Sonic's change in inventory for the quarter that ended in Aug. 2018 was $0.0 Mil. It means Sonic's inventory
stayed the same
from May. 2018 to Aug. 2018 .
Sonic's change in inventory for the fiscal year that ended in Aug. 2018 was $0.0 Mil. It means Sonic's inventory
stayed the same
from Aug. 2017 to Aug. 2018 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic's Days Inventory for the quarter that ended in Aug. 2018 was 0.95.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sonic's Inventory Turnover for the quarter that ended in Aug. 2018 was 95.82.
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.
Sonic's Inventory-to-Revenue for the quarter that ended in Aug. 2018 was 0.01.
Sonic Change In Inventory Historical Data
The historical data trend for Sonic's Change In Inventory 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.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Aug. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.
* 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.
Sonic (NAS:SONC) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic's Days Inventory for the quarter that ended in is calculated as:
3. 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.
Sonic's Inventory to Revenue for the quarter that ended in Aug. 2018 is calculated as
* 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.
Sonic Change In Inventory Related Terms
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Sonic Corp operates and franchises drive-in restaurants throughout the United States. The restaurants typically consist of a building that houses only a kitchen to go along with 16 to 24 parking spaces that have their own payment terminals, intercom speakers, and menu boards. Carhops serve customers in their cars. Many locations also have a drive-thru lane and patio seating as alternatives. Sonic franchises roughly 90% of its restaurants, and the royalty revenue the company earns on franchise sales contributes roughly a quarter of total company revenue. Company-operated stores provide the balance of total revenue. Sonic owns the property on which hundreds of its restaurants are located. For those properties that house franchised stores, franchisees lease from the company.
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