Terms

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Golden Enterprises (Golden Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Enterprises Inc (NAS:GLDC) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.goldenflake.com

Golden Enterprises Inc was originally organized under the laws of the State of Alabama as Magic City Food Products, Inc. on June 11, 1946. On March 11, 1958, it adopted the name Golden Flake, Inc. The Company was reorganized December 31, 1967 as a Delaware corporation without changing any of its assets, liabilities, or business. The Company produces, markets, and distributes snack products in the Southeastern United States since 1923. The Company manufactures and distributes a salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn. It also sells canned dips, pretzels, peanut butter crackers, cheese crackers, dried meat products, and nuts packaged by other manufacturers using the Golden Flake label. The Company purchases raw materials used in manufacturing and processing its snack food products from various sources. The Company also purchases flexible bags or other suitable wrapping material for the storage, shipment, and presentation of the finished product to its customers. It sells its products through its own sales organization and independent distributors to commercial establishments, which sell food products in Alabama, Tennessee, Georgia, Mississippi, Louisiana, Kentucky, and South Carolina as well as parts of Florida, North Carolina, Arkansas, Missouri, Oklahoma, Virginia, Indiana, and Texas. The products are distributed to its customers by either company transportation or commercial carrier out of the Birmingham and Ocala plants. The Company owns central branch warehouses in Birmingham, Montgomery, Midfield, Demopolis, Fort Payne, Muscle Shoals, Huntsville, Phoenix City, Tuscaloosa, Mobile, Dothan, and Oxford, Alabama; Gulfport and Jackson, Mississippi; Knoxville and Memphis, Tennessee; Decatur and Macon, Georgia; Panama City, Tallahassee, and Pensacola, Florida; and New Orleans, Louisiana. It competes with companies, which are engaged in the production and distribution of food products similar to those produced and sold by the Golden Enterprises, Inc. The name "Golden Flake" and its regularly used symbol are federally registered trademarks of the Company. The Company also owns other trademarks such as "The South's Original Potato Chip", a Golden Flake design from 1922, the name "Sweetheat" and certain other trademarks not used on a regular basis.

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