Grupo HerdezB de CV (MEX:HERDEZ) Inventory Turnover : 1.12 (As of Jun. 2024)

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What is Grupo HerdezB de CV 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 HerdezB de CV's Cost of Goods Sold for the three months ended in Jun. 2024 was MXN5,540 Mil. Grupo HerdezB de CV's Average Total Inventories for the quarter that ended in Jun. 2024 was MXN4,959 Mil. Grupo HerdezB de CV's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo HerdezB de CV's Days Inventory for the three months ended in Jun. 2024 was 81.69.

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 HerdezB de CV's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.53.

Grupo HerdezB de CV Inventory Turnover Historical Data

The historical data trend for Grupo HerdezB de CV'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 HerdezB de CV Inventory Turnover Chart

Grupo HerdezB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.62

4.09

4.02

3.95

4.21

Grupo HerdezB de CV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.02	0.99	1.13	1.10	1.12

Grupo HerdezB de CV Inventory Turnover Calculation

Grupo HerdezB de CV'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 )
=	22134.574	/ (	(5511.031	+	5016.11)	/	2 )
=	22134.574	/	5263.5705
=	4.21

Grupo HerdezB de CV's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	5540.212	/ (	(4796.679	+	5122.286)	/	2 )
=	5540.212	/	4959.4825
=	1.12

Grupo HerdezB de CV (MEX:HERDEZ) 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 HerdezB de CV's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	4959.4825	/	5540.212	*	365 / 4
	=	81.69

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 HerdezB de CV's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	4959.4825	/	9296.739
	=	0.53

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 HerdezB de CV Inventory Turnover Related Terms

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Grupo HerdezB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grupo Herdez SAB de CV (MEX:HERDEZ) » Definitions » Inventory Turnover

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GUZOF:USA

Address

Monte Pelvaoux 215, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000

Website

http://www.grupoherdez.com.mx

Grupo Herdez SAB de CV specialises in the processed food and ice cream industries, with its operations primarily in Mexico. The company engages in the manufacturing, purchasing, distributing, and marketing of canned and packaged food products in Mexico, as well as food products at the Mexican food segment within the United States. Product segments include burritos, canned vegetables, frozen yogurt, guacamole, and home-style salsas. Products are then sold through a variety of brands, such as Aires de Campo, Barilla, Bufalo and many more.

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