Sucro (TSXV:SUG) Inventory Turnover : 0.78 (As of Mar. 2024)

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What is Sucro 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. Sucro's Cost of Goods Sold for the three months ended in Mar. 2024 was C$199.3 Mil. Sucro's Average Total Inventories for the quarter that ended in Mar. 2024 was C$254.4 Mil. Sucro's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sucro's Days Inventory for the three months ended in Mar. 2024 was 116.51.

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. Sucro's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.02.

Sucro Inventory Turnover Historical Data

The historical data trend for Sucro'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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Sucro Inventory Turnover Chart

Sucro Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

2.51

3.36

2.44

Sucro Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			0.76	-	-	-	0.78

Sucro Inventory Turnover Calculation

Sucro'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 )
=	572.258	/ (	(179.049	+	289.586)	/	2 )
=	572.258	/	234.3175
=	2.44

Sucro'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 )
=	199.274	/ (	(289.586	+	219.268)	/	2 )
=	199.274	/	254.427
=	0.78

Sucro (TSXV:SUG) 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.

Sucro'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
	=	254.427	/	199.274	*	365 / 4
	=	116.51

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.

Sucro'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 )
	=	254.427	/	249.502
	=	1.02

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.

Sucro Inventory Turnover Related Terms

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Sucro (TSXV:SUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sucro Ltd (TSXV:SUG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 Ponce de Leon Blvd, Suite 1204, Coral Gables, FL, USA, 33134

Website

https://www.sucro.us

Sucro Ltd is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customer. The Company's operations are classified into two reportable business segments which is Trade and Services. The Trade segment is a business focusing on capturing profits through sourcing, merchandising, and managing logistics of sugar. The Company's asset-based services business provides tolling (refining, processing, handling, packaging, and quality assurance), storage, and other services primarily to the Trade segment.

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