GCFB (Granite City Food & Brewery) Inventory Turnover: 16.99 (As of Jun. 2017)


What is Granite City Food & Brewery Inventory Turnover?

Granite City Food & Brewery GCFB Inventory Turnover is 16.99 as of Jun. 2017.

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. Granite City Food & Brewery's Cost of Goods Sold for the three months ended in Jun. 2017 was $31.7 Mil. Granite City Food & Brewery's Average Total Inventories for the quarter that ended in Jun. 2017 was $1.9 Mil. Granite City Food & Brewery's Inventory Turnover for the quarter that ended in Jun. 2017 was 16.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Granite City Food & Brewery's Days Inventory for the three months ended in Jun. 2017 was 5.37.

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. Granite City Food & Brewery's Inventory-to-Revenue for the quarter that ended in Jun. 2017 was 0.05.

Granite City Food & Brewery  (OTCPK:GCFB) 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.

Granite City Food & Brewery's Days Inventory for the three months ended in Jun. 2017 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2017 )/Cost of Goods Sold (Q: Jun. 2017 )*Days in Period
=1.865/31.685*365 / 4
=5.37

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.

Granite City Food & Brewery's Inventory to Revenue for the quarter that ended in Jun. 2017 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2017 ) / Revenue (Q: Jun. 2017 )
=1.865 / 36.811
=0.05

* 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.

Granite City Food & Brewery Inventory Turnover Related Terms

Granite City Food & Brewery Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Granite City Food & Brewery'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.

Granite City Food & Brewery Inventory Turnover Chart

Granite City Food & Brewery Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.81 68.38 62.12 62.90 63.38

Granite City Food & Brewery Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.78 16.25 16.62 17.21 16.99

Granite City Food & Brewery Inventory Turnover Calculation

Granite City Food & Brewery's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Inventory Turnover (A: Dec. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2016 ) / ((Total Inventories (A: Dec. 2015 ) + Total Inventories (A: Dec. 2016 )) / count )
=130.049 / ((2.154 + 1.95) / 2 )
=130.049 / 2.052
=63.38

Granite City Food & Brewery's Inventory Turnover for the quarter that ended in Jun. 2017 is calculated as

Inventory Turnover (Q: Jun. 2017 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2017 ) / ((Total Inventories (Q: Mar. 2017 ) + Total Inventories (Q: Jun. 2017 )) / count )
=31.685 / ((1.858 + 1.872) / 2 )
=31.685 / 1.865
=16.99

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 16.99 mean?
Granite City Food & Brewery (GCFB) has a Inventory Turnover of 16.99 as of Jun. 2017. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Granite City Food & Brewery and its competitors.
Is Granite City Food & Brewery's Inventory Turnover too high?
Granite City Food & Brewery's current Inventory Turnover is 16.99.
How does Granite City Food & Brewery's Inventory Turnover compare to BDVB and DBUB?
Granite City Food & Brewery's Inventory Turnover of 16.99 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Restaurants company?
A good Inventory Turnover depends on the Restaurants industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Granite City Food & Brewery and its competitors. Granite City Food & Brewery's current Inventory Turnover is 16.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite City Food & Brewery stock overvalued right now?
Granite City Food & Brewery (GCFB) has a current Inventory Turnover of 16.99. The current Inventory Turnover is 16.99. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Granite City Food & Brewery (GCFB), the current Inventory Turnover is 16.99 as of Jun. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Granite City Food & Brewery Business Description

Address 12701 Whitewater Drive, Suite 290, Minnetonka, MN, USA, 55343
Granite City Food & Brewery Ltd owns and operates a restaurant with an on-site brewery. The company operates two casual dining concepts which include Granite city food and brewery and Cadillac ranch all American bar and grill. The Granite city restaurant theme is upscale casual dining with a wide variety of menu items, which includes handcrafted beers finished on-site. Cadillac Ranch restaurants feature authentic, cuisine in a fun, dynamic environment. Its menu is diverse with offerings ranging from homemade meatloaf to pasta dishes. It has approximately 36 restaurants in over 10 states. In addition, it also operates a centralized beer production facility in Ellsworth, Iowa which facilitates the initial stages of its brewing process.