B&G Foods Inc (BGS)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,792,961	1,951,073	1,955,010	1,986,485	2,072,089	2,065,464	1,947,126	1,900,213	1,860,186	1,776,455	1,723,213	1,745,476	1,691,450	1,649,758	1,582,266	1,478,529	1,458,444	1,494,210	1,506,023	1,531,322
Inventory	US$ in thousands	568,980	644,060	674,682	700,882	726,468	805,188	667,668	612,768	609,794	670,305	533,631	497,481	492,804	476,275	356,803	399,189	472,187	526,074	404,754	375,393
Inventory turnover		3.15	3.03	2.90	2.83	2.85	2.57	2.92	3.10	3.05	2.65	3.23	3.51	3.43	3.46	4.43	3.70	3.09	2.84	3.72	4.08

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,792,961K ÷ $568,980K
= 3.15

The inventory turnover ratio for B&G Foods Inc has shown some fluctuations over the past quarters, ranging from a low of 2.57 to a high of 4.43. The average inventory turnover ratio calculated from the data provided is approximately 3.22.

A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently, while a lower ratio suggests slower inventory turnover. B&G Foods Inc generally maintains a moderate level of inventory turnover, with some quarters performing better than others.

It is important to monitor inventory turnover consistently to ensure efficient management of inventory levels and to prevent overstocking or understocking of products. The company should analyze factors contributing to fluctuations in inventory turnover to optimize inventory management strategies and improve overall operational efficiency.