Andersons (Andersons) Inventory Turnover

: 2.78 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Andersons's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,995 Mil. Andersons's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,076 Mil. Andersons's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Andersons's Days Inventory for the three months ended in Dec. 2023 was 32.78.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Andersons's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Andersons Inventory Turnover Historical Data

The historical data trend for Andersons's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Andersons Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

8.10

6.25

7.74

9.39

9.66

Andersons Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																2.74	2.27	2.99	3.52	2.78

Andersons Inventory Turnover Calculation

Andersons's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	14004.749	/ (	(1731.725	+	1166.7)	/	2 )
=	14004.749	/	1449.2125
=	9.66

Andersons's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2995.286	/ (	(985.292	+	1166.7)	/	2 )
=	2995.286	/	1075.996
=	2.78

Andersons (NAS:ANDE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Andersons's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1075.996	/	2995.286	*	365 / 4
	=	32.78

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Andersons's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1075.996	/	3213
	=	0.33

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Andersons Inventory Turnover Related Terms

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Andersons (Andersons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Andersons Inc (NAS:ANDE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AKG:Germany

Address

1947 Briarfield Boulevard, PO Box 119, Maumee, OH, USA, 43537

Website

https://www.andersonsinc.com

Andersons Inc is an agriculture company that conducts business in North America. Its operations are segmented into trade, ethanol, plant nutrient, and rail. The trade group operates grain elevators and generates income through buying and selling grains, fuel, and space leasing. The trade group contributes over half the company's revenue. The ethanol segment buys and sells corn oil and ethanol, offers facility operations, and invests in ethanol plants. The plant nutrient group manufactures, distributes, and sells fertilizer and plant nutrients. The company's rail segment leases, repairs, and sells railway facilities.

Executives

Patrick E. Bowe	director, officer: President & CEO	P O BOX 119, MAUMEE OH 43537
Michael J Anderson	director	C/O INTERSTATE BAKERIES CORP, 12 EAST ARMOUR BLVD, KANSAS CITY MO 64111
Brian K. Walz	officer: VP-Treasurer	P.O. BOX 119, MAUMEE OH 43537
William E. Krueger	officer: President, ATG Comm. & Merch.	P.O. BOX 119, MAUMEE OH 43537
Sarah Zibbel	officer: EVP & Chief HR Officer	P.O. BOX 119, MAUMEE OH 43537
Anne G Rex	officer: VP, Strategy, Planning and Dev	PO BOX 119, MAUMEE OH 43537
Steven K. Campbell	director	P.O. BOX 119, MAUMEE OH 43537
Gary A. Douglas	director	P.O. BOX 119, MAUMEE OH 43537
King Robert J Jr	director	FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Pamela S Hershberger	director	P.O. BOX 119, MAUMEE OH 43537
Patrick S. Mullin	director	1500 KEY TOWER, 127 PUBLIC SQUARE, CLEVELAND OH 44114
Ross W Manire	director	150 CARLTON AVENUE, GLEN ELLYN IL 20137
Gerard M Anderson	director	ONE ENERGY PLAZA, LEGAL DEPARTMENT, DETROIT MI 48226
Catherine M Kilbane	director
Michael T. Hoelter	officer: Corporate Controller	P.O. BOX 119, MAUMEE OH 43537