Knowlton Development (Knowlton Development) Inventory Turnover : 1.88 (As of Jul. 2021)

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What is Knowlton Development 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. Knowlton Development's Cost of Goods Sold for the three months ended in Jul. 2021 was $520.90 Mil. Knowlton Development's Average Total Inventories for the quarter that ended in Jul. 2021 was $277.80 Mil. Knowlton Development's Inventory Turnover for the quarter that ended in Jul. 2021 was 1.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Knowlton Development's Days Inventory for the three months ended in Jul. 2021 was 48.66.

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. Knowlton Development's Inventory-to-Revenue for the quarter that ended in Jul. 2021 was 0.46.

Knowlton Development Inventory Turnover Historical Data

The historical data trend for Knowlton Development'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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Knowlton Development Inventory Turnover Chart

Knowlton Development Annual Data

Trend

Apr20

Apr21

Inventory Turnover

4.28

7.49

Knowlton Development Quarterly Data
	Apr20	Jul20	Apr21	Jul21
Inventory Turnover	-	1.82	-	1.88

Knowlton Development Inventory Turnover Calculation

Knowlton Development's Inventory Turnover for the fiscal year that ended in Apr. 2021 is calculated as

	Inventory Turnover (A: Apr. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2021 )	/ (	(Total Inventories (A: Apr. 2020 )	+	Total Inventories (A: Apr. 2021 ))	/	count )
=	1817.7	/ (	(220.5	+	265.1)	/	2 )
=	1817.7	/	242.8
=	7.49

Knowlton Development's Inventory Turnover for the quarter that ended in Jul. 2021 is calculated as

	Inventory Turnover (Q: Jul. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2021 )	/ (	(Total Inventories (Q: Apr. 2021 )	+	Total Inventories (Q: Jul. 2021 ))	/	count )
=	520.9	/ (	(265.1	+	290.5)	/	2 )
=	520.9	/	277.8
=	1.88

Knowlton Development (NYSE:KDC) 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.

Knowlton Development's Days Inventory for the three months ended in Jul. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2021 )	/	Cost of Goods Sold (Q: Jul. 2021 )	*	Days in Period
	=	277.8	/	520.9	*	365 / 4
	=	48.66

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.

Knowlton Development's Inventory to Revenue for the quarter that ended in Jul. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2021 )	/	Revenue (Q: Jul. 2021 )
	=	277.8	/	603.4
	=	0.46

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.

Knowlton Development Inventory Turnover Related Terms

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Knowlton Development (Knowlton Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Knowlton Development Corp Inc (NYSE:KDC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

375 Roland-Therrien Boulevard, Suite 210, Longueuil, QC, CAN, J4H 4A6

Website

https://www.kdc-one.com

Knowlton Development Corp Inc is involved in the formulation, design, packaging and manufacturing of beauty, personal care, and home care products. It offers skin care, body and hair care, soaps and sanitizers, cosmetics, deodorants, sun care, fragrances, air care, fabric care, pest control and surface care products.