Saputo (TSX:SAP) Inventory Turnover : 1.13 (As of Sep. 2024)

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What is Saputo 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. Saputo's Cost of Goods Sold for the three months ended in Sep. 2024 was C$3,314 Mil. Saputo's Average Total Inventories for the quarter that ended in Sep. 2024 was C$2,921 Mil. Saputo's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Saputo's Days Inventory for the three months ended in Sep. 2024 was 80.43.

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. Saputo's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.62.

Saputo Inventory Turnover Historical Data

The historical data trend for Saputo'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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Saputo Inventory Turnover Chart

Saputo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.22

4.24

4.32

4.62

4.18

Saputo 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															1.00	1.00	1.11	1.13	1.13

Saputo Inventory Turnover Calculation

Saputo's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	11972	/ (	(2872	+	2860)	/	2 )
=	11972	/	2866
=	4.18

Saputo'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 )
=	3314	/ (	(2865	+	2977)	/	2 )
=	3314	/	2921
=	1.13

Saputo (TSX:SAP) 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.

Saputo'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
	=	2921	/	3314	*	365 / 4
	=	80.43

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.

Saputo'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 )
	=	2921	/	4708
	=	0.62

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.

Saputo Inventory Turnover Related Terms

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Saputo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saputo Inc (TSX:SAP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SAPIF:USA SB7:Germany

Address

1000 de la Gauchetiere Street West, Suite 2900, Montreal, QC, CAN, H3B 4W5

Website

https://www.saputo.com

Saputo is a global dairy processor domiciled in Canada (28% of fiscal 2024 sales) with operations in the United States (45%), Europe (6%), and other international markets (21%). It sells cheese, cream, fluid milk, and other dairy products. In the retail segment (50% of revenue), its mix of brands includes Saputo, Armstrong, Cheer, Cathedral City, and Frylight. Saputo also competes in foodservice (33% of revenue) and industrials (17% of revenue), which houses its ingredients business.

Executives

Leanne Cutts	Senior Officer
Martin Gagnon	Senior Officer
Carl Colizza	Senior Officer
Sindy Saragoca	Senior Officer
Richard Wallace	Senior Officer
Maxime Therrien	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Terry Brockman	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Gaétane Wagner	Senior Officer
Thomas Atherton	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Frank Guido	Senior Officer
Anna Lisa King	Director
Joe Marsilii	Director or Senior Officer of 10% Security Holder
Haig Poutchigian	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Emanuele Saputo	10% Security Holder
Diego Presas	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)