National Beverage Corp (FIZZ)
Inventory turnover
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 757,413 | 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 |
| Inventory | US$ in thousands | 85,109 | 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 |
| Inventory turnover | 8.90 | 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 |
April 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $757,413K ÷ $85,109K
= 8.90
The inventory turnover ratios for National Beverage Corp over the analyzed period demonstrate a relatively stable management of inventory levels, with moderate fluctuations reflecting operational consistency. Starting from a low of 8.14 in late July 2022, the ratio increased to a peak of 9.46 by the end of October 2022, indicating improved inventory efficiency during this period. Subsequently, the ratio experienced a gradual decline, reaching a trough of approximately 7.65 in April 2023, before recovering to around 8.67 in late October 2023. In the subsequent periods, the ratio generally trended upward, attaining values such as 8.76 in January 2025 and reaching 8.90 by April 2025, which indicates a slight upward movement in inventory turnover.
Overall, the data reflects a steady inventory management approach, with no significant volatility, and a tendency toward incremental improvement in recent periods. The ratios suggest that the company maintains an efficient inventory cycle, generally turning over its inventory roughly 8.0 to 8.9 times annually, with slight variations possibly attributable to seasonal factors or strategic adjustments. This stable pattern signifies effective inventory control and a consistent capacity to convert inventory into sales within a relatively short timeframe.
Peer comparison
Apr 30, 2025
Apr 30, 2025