Various Eateries (LSE:VARE) Inventory Turnover : 23.86 (As of Sep. 2023)

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What is Various Eateries 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. Various Eateries's Cost of Goods Sold for the six months ended in Sep. 2023 was £23.58 Mil. Various Eateries's Average Total Inventories for the quarter that ended in Sep. 2023 was £0.99 Mil. Various Eateries's Inventory Turnover for the quarter that ended in Sep. 2023 was 23.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Various Eateries's Days Inventory for the six months ended in Sep. 2023 was 7.65.

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. Various Eateries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Various Eateries Inventory Turnover Historical Data

The historical data trend for Various Eateries'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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Various Eateries Inventory Turnover Chart

Various Eateries Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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44.44

36.80

43.78

54.64

46.23

Various Eateries Semi-Annual Data
	Sep17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial							29.78	27.60	28.92	23.45	23.86

Various Eateries Inventory Turnover Calculation

Various Eateries's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	43.597	/ (	(0.808	+	1.078)	/	2 )
=	43.597	/	0.943
=	46.23

Various Eateries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	23.584	/ (	(0.899	+	1.078)	/	2 )
=	23.584	/	0.9885
=	23.86

Various Eateries (LSE:VARE) 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.

Various Eateries's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.9885	/	23.584	*	365 / 2
	=	7.65

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.

Various Eateries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.9885	/	24.917
	=	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.

Various Eateries Inventory Turnover Related Terms

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Various Eateries (LSE:VARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Various Eateries PLC (LSE:VARE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Saint Thomas Street, Runway East, London, GBR, SE1 9RS

Website

http://www.variouseateries.co.uk

Various Eateries PLC owns, develops, and operates restaurant sites in the United Kingdom. The company operates two core brands; Coppa Club, a multi-use, all-day concept that combines a restaurant, terrace, cafe, lounge, bar, and workspaces; and Tavolino, a restaurant aiming to address a gap in the market for high-quality Italian food at mid-market prices. The company has two operating segments; the Restaurant Segment, and the Hotel Segment, out of which a majority of the company's revenue is derived from the Restaurant Segment.

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