Blender Bites (STU:JL4) Inventory Turnover : 1.11 (As of Jul. 2024)

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What is Blender Bites 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. Blender Bites's Cost of Goods Sold for the three months ended in Jul. 2024 was €0.97 Mil. Blender Bites's Average Total Inventories for the quarter that ended in Jul. 2024 was €0.87 Mil. Blender Bites's Inventory Turnover for the quarter that ended in Jul. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Blender Bites's Days Inventory for the three months ended in Jul. 2024 was 81.95.

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. Blender Bites's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.66.

Blender Bites Inventory Turnover Historical Data

The historical data trend for Blender Bites'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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Blender Bites Inventory Turnover Chart

Blender Bites Annual Data

Trend

Nov14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Oct21

Oct22

Oct23

Inventory Turnover

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8.94

2.74

Blender Bites Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.89	0.31	0.78	1.11

Blender Bites Inventory Turnover Calculation

Blender Bites's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	1.807	/ (	(0.285	+	1.036)	/	2 )
=	1.807	/	0.6605
=	2.74

Blender Bites's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	0.971	/ (	(0.961	+	0.783)	/	2 )
=	0.971	/	0.872
=	1.11

Blender Bites (STU:JL4) 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.

Blender Bites's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	0.872	/	0.971	*	365 / 4
	=	81.95

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.

Blender Bites's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	0.872	/	1.33
	=	0.66

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.

Blender Bites Inventory Turnover Related Terms

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Blender Bites Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Blender Bites Ltd (STU:JL4) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

JL4:Germany BITE:Canada

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

https://www.blenderbites.com

Blender Bites Ltd is functional foods company which is focused on the manufacturing and distribution of natural and organic frozen smoothie products. The Company is operating its business in one reportable segment: the sale of functional frozen beverages.

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