Simply Better Brands (FRA:5SS0) Inventory Turnover : 1.35 (As of Sep. 2024)

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What is Simply Better Brands 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. Simply Better Brands's Cost of Goods Sold for the three months ended in Sep. 2024 was €5.98 Mil. Simply Better Brands's Average Total Inventories for the quarter that ended in Sep. 2024 was €4.44 Mil. Simply Better Brands's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Simply Better Brands's Days Inventory for the three months ended in Sep. 2024 was 67.77.

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. Simply Better Brands's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.41.

Simply Better Brands Inventory Turnover Historical Data

The historical data trend for Simply Better Brands'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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Simply Better Brands Inventory Turnover Chart

Simply Better Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.66

4.30

4.29

7.71

6.72

Simply Better Brands Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.00	3.54	2.22	0.93	1.35

Simply Better Brands Inventory Turnover Calculation

Simply Better Brands'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 )
=	30.254	/ (	(3.356	+	5.654)	/	2 )
=	30.254	/	4.505
=	6.72

Simply Better Brands's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	5.983	/ (	(4.776	+	4.111)	/	2 )
=	5.983	/	4.4435
=	1.35

Simply Better Brands (FRA:5SS0) 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.

Simply Better Brands's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4.4435	/	5.983	*	365 / 4
	=	67.77

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.

Simply Better Brands's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4.4435	/	10.93
	=	0.41

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.

Simply Better Brands Inventory Turnover Related Terms

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Simply Better Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Better Brands Corp (FRA:5SS0) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SBBCF:USA SBBC:Canada

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.simplybetterbrands.com

Simply Better Brands Corp is an international omni-channel platform with diversified assets in the plant-based and holistic wellness consumer product categories. The company focuses on innovation in the plant-based, natural, and clean ingredient space. It also focuses on expansion into consumer product categories including CBD products, plant-based food and beverage, and the pet care and skin care industries. It operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.

Simply Better Brands Headlines

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