The Wendy's Co (STU:TQK) Inventory Turnover : 59.57 (As of Mar. 2024)

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What is The Wendy's 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. The Wendy's Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €350 Mil. The Wendy's Co's Average Total Inventories for the quarter that ended in Mar. 2024 was €6 Mil. The Wendy's Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 59.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Wendy's Co's Days Inventory for the three months ended in Mar. 2024 was 1.53.

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. The Wendy's Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

The Wendy's Co Inventory Turnover Historical Data

The historical data trend for The Wendy's 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.

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The Wendy's Co Inventory Turnover Chart

The Wendy's Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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294.51

247.39

232.09

216.62

200.31

The Wendy's Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															55.05	60.50	54.20	48.60	59.57

The Wendy's Co Inventory Turnover Calculation

The Wendy's 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 )
=	1288.486	/ (	(6.73	+	6.135)	/	2 )
=	1288.486	/	6.4325
=	200.31

The Wendy's Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	350.159	/ (	(6.135	+	5.621)	/	2 )
=	350.159	/	5.878
=	59.57

The Wendy's Co (STU:TQK) 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.

The Wendy's Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	5.878	/	350.159	*	365 / 4
	=	1.53

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.

The Wendy's Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	5.878	/	491.973
	=	0.01

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.

The Wendy's Co Inventory Turnover Related Terms

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The Wendy's Co (STU:TQK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » The Wendy's Co (STU:TQK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

WEN:USA TQK:Germany

Address

One Dave Thomas Boulevard, Dublin, OH, USA, 43017

Website

https://www.wendys.com

The Wendy's Company is the second-largest burger quick-service restaurant, or QSR, chain in the United States by systemwide sales, with $11.7 billion in 2022, narrowly edging Burger King ($10.3 billion) and clocking in well behind wide-moat McDonald's ($48.1 billion). After divestitures of Tim Hortons (2006) and Arby's (2011), the firm manages just the burger banner, generating sales across a footprint that spanned almost 7,100 total units in 30 countries as of year-end 2022. Wendy's generates revenue from the sale of hamburgers, chicken sandwiches, salads, and fries throughout its company-owned footprint, through franchise royalty and marketing fund payments remitted by its franchisees, which account for 94% of stores, and through franchise flipping and advisory fees.

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