Bakkavor Group (LSE:BAKK) Inventory Turnover : 10.78 (As of Dec. 2023)

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What is Bakkavor Group 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. Bakkavor Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £812 Mil. Bakkavor Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £75 Mil. Bakkavor Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bakkavor Group's Days Inventory for the six months ended in Dec. 2023 was 16.94.

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. Bakkavor Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

Bakkavor Group Inventory Turnover Historical Data

The historical data trend for Bakkavor Group'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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Bakkavor Group Inventory Turnover Chart

Bakkavor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.64

19.96

19.78

20.08

20.50

Bakkavor Group Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											10.69	9.78	10.07	9.69	10.78

Bakkavor Group Inventory Turnover Calculation

Bakkavor Group'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 )
=	1614.4	/ (	(86.2	+	71.3)	/	2 )
=	1614.4	/	78.75
=	20.50

Bakkavor Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	811.9	/ (	(79.4	+	71.3)	/	2 )
=	811.9	/	75.35
=	10.78

Bakkavor Group (LSE:BAKK) 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.

Bakkavor Group's Days Inventory for the six 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
	=	75.35	/	811.9	*	365 / 2
	=	16.94

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.

Bakkavor Group'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 )
	=	75.35	/	1113.4
	=	0.07

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.

Bakkavor Group Inventory Turnover Related Terms

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Bakkavor Group (LSE:BAKK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bakkavor Group PLC (LSE:BAKK) » Definitions » Inventory Turnover

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BAKKl:UK

Address

8 Mortimer Street, Fitzroy Place, 5th Floor, London, GBR, W1T 3JJ

Website

https://www.bakkavor.com

Bakkavor Group PLC manufactures and markets a wide variety of freshly prepared food, covering a range of categories including meals, desserts, pizza & bread and salads. Some of its other products include soups & sauces, bread & dips, food-to-go, salads, fresh-cut salads, sandwiches & wraps, and bakery products. Its customers include grocery retailers as well as international food brands. Its geographical segments are the United Kingdom, United States, and China, of which the most of its revenue comes from the United Kingdom.

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