Reborn Coffee (Reborn Coffee) Inventory Turnover : 3.08 (As of Dec. 2023)

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What is Reborn Coffee 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. Reborn Coffee's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.51 Mil. Reborn Coffee's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.17 Mil. Reborn Coffee's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reborn Coffee's Days Inventory for the three months ended in Dec. 2023 was 29.64.

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. Reborn Coffee's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Reborn Coffee Inventory Turnover Historical Data

The historical data trend for Reborn Coffee'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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Reborn Coffee Inventory Turnover Chart

Reborn Coffee Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

104.22

102.42

16.44

10.12

12.51

Reborn Coffee Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										2.49	2.88	4.25	3.11	3.08

Reborn Coffee Inventory Turnover Calculation

Reborn Coffee'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 )
=	1.864	/ (	(0.132	+	0.166)	/	2 )
=	1.864	/	0.149
=	12.51

Reborn Coffee'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 )
=	0.511	/ (	(0.166	+	0.166)	/	2 )
=	0.511	/	0.166
=	3.08

Reborn Coffee (NAS:REBN) 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.

Reborn Coffee'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
	=	0.166	/	0.511	*	365 / 4
	=	29.64

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.

Reborn Coffee'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 )
	=	0.166	/	1.798
	=	0.09

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.

Reborn Coffee Inventory Turnover Related Terms

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Reborn Coffee (Reborn Coffee) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Reborn Coffee Inc (NAS:REBN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

580 N. Berry Street, Brea, CA, USA, 92821

Website

https://www.reborncoffee.com

Reborn Coffee Inc is an operator and franchisor of retail locations and kiosks that focus on serving specialty-roasted coffee. The company operates in one reportable segment, consisting of both the wholesale and retail sales of coffee, water, and other beverages.

Executives

Nasim Andy Farouk Muhamad	director	NO 21 JALAN SETIABAKTI 9, BUKIT DAMANSARA, KUALA LUMPUR N8 50490
Jay Kim	director, 10 percent owner, officer: CEO	6940 BEACH BLVD SUITE D-705, BUENA PARK CA 90621
Jinwoo Kim	officer: Chief Financial Officer	580 N. BERRY STREET, BREA CA 92821
Hannah Goh	director	580 N. BERRY STREET, BREA CA 92821
Dennis R. Egidi	director	580 N. BERRY STREET, BREA CA 92821
Sehan Kim	director	580 N. BERRY STREET, BREA CA 92821
Farooq M. Arjomand	director, 10 percent owner	580 N. BERRY STREET, BREA CA 92821