National Beverage Corp (FIZZ)
Inventory turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 757,413 | 763,243 | 763,243 | 776,143 | 776,143 |
| Inventory | US$ in thousands | 85,109 | 84,603 | 84,603 | 93,578 | 93,578 |
| Inventory turnover | 8.90 | 9.02 | 9.02 | 8.29 | 8.29 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $757,413K ÷ $85,109K
= 8.90
The inventory turnover ratio for National Beverage Corp demonstrates a generally stable trend over the analyzed period, with incremental fluctuations indicative of inventory management efficiency. As of April 29 and April 30, 2023, the ratio was 8.29, suggesting the company sold and replaced its inventory approximately 8.3 times during the fiscal year ending in 2023. Moving forward to April 27 and April 30, 2024, the ratio increased to 9.02, reflecting a higher frequency of inventory turnover, which could indicate improved sales performance or more effective inventory management strategies during that period. Subsequently, as of April 30, 2025, the ratio slightly decreased to 8.90, still higher than the 2023 levels but marginally lower than the 2024 peak, implying a modest reduction in inventory turnover efficiency or sales volume. Overall, the data suggests that the company has maintained relatively consistent inventory turnover performance, with a notable upward shift in the 2024 period, followed by a slight stabilization. This pattern indicates a measure of operational flexibility, with the company managing to sustain a healthy rate of inventory liquidation across the analyzed years.
Peer comparison
Apr 30, 2025