National Beverage Corp (FIZZ)
Inventory turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 745,226 | 765,360 | 754,417 | 720,410 | 724,392 | 728,374 | 767,225 | 803,950 | 795,963 | 787,976 | 751,778 | 715,580 | 730,988 | 746,396 | 791,551 | 836,706 | 823,539 | 789,026 | 735,434 | 698,391 |
| Inventory | US$ in thousands | 85,032 | 91,048 | 90,629 | 84,603 | 84,603 | 88,670 | 88,670 | 92,774 | 92,774 | 92,999 | 92,999 | 93,578 | 93,578 | 93,591 | 93,591 | 88,409 | 88,409 | 90,353 | 90,353 | 103,318 |
| Inventory turnover | 8.76 | 8.41 | 8.32 | 8.52 | 8.56 | 8.21 | 8.65 | 8.67 | 8.58 | 8.47 | 8.08 | 7.65 | 7.81 | 7.98 | 8.46 | 9.46 | 9.32 | 8.73 | 8.14 | 6.76 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $745,226K ÷ $85,032K
= 8.76
Based on the provided data, the inventory turnover ratio for National Beverage Corp has shown a general increasing trend over the given period. The inventory turnover ratio reflects the efficiency of the company in managing its inventory, with higher values indicating faster turnover.
In April 2022, the inventory turnover ratio was 6.76, and it increased to 8.14 by July 2022. Subsequently, the ratio continued to rise, reaching its peak at 9.46 in October 31, 2022. However, the ratio slightly dropped in the following periods but remained relatively high, indicating efficient inventory management.
Overall, National Beverage Corp has maintained a healthy inventory turnover ratio ranging from 7.65 to 9.46 over the analyzed period. This trend suggests that the company is effectively managing its inventory levels and converting its inventory into sales. A consistently high inventory turnover ratio is generally favorable as it indicates that the company is efficiently selling its products without holding excess inventory, which could tie up resources.
Peer comparison
Jan 31, 2025
Jan 31, 2025