Biglari Holdings (Biglari Holdings) Inventory Turnover : 16.18 (As of Dec. 2023)

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What is Biglari Holdings Inventory Turnover?

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. Biglari Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $52.1 Mil. Biglari Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.2 Mil. Biglari Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 16.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Biglari Holdings's Days Inventory for the three months ended in Dec. 2023 was 5.64.

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. Biglari Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Biglari Holdings Inventory Turnover Historical Data

The historical data trend for Biglari Holdings'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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Biglari Holdings Inventory Turnover Chart

Biglari Holdings Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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87.41

80.08

68.30

56.30

61.47

Biglari Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															14.15	13.59	14.20	15.31	16.18

Biglari Holdings Inventory Turnover Calculation

Biglari Holdings'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 )
=	209.962	/ (	(3.851	+	2.98)	/	2 )
=	209.962	/	3.4155
=	61.47

Biglari Holdings'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 )
=	52.082	/ (	(3.457	+	2.98)	/	2 )
=	52.082	/	3.2185
=	16.18

Biglari Holdings (NYSE:BH) 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.

Biglari Holdings'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
	=	3.2185	/	52.082	*	365 / 4
	=	5.64

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.

Biglari Holdings'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 )
	=	3.2185	/	90.665
	=	0.04

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.

Biglari Holdings Inventory Turnover Related Terms

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Biglari Holdings (Biglari Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Biglari Holdings Inc (NYSE:BH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BH.A:USA SQ7B:Germany

Address

19100 Ridgewood Parkway, Suite 1200, San Antonio, TX, USA, 78259

Website

http://www.biglariholdings.com

Biglari Holdings Inc is a holding company that owns subsidiaries in a range of businesses. The company's reportable segments include Restaurant Operations, Insurance Operations, Oil and Gas Operations, and Maxim. The majority of revenue is derived from the Restaurant Operations segment. The Restaurant Operations segment includes Steak n Shake and Western Sizzlin Restaurant businesses.

Executives

Sardar Biglari,	director, 10 percent owner, officer: Chairman and CEO	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
John Garrett Cardwell	director	17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Campbell Edmund B Iii	director	C/O BIGLARI HOLDINGS INC., 17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Lion Fund Ii, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Lion Fund, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259