Scheid Vineyards (Scheid Vineyards) Inventory Turnover : 0.34 (As of Aug. 2023)

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What is Scheid Vineyards 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. Scheid Vineyards's Cost of Goods Sold for the six months ended in Aug. 2023 was $22.12 Mil. Scheid Vineyards's Average Total Inventories for the quarter that ended in Aug. 2023 was $65.86 Mil. Scheid Vineyards's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Scheid Vineyards's Days Inventory for the six months ended in Aug. 2023 was 543.33.

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. Scheid Vineyards's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 2.38.

Scheid Vineyards Inventory Turnover Historical Data

The historical data trend for Scheid Vineyards'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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Scheid Vineyards Inventory Turnover Chart

Scheid Vineyards Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Inventory Turnover

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0.87

1.01

0.90

0.91

0.90

Scheid Vineyards Semi-Annual Data
	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Feb15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Aug22	Aug23
Inventory Turnover	Get a 7-Day Free Trial															0.28	0.57	0.31	0.43	0.34

Scheid Vineyards Inventory Turnover Calculation

Scheid Vineyards's Inventory Turnover for the fiscal year that ended in Feb. 2020 is calculated as

	Inventory Turnover (A: Feb. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2020 )	/ (	(Total Inventories (A: Feb. 2019 )	+	Total Inventories (A: Feb. 2020 ))	/	count )
=	45.347	/ (	(51.529	+	48.895)	/	2 )
=	45.347	/	50.212
=	0.90

Scheid Vineyards's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: Aug. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	22.121	/ (	(0	+	65.858)	/	1 )
=	22.121	/	65.858
=	0.34

Scheid Vineyards (OTCPK:SVIN) 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.

Scheid Vineyards's Days Inventory for the six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	65.858	/	22.121	*	365 / 2
	=	543.33

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.

Scheid Vineyards's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	65.858	/	27.698
	=	2.38

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.

Scheid Vineyards Inventory Turnover Related Terms

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Scheid Vineyards (Scheid Vineyards) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Scheid Vineyards Inc (OTCPK:SVIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

305 Hilltown Road, Salinas, CA, USA, 93908

Website

https://www.scheidvineyards.com

Scheid Vineyards Inc is engaged in the manufacturing of premium varietal wine grapes and wine in the United States. The principal business of the company is the production of premium varietal wine grapes and wine, the operation of a custom crush winery facility, and the sale of bottled wine through wholesalers and directly to consumers. It currently operates premium wine grape vineyards in Monterey County, California.

Executives

Keith Krum	director	305 HILLTOWN ROAD, SALINAS CA 93908
Advisory Research Inc	10 percent owner	180 N. STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Advisory Research Microcap Value Fund, L.p.	10 percent owner	180 NORTH STETSON AVENUE, SUITE 5500, CHICAGO IL 60601
Scott D Scheid	director, officer: President, CEO	C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908
Heidi M Scheid	director, officer: Senior Vice President	C/O SCHEID VINEYARDS INC, 305 HILLTOWN RD, SALINAS CA 93908
Kurt J Golnick	officer: Chief Operating Officer	C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908
Alfred G Scheid	director, 10 percent owner	C/O SCHEID VINEYARDS, 305 HILLTOWN RD, SALINAS CA 93908