Grupo Nutresa (Grupo Nutresa) Inventory Turnover : 1.04 (As of Dec. 2023)

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What is Grupo Nutresa 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. Grupo Nutresa's Cost of Goods Sold for the three months ended in Dec. 2023 was $684 Mil. Grupo Nutresa's Average Total Inventories for the quarter that ended in Dec. 2023 was $655 Mil. Grupo Nutresa's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo Nutresa's Days Inventory for the three months ended in Dec. 2023 was 87.38.

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. Grupo Nutresa's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Grupo Nutresa Inventory Turnover Historical Data

The historical data trend for Grupo Nutresa'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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Grupo Nutresa Inventory Turnover Chart

Grupo Nutresa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.20

4.50

4.23

3.85

4.43

Grupo Nutresa Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.99	0.94	0.99	1.01	1.04

Grupo Nutresa Inventory Turnover Calculation

Grupo Nutresa'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 )
=	2873.244	/ (	(684.291	+	614.25)	/	2 )
=	2873.244	/	649.2705
=	4.43

Grupo Nutresa'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 )
=	684.19	/ (	(696.038	+	614.25)	/	2 )
=	684.19	/	655.144
=	1.04

Grupo Nutresa (OTCPK:GCHOY) 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.

Grupo Nutresa'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
	=	655.144	/	684.19	*	365 / 4
	=	87.38

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.

Grupo Nutresa'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 )
	=	655.144	/	1153.533
	=	0.57

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.

Grupo Nutresa Inventory Turnover Related Terms

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Grupo Nutresa (Grupo Nutresa) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Nutresa SA (OTCPK:GCHOY) » Definitions » Inventory Turnover

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NUTRESA:Columbia

Address

Carrera 43A No.1A Sur - 143, Edificio Santillana, Piso 7, Medellin, COL

Website

https://www.gruponutresa.com

Grupo Nutresa SA is a processed food company that operates through eight business units: Cold Cuts; Biscuits; Chocolates; Tresmontes Lucchetti; Coffee; Retail Food; Ice Cream; and Pasta. Most of the company's revenue comes from food products. Beverage, candy, and snack products account for the remaining revenue. Most of the company's production and sales take place in Colombia. Grupo Nutresa also has production plants and distribution networks in more than a dozen other countries, primarily in the Americas.

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