National Beverage Corp (FIZZ)
Inventory turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 763,243 | 763,243 | 776,143 | 776,143 | 720,208 |
| Inventory | US$ in thousands | 84,603 | 84,603 | 93,578 | 93,578 | 103,318 |
| Inventory turnover | 9.02 | 9.02 | 8.29 | 8.29 | 6.97 |
April 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $763,243K ÷ $84,603K
= 9.02
The inventory turnover of National Beverage Corp has shown an upward trend over the years, indicating that the company is efficiently managing its inventory. As of April 30, 2022, the inventory turnover was 6.97, which increased to 8.29 by April 29, 2023, and remained stable at 8.29 until April 30, 2023.
Subsequently, the inventory turnover further improved to 9.02 by April 27, 2024, and maintained the same level by April 30, 2024. This indicates that National Beverage Corp is selling its inventory at a faster rate compared to previous years, reflecting effective inventory management practices. Overall, the increasing trend in inventory turnover suggests that the company is efficiently utilizing its resources and meeting customer demand effectively.
Peer comparison
Apr 30, 2024