Vintage Wine Estates (Vintage Wine Estates) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Vintage Wine Estates 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. Vintage Wine Estates's Cost of Goods Sold for the three months ended in Mar. 2024 was $35.2 Mil. Vintage Wine Estates's Average Total Inventories for the quarter that ended in Mar. 2024 was $144.1 Mil. Vintage Wine Estates's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vintage Wine Estates's Days Inventory for the three months ended in Mar. 2024 was 373.85.

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. Vintage Wine Estates's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.15.

Vintage Wine Estates Inventory Turnover Historical Data

The historical data trend for Vintage Wine Estates'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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Vintage Wine Estates Inventory Turnover Chart

Vintage Wine Estates Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

0.57

0.68

0.98

1.00

Vintage Wine Estates Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.26	0.23	0.24	0.47	0.24

Vintage Wine Estates Inventory Turnover Calculation

Vintage Wine Estates's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	198.052	/ (	(192.922	+	201.363)	/	2 )
=	198.052	/	197.1425
=	1.00

Vintage Wine Estates'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	35.165	/ (	(155.255	+	132.887)	/	2 )
=	35.165	/	144.071
=	0.24

Vintage Wine Estates (NAS:VWE) 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.

Vintage Wine Estates'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
	=	144.071	/	35.165	*	365 / 4
	=	373.85

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.

Vintage Wine Estates'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 )
	=	144.071	/	45.665
	=	3.15

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.

Vintage Wine Estates Inventory Turnover Related Terms

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Vintage Wine Estates (Vintage Wine Estates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Vintage Wine Estates Inc (NAS:VWE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

8HQ:Germany

Address

937 Tahoe Boulevard, Suite 210, Incline Village, NV, USA, 89451

Website

https://www.vintagewineestates.com

Vintage Wine Estates Inc is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California's Central Coast, Oregon, and Washington State.

Executives

Patrick A Roney	director, 10 percent owner, officer: Chief Executive Officer	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Timothy D Proctor	director	301 SOUTH COLLEGE STREET, CHARLOTTE NC 28288-0630
Jonathan Sebastiani	director, other: Member of 10% owner group	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Seth Kaufman	officer: President and CEO	C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BLVD, SUITE 210, INCLINE VILLAGE NV 89451
Bespoke Sponsor Capital Lp	10 percent owner	115 PARK STREET, 3RD FLOOR, LONDON X0 W1K 7AP
Paul S Walsh	director	8 HENRIETTA PLACE, LONDON X0 94111
Zach Long	officer: Chief Operations Officer	C/O VINTAGE WINE ESTATES, INC., 937 TAHOE BOULEVARD, SUITE 210, INCLINE VILLAGE NV 89451
Jon Moramarco	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564
Kristina L Johnston	officer: Chief Financial Officer	937 TAHOE BLVD., SUITE 210, INCLINE VILLAGE NV 89451
Katherine Devillers	officer: Chief Financial Officer	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Terry Wheatley	officer: President	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Harms Mark W.b.	director	937 TAHOE BOULEVARD, INCLINE VILLAGE NV 89451
Berner Robert L Iii	director	C/O CHARTERHOUSE GROUP INTERNATIONAL INC, 535 MADISON AVE, NEW YORK NY 10022
Lisa M. Schnorr	director	C/O GRAHAM CORPORATION, 20 FLORENCE AVENUE, BATAVIA NY 14020
Russell G Joy	officer: Chief Operating Officer	937 TAHOE BOULEVARD, SUITE 10, INCLINE VILLAGE NV 89451