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Horizon Foods Co (SAU:9564) Inventory-to-Revenue : 0.46 (As of Jun. 2024)


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What is Horizon Foods Co 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. Horizon Foods Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ﷼13.97 Mil. Horizon Foods Co's Revenue for the six months ended in Jun. 2024 was ﷼30.13 Mil. Horizon Foods Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.46.

Horizon Foods Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 increased from Dec. 2023 (0.32) to Dec. 2023 (0.46)

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. Horizon Foods Co's Days Inventory for the six months ended in Jun. 2024 was 123.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horizon Foods Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.48.


Horizon Foods Co Inventory-to-Revenue Historical Data

The historical data trend for Horizon Foods Co'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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Horizon Foods Co Inventory-to-Revenue Chart

Horizon Foods Co Annual Data
Trend Dec22 Dec23
Inventory-to-Revenue
0.20 0.18

Horizon Foods Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Inventory-to-Revenue - 0.42 0.46 0.32 0.46

Competitive Comparison of Horizon Foods Co's Inventory-to-Revenue

For the Packaged Foods subindustry, Horizon Foods Co'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.


Horizon Foods Co's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Horizon Foods Co's Inventory-to-Revenue falls into.



Horizon Foods Co Inventory-to-Revenue Calculation

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.

Horizon Foods Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (13.025 + 7.207) / 2 ) / 55.116
=10.116 / 55.116
=0.18

Horizon Foods Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (Q: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Revenue (Q: Jun. 2024 )
=( (7.207 + 20.734) / 2 ) / 30.125
=13.9705 / 30.125
=0.46

* 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.


Horizon Foods Co  (SAU:9564) Inventory-to-Revenue Explanation

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.

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.

Horizon Foods Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=13.9705/20.721*365 / 2
=123.05

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

Horizon Foods Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=20.721 / 13.9705
=1.48

* 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.


Horizon Foods Co Inventory-to-Revenue Related Terms

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Horizon Foods Co Business Description

Traded in Other Exchanges
N/A
Address
Third Industrial Area Zone G, Dammam, SAU
Horizon Foods Co engages in the production, manufacturing, processing, cutting, packaging, and shaping of meat and poultry, and its main activity is in the manufacture of shawarma molds. Its product offerings comprise meat shawarma, Doner Kabab, and Chicken Shawarma.

Horizon Foods Co Headlines

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