OGOFF (Organto Foods) Inventory Turnover : 4.52 (As of Sep. 2024)

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What is Organto Foods 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. Organto Foods's Cost of Goods Sold for the three months ended in Sep. 2024 was $3.39 Mil. Organto Foods's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.75 Mil. Organto Foods's Inventory Turnover for the quarter that ended in Sep. 2024 was 4.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Organto Foods's Days Inventory for the three months ended in Sep. 2024 was 20.19.

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. Organto Foods's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.20.

Organto Foods Inventory Turnover Historical Data

The historical data trend for Organto Foods'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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Organto Foods Inventory Turnover Chart

Organto Foods Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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48.22

179.98

98.54

73.12

35.14

Organto Foods Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															7.65	19.10	5.93	4.59	4.52

Organto Foods Inventory Turnover Calculation

Organto Foods'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 )
=	18.799	/ (	(0.173	+	0.897)	/	2 )
=	18.799	/	0.535
=	35.14

Organto Foods'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 )
=	3.389	/ (	(0.583	+	0.917)	/	2 )
=	3.389	/	0.75
=	4.52

Organto Foods (OTCPK:OGOFF) 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.

Organto Foods'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
	=	0.75	/	3.389	*	365 / 4
	=	20.19

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.

Organto Foods'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 )
	=	0.75	/	3.842
	=	0.20

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.

Organto Foods Inventory Turnover Related Terms

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Organto Foods Business Description

Industry

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OGO:Canada

Address

1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6

Website

https://www.organto.com

Organto Foods Inc is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. The company provides various products including avocados, bananas, blueberries, mango, asparagus, ginger and fresh cut herbs amongst others, marketed in bulk and private label formats. It has one reportable business segment, being the sourcing, processing, packaging, distribution and marketing of organic and specialty food products in Europe.