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Else Nutrition Holdings (TSX:BABY) Inventory Turnover : 0.33 (As of Jun. 2024)


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What is Else Nutrition 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. Else Nutrition Holdings's Cost of Goods Sold for the three months ended in Jun. 2024 was C$2.37 Mil. Else Nutrition Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was C$7.28 Mil. Else Nutrition Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Else Nutrition Holdings's Days Inventory for the three months ended in Jun. 2024 was 280.46.

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. Else Nutrition Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.77.


Else Nutrition Holdings Inventory Turnover Historical Data

The historical data trend for Else Nutrition 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.

* Premium members only.

Else Nutrition Holdings Inventory Turnover Chart

Else Nutrition Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.93 0.76 1.13 1.38 1.43

Else Nutrition Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.22 0.31 0.27 0.33

Else Nutrition Holdings Inventory Turnover Calculation

Else Nutrition 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 )
=9.446 / ((5.91 + 7.258) / 2 )
=9.446 / 6.584
=1.43

Else Nutrition Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count )
=2.367 / ((7.241 + 7.309) / 2 )
=2.367 / 7.275
=0.33

* 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.


Else Nutrition Holdings  (TSX:BABY) 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.

Else Nutrition Holdings's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=7.275/2.367*365 / 4
=280.46

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.

Else Nutrition Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=7.275 / 2.63
=2.77

* 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.


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.


Else Nutrition Holdings Inventory Turnover Related Terms

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Else Nutrition Holdings Business Description

Traded in Other Exchanges
Address
6 Hanechoshet Street, Tel Aviv, ISR, 69710470
Else Nutrition Holdings Inc is an Israel-based food and nutrition company focused on developing clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. The company has developed a revolutionary, plant-based, non-soy alternative to dairy-based formula. The product line of the company includes Baby Snacks, Baby Feeding Accessories, Infant Formula, Toddler Nutrition Products, Children's Nutrition Products, Adult Nutrition Products, and other Complementary Food Products.
Executives
Satwinder Mann Director

Else Nutrition Holdings Headlines