Blumar (XSGO:BLUMAR) Inventory Turnover : 0.52 (As of Dec. 2023)

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What is Blumar 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. Blumar's Cost of Goods Sold for the three months ended in Dec. 2023 was CLP107,439 Mil. Blumar's Average Total Inventories for the quarter that ended in Dec. 2023 was CLP206,004 Mil. Blumar's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Blumar's Days Inventory for the three months ended in Dec. 2023 was 174.96.

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. Blumar's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.78.

Blumar Inventory Turnover Historical Data

The historical data trend for Blumar'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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Blumar Inventory Turnover Chart

Blumar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.61

2.07

2.49

2.15

2.32

Blumar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.51	0.56	0.60	0.61	0.52

Blumar Inventory Turnover Calculation

Blumar'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 )
=	479966.234	/ (	(207697.454	+	205866.049)	/	2 )
=	479966.234	/	206781.7515
=	2.32

Blumar's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	107439.193	/ (	(206141.048	+	205866.049)	/	2 )
=	107439.193	/	206003.5485
=	0.52

Blumar (XSGO:BLUMAR) 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.

Blumar's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	206003.5485	/	107439.193	*	365 / 4
	=	174.96

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.

Blumar's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	206003.5485	/	115867.525
	=	1.78

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.

Blumar Inventory Turnover Related Terms

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Blumar (XSGO:BLUMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Blumar SA (XSGO:BLUMAR) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Magdalena 181, 13th floor, 1301 south office, Las Condes, Santiago, CHL

Website

http://www.blumar.cl

Blumar SA is an aquaculture company. It engaged in fishing, processing, transformation, marketing and export of fish. It produce & commercialize fish meal, fish oil, salmon and trout, and frozen fish products. It also produces dried and smoked fish products. Its products are distributed in Chile, Japan, China, and other countries.

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