National Beverage Corp (FIZZ)
Inventory turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 763,243 | 759,238 | 759,765 | 767,186 | 776,143 | 778,384 | 769,947 | 751,983 | 720,208 | 694,156 | 679,299 | 661,386 | 650,594 | 653,920 | 644,372 | 639,409 | 630,254 | 621,847 | 621,466 | 619,854 |
| Inventory | US$ in thousands | 84,603 | 88,670 | 92,774 | 92,999 | 93,578 | 93,591 | 88,409 | 90,353 | 103,318 | 88,679 | 78,789 | 69,934 | 71,480 | 71,125 | 68,816 | 63,075 | 63,482 | 61,202 | 67,776 | 73,433 |
| Inventory turnover | 9.02 | 8.56 | 8.19 | 8.25 | 8.29 | 8.32 | 8.71 | 8.32 | 6.97 | 7.83 | 8.62 | 9.46 | 9.10 | 9.19 | 9.36 | 10.14 | 9.93 | 10.16 | 9.17 | 8.44 |
April 27, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $763,243K ÷ $84,603K
= 9.02
The inventory turnover ratio for National Beverage Corp has exhibited fluctuating trends over the past few years, ranging from 6.97 to 10.16 times. On average, the company's inventory turnover has been relatively high, indicating that it is efficient in managing its inventory levels.
However, there have been periods where the inventory turnover ratio has dipped, suggesting that the company may have experienced challenges in selling its inventory quickly. It is important for the company to monitor its inventory turnover consistently to ensure that inventory is managed effectively to avoid excess holding costs and obsolescence risks.
Overall, National Beverage Corp's inventory turnover ratios indicate that the company has been generally effective in converting its inventory into sales, but there may be opportunities for improvement in certain periods to optimize its inventory management practices further.
Peer comparison
Apr 27, 2024
Apr 27, 2024