Ceres Global Ag (Ceres Global Ag) Inventory Turnover : 2.06 (As of Mar. 2024)

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What is Ceres Global Ag 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. Ceres Global Ag's Cost of Goods Sold for the three months ended in Mar. 2024 was $204.5 Mil. Ceres Global Ag's Average Total Inventories for the quarter that ended in Mar. 2024 was $99.2 Mil. Ceres Global Ag's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ceres Global Ag's Days Inventory for the three months ended in Mar. 2024 was 44.24.

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. Ceres Global Ag's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.47.

Ceres Global Ag Inventory Turnover Historical Data

The historical data trend for Ceres Global Ag'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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Ceres Global Ag Inventory Turnover Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.13

7.10

7.49

11.26

16.32

Ceres Global Ag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.79	2.82	1.78	1.93	2.06

Ceres Global Ag Inventory Turnover Calculation

Ceres Global Ag's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	1013.938	/ (	(66.541	+	57.693)	/	2 )
=	1013.938	/	62.117
=	16.32

Ceres Global Ag's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	204.549	/ (	(115.523	+	82.826)	/	2 )
=	204.549	/	99.1745
=	2.06

Ceres Global Ag (OTCPK:CERGF) 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.

Ceres Global Ag's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	99.1745	/	204.549	*	365 / 4
	=	44.24

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.

Ceres Global Ag's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	99.1745	/	212.319
	=	0.47

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.

Ceres Global Ag Inventory Turnover Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (OTCPK:CERGF) » Definitions » Inventory Turnover

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CRP:Canada

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.