Smith & Wesson Brands (FRA:SWS) Inventory Turnover : 0.61 (As of Jan. 2024)

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What is Smith & Wesson 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. Smith & Wesson Brands's Cost of Goods Sold for the three months ended in Jan. 2024 was €90.0 Mil. Smith & Wesson Brands's Average Total Inventories for the quarter that ended in Jan. 2024 was €147.8 Mil. Smith & Wesson Brands's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smith & Wesson Brands's Days Inventory for the three months ended in Jan. 2024 was 149.81.

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. Smith & Wesson Brands's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.17.

Smith & Wesson Brands Inventory Turnover Historical Data

The historical data trend for Smith & Wesson 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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Smith & Wesson Brands Inventory Turnover Chart

Smith & Wesson Brands Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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2.20

2.78

6.34

4.72

2.06

Smith & Wesson Brands Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.43	0.55	0.48	0.57	0.61

Smith & Wesson Brands Inventory Turnover Calculation

Smith & Wesson Brands's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	296.131	/ (	(126.547	+	161.532)	/	2 )
=	296.131	/	144.0395
=	2.06

Smith & Wesson Brands's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	90.019	/ (	(154.637	+	140.94)	/	2 )
=	90.019	/	147.7885
=	0.61

Smith & Wesson Brands (FRA:SWS) 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.

Smith & Wesson Brands's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	147.7885	/	90.019	*	365 / 4
	=	149.81

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.

Smith & Wesson Brands's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	147.7885	/	126.21
	=	1.17

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.

Smith & Wesson Brands Inventory Turnover Related Terms

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Smith & Wesson Brands (FRA:SWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Smith & Wesson Brands Inc (FRA:SWS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SWBI:USA

Address

2100 Roosevelt Avenue, Springfield, MA, USA, 01104

Website

https://www.smith-wesson.com

Smith & Wesson Brands Inc is a U.S.-based leader in firearm manufacturing. It operates under one reportable segment: Firearms, which includes firearms distribution and manufacturing services. The company manufactures handguns, long guns, sporting rifles, shooting gear, and suppressor products. The firm's brand portfolio consists of Smith and Wesson, M&P, Thompson/Center Arms, Performance Center, and Gemtech; which are used for defense, law enforcement, hunting, and sporting purposes. The company operates internationally, with the majority of income generated by the U.S. market from its handgun products.

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