KLG (WK Kellogg Co) Inventory Turnover : 1.42 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is WK Kellogg Co 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. WK Kellogg Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $495 Mil. WK Kellogg Co's Average Total Inventories for the quarter that ended in Sep. 2024 was $350 Mil. WK Kellogg Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WK Kellogg Co's Days Inventory for the three months ended in Sep. 2024 was 64.43.

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. WK Kellogg Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.51.

WK Kellogg Co Inventory Turnover Historical Data

The historical data trend for WK Kellogg Co'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.

* Premium members only.

WK Kellogg Co Inventory Turnover Chart

WK Kellogg Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

7.26

6.18

5.42

5.18

WK Kellogg Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								1.51	1.39	1.50	1.38	1.42

WK Kellogg Co Inventory Turnover Calculation

WK Kellogg Co'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 )
=	2009	/ (	(431	+	345)	/	2 )
=	2009	/	388
=	5.18

WK Kellogg Co'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 )
=	495	/ (	(360	+	339)	/	2 )
=	495	/	349.5
=	1.42

WK Kellogg Co (NYSE:KLG) 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.

WK Kellogg Co'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
	=	349.5	/	495	*	365 / 4
	=	64.43

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.

WK Kellogg Co'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 )
	=	349.5	/	689
	=	0.51

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.

WK Kellogg Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of WK Kellogg Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

WK Kellogg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WK Kellogg Co (NYSE:KLG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KLG:Mexico KU9:Germany

Address

One Kellogg Square, Battle Creek, MI, USA, 49016-3599

Website

https://www.wkkellogg.com

WK Kellogg is the second-largest cereal manufacturer in North America. Its cereal brands include Special K, Frosted Flakes, Raisin Bran, Froot Loops, Frosted Mini-Wheats, Kashi, Corn Flakes, Rice Krispies, Apple Jacks, and Bear Naked. The company was spun off from the former Kellogg business, now known as Kellanova, where the former firm's global snacks portfolio and international cereal brands are now housed. WK Kellogg, which began trading independently in October 2023, generates the bulk of its sales (about 88% of its fiscal 2023 base) from the US.

Executives

G Zachary Gund	director	14 NASSAU STREET, PRINETON NJ 08542
Ramon Murguia	director	ONE MICHIGAN AVENUE EAST, BATTLE CREEK MI 49017-4058
Sherry Brice	officer: Chief Supply Chain Officer	C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Norma Barnes-euresti	director	ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
David Mckinstray	officer: Chief Financial Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Gary H Pilnick	director, officer: President
Doug Vandevelde	officer: Chief Growth Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Bruce Alan Brown	officer: Chief Customer Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Michael Corbo	director	C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
Mindy Sherwood	director	C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Julio N Nemeth	director	ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
R David Banyard	director	MYERS INDUSTRIES INC., 1293 SOUTH MAIN STREET, AKRON OH 44301
Kellogg W K Foundation Trust	10 percent owner	50 S. LA SALLE ST., B-10, CHICAGO IL 60603
Kellogg W K Foundation	10 percent owner
Ellanova	10 percent owner	412 N WELLS ST, CHICAGO IL 60654