Bio Planet (WAR:BIP) Inventory Turnover : 2.36 (As of Mar. 2024)

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What is Bio Planet 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. Bio Planet's Cost of Goods Sold for the three months ended in Mar. 2024 was zł54.3 Mil. Bio Planet's Average Total Inventories for the quarter that ended in Mar. 2024 was zł23.0 Mil. Bio Planet's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bio Planet's Days Inventory for the three months ended in Mar. 2024 was 38.63.

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. Bio Planet's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Bio Planet Inventory Turnover Historical Data

The historical data trend for Bio Planet'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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Bio Planet Inventory Turnover Chart

Bio Planet Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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9.24

9.71

11.70

11.40

8.60

Bio Planet Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.75	2.31	1.82	1.75	2.36

Bio Planet Inventory Turnover Calculation

Bio Planet's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	150.088	/ (	(15.737	+	19.161)	/	2 )
=	150.088	/	17.449
=	8.60

Bio Planet's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	54.299	/ (	(22.567	+	23.402)	/	2 )
=	54.299	/	22.9845
=	2.36

Bio Planet (WAR:BIP) 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.

Bio Planet's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	22.9845	/	54.299	*	365 / 4
	=	38.63

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.

Bio Planet's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	22.9845	/	76.331
	=	0.30

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.

Bio Planet Inventory Turnover Related Terms

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Bio Planet (WAR:BIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bio Planet SA (WAR:BIP) » Definitions » Inventory Turnover

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8WS:Germany

Address

Fabryczna 9B, Leszno, POL, 05-084

Website

http://www.bioplanet.pl

Bio Planet SA is a producer and distributor of organic food under its own brand Bio Planet. It also develops the department of organic foodservice packaging (private label). The product offerings of the company include Marmalades, Proteins, Sauces, Legumes, Vegetables, Sausages and Spices and Herbs among others.