National Beverage Corp (FIZZ)
Inventory turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 763,243 | 776,143 | 720,208 | 650,594 | 630,254 |
| Inventory | US$ in thousands | 84,603 | 93,578 | 103,318 | 71,480 | 63,482 |
| Inventory turnover | 9.02 | 8.29 | 6.97 | 9.10 | 9.93 |
April 27, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $763,243K ÷ $84,603K
= 9.02
National Beverage Corp's inventory turnover has exhibited fluctuations over the past five years. The inventory turnover ratio indicates the efficiency of the company in managing its inventory levels. A higher inventory turnover ratio suggests that the company is selling its inventory quickly and efficiently.
In the most recent fiscal year ending April 27, 2024, the inventory turnover ratio was 9.02, indicating an improvement from the previous year's ratio of 8.29. This suggests that National Beverage Corp was able to sell its inventory at a faster pace compared to the prior year.
Comparing the current inventory turnover ratio to that of previous years, it is evident that National Beverage Corp's efficiency in managing its inventory has varied. The ratio was highest in May 2, 2020, at 9.93, indicating the company was more efficient in selling its inventory during that period.
On the other hand, the lowest inventory turnover ratio was observed in April 30, 2022, at 6.97, suggesting a potential slowdown in inventory management efficiency during that fiscal year.
Overall, National Beverage Corp should continue to monitor and optimize its inventory turnover ratio to ensure efficient management of its inventory levels and maximize profitability.
Peer comparison
Apr 27, 2024