Annie′s (FRA:ANX) Inventory Turnover : 1.35 (As of Jun. 2014)

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What is Annie′s 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. Annie′s's Cost of Goods Sold for the three months ended in Jun. 2014 was €22.9 Mil. Annie′s's Average Total Inventories for the quarter that ended in Jun. 2014 was €16.9 Mil. Annie′s's Inventory Turnover for the quarter that ended in Jun. 2014 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Annie′s's Days Inventory for the three months ended in Jun. 2014 was 67.38.

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. Annie′s's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.53.

Annie′s Inventory Turnover Historical Data

The historical data trend for Annie′s'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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Annie′s Inventory Turnover Chart

Annie′s Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Inventory Turnover

7.80

7.97

8.90

8.32

7.41

Annie′s Quarterly Data
	Mar11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Inventory Turnover	Get a 7-Day Free Trial								1.43	2.04	1.36	1.88	1.35

Annie′s Inventory Turnover Calculation

Annie′s's Inventory Turnover for the fiscal year that ended in Mar. 2014 is calculated as

	Inventory Turnover (A: Mar. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2014 )	/ (	(Total Inventories (A: Mar. 2013 )	+	Total Inventories (A: Mar. 2014 ))	/	count )
=	92.887	/ (	(11.693	+	13.368)	/	2 )
=	92.887	/	12.5305
=	7.41

Annie′s's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	22.867	/ (	(13.368	+	20.401)	/	2 )
=	22.867	/	16.8845
=	1.35

Annie′s (FRA:ANX) 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.

Annie′s's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	16.8845	/	22.867	*	365 / 4
	=	67.38

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.

Annie′s's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	16.8845	/	31.867
	=	0.53

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.

Annie′s Inventory Turnover Related Terms

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Annie′s (FRA:ANX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Annie′s Inc (FRA:ANX) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.annies.com

Annie's Inc is engaged in the production, marketing, and distribution of natural and organic food products. Its product line comprise of meals, snacks, dressings, condiments, and other products.

Annie′s (FRA:ANX) Headlines

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