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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. Benson Hill's Cost of Goods Sold for the three months ended in Dec. 2023 was $109.6 Mil. Benson Hill's Average Total Inventories for the quarter that ended in Dec. 2023 was $28.0 Mil. Benson Hill's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.92.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Benson Hill's Days Inventory for the three months ended in Dec. 2023 was 23.28.
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. Benson Hill's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.24.
The historical data trend for Benson Hill'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.
Benson Hill Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Inventory Turnover | - | 4.17 | 3.87 | 7.62 | 10.27 |
Benson Hill Quarterly Data | |||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 1.88 | 2.15 | 2.18 | 2.98 | 3.92 |
Benson Hill'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 ) |
= | 449.71 | / ( | (62.11 | + | 25.5) | / | 2 ) |
= | 449.71 | / | 43.805 | ||||
= | 10.27 |
Benson Hill'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 ) |
= | 109.593 | / ( | (30.419 | + | 25.5) | / | 2 ) |
= | 109.593 | / | 27.9595 | ||||
= | 3.92 |
* 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.
Benson Hill (NYSE:BHIL) 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.
Benson Hill'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 |
= | 27.9595 | / | 109.593 | * | 365 / 4 | |
= | 23.28 |
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.
Benson Hill'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 ) |
= | 27.9595 | / | 116.589 | |
= | 0.24 |
* 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.
Thank you for viewing the detailed overview of Benson Hill's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Bruce Tyler Bennett | officer: President, Ingredients | C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132 |
Richard L Mack | director | 9590 SKY LANE, EDEN PRAIRIE MN 55347 |
Yevgeny Fundler | officer: Chief Legal Officer, other: Corporate Secretary | 1001 NORTH WARSON ROAD, ST. LOUIS MO 63132 |
Jason Bull | officer: Chief Technology Officer | C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132 |
Dean P Freeman | officer: Chief Financial Officer | C/O BENSON HILL, INC.,1001 N WARSON RD, SAINT LOUIS MO 63132 |
Matthew B. Crisp | director, officer: President and CEO | C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132 |
Montgomery Molly | director | 739 MILLER AVENUE, MILL VALLEY CA 94941 |
David J. Lee | director | C/O ZYNGA INC., 699 8TH STREET, SAN FRANCISCO CA 94103 |
Deann L Brunts | director, officer: Chief Financial Officer | C/O B&G FOODS, INC., 4 GATEHALL DRIVE, PARSIPPANY NJ 07054 |
Adrienne Elsner | director | ONE OWENS CORNING PKWY, TOLEDO OH 43659 |
Linda Whitley-taylor | director | C/O BENSON HILL, INC., 1001 NORTH WARSON ROAD, SAINT LOUIS MO 63132 |
Stephan Dolezalek | director | C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132 |
Daniel Jacobi | director | C/O BENSON HILL, INC., 1001 N. WARSON RD., ST. LEWIS MO 63132 |
Michael D. Wilds | officer: CFO and CAO | C/O MAGNETAR CAPITAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201 |
Star Peak Sponsor Ii Llc | 10 percent owner | 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201 |
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