SMPL (The Simply Good Foods Co) Inventory Turnover : 1.81 (As of May. 2024)

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What is The Simply Good Foods Co 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. The Simply Good Foods Co's Cost of Goods Sold for the three months ended in May. 2024 was $201 Mil. The Simply Good Foods Co's Average Total Inventories for the quarter that ended in May. 2024 was $111 Mil. The Simply Good Foods Co's Inventory Turnover for the quarter that ended in May. 2024 was 1.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Simply Good Foods Co's Days Inventory for the three months ended in May. 2024 was 50.29.

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. The Simply Good Foods Co's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.33.

The Simply Good Foods Co Inventory Turnover Historical Data

The historical data trend for The Simply Good Foods Co'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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The Simply Good Foods Co Inventory Turnover Chart

The Simply Good Foods Co Annual Data

Trend

Aug16

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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8.99

10.13

7.62

6.49

6.52

The Simply Good Foods Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Inventory Turnover	Get a 7-Day Free Trial															1.87	1.80	1.61	1.63	1.81

The Simply Good Foods Co Inventory Turnover Calculation

The Simply Good Foods Co's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	789.252	/ (	(125.479	+	116.591)	/	2 )
=	789.252	/	121.035
=	6.52

The Simply Good Foods Co's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

	Inventory Turnover (Q: May. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: May. 2024 )	/ (	(Total Inventories (Q: Feb. 2024 )	+	Total Inventories (Q: May. 2024 ))	/	count )
=	201.131	/ (	(115.785	+	105.921)	/	2 )
=	201.131	/	110.853
=	1.81

The Simply Good Foods Co (NAS:SMPL) 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.

The Simply Good Foods Co's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: May. 2024 )	/	Cost of Goods Sold (Q: May. 2024 )	*	Days in Period
	=	110.853	/	201.131	*	365 / 4
	=	50.29

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.

The Simply Good Foods Co's Inventory to Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: May. 2024 )	/	Revenue (Q: May. 2024 )
	=	110.853	/	334.757
	=	0.33

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.

The Simply Good Foods Co Inventory Turnover Related Terms

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The Simply Good Foods Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Simply Good Foods Co (NAS:SMPL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1225, 17th Street, Suite 1000, Denver, CO, USA, 80202

Website

http://www.thesimplygoodfoodscompany.com

The Simply Good Foods Co is a consumer packaged food and beverage company. It provides low-carbohydrate, high protein bars, shakes, and other products such as confections, chips, and cookies under the Atkins and Quest brands. The company distributes its products in retail channels, predominantly in North America, including grocery, club, and mass merchandise, as well as through e-commerce, convenience, and other channels.

Executives

Heflin Stuart E. Jr.	officer: SVP & General Manager, Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
James D White	director	C/O CAVA GROUP, INC., 202-400-2920 14 RIDGE SQUARE NW, SUITE 5, WASHINGTON DC 20016
Robert G. Montgomery	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Susan Hunsberger	officer: SVP and Chief HR Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Brian K. Ratzan	director	3 GREENWICH OFFICE PARK, 2ND FLOOR, GREENWICH CT 06831
Timothy Richard Kraft	officer: Gen. Counsel & Corp. Secretary	THE SIMPLY GOOD FOODS COMPANY, 1225 17TH STREET, SUITE 1000, DENVER CO 80202
Ryan Thomas	officer: SVP and GM Atkins marketing	1225 17TH ST., SUITE 1000, DENVER CO 80202
Jill M. Short	officer: Chief Customer Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Geoff E Tanner	director, officer: President and COO	ONE STRAWBERRY LANE, ORRVILLE OH 44667
Timothy Allen Matthews	officer: VP, Controller and CAO	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Jeremy Scott Ivie	officer: Chief Product Tech Officer	1225 17TH ST., SUITE 1000, DENVER CO 80202
Linda Zink	officer: Chief Marketing Officer Quest	1225 17TH ST., SUITE 1000, DENVER CO 80202
Joseph Scalzo	director, officer: CEO and President	1225 17TH STREET, SUITE 1000, DENVER CO 80202
Conyers Park Sponsor Llc	director, 10 percent owner	31 WEST 52ND STREET 22ND FLOOR, NEW YORK NY 10019
C Scott Parker	officer: Chief Marketing Officer	1225 17TH STREET, SUITE 1000, DENVER CO 80202