Krispy Kreme (Krispy Kreme) Inventory Turnover : 3.24 (As of Dec. 2023)

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What is Krispy Kreme 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. Krispy Kreme's Cost of Goods Sold for the three months ended in Dec. 2023 was $113 Mil. Krispy Kreme's Average Total Inventories for the quarter that ended in Dec. 2023 was $35 Mil. Krispy Kreme's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Krispy Kreme's Days Inventory for the three months ended in Dec. 2023 was 28.19.

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. Krispy Kreme's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Krispy Kreme Inventory Turnover Historical Data

The historical data trend for Krispy Kreme'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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Krispy Kreme Inventory Turnover Chart

Krispy Kreme Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.61

10.18

9.65

10.02

10.95

Krispy Kreme Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial													2.23	2.85	3.16	2.94	3.24

Krispy Kreme Inventory Turnover Calculation

Krispy Kreme'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 )
=	443.243	/ (	(46.239	+	34.716)	/	2 )
=	443.243	/	40.4775
=	10.95

Krispy Kreme's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	112.951	/ (	(35.063	+	34.716)	/	2 )
=	112.951	/	34.8895
=	3.24

Krispy Kreme (NAS:DNUT) 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.

Krispy Kreme's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	34.8895	/	112.951	*	365 / 4
	=	28.19

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.

Krispy Kreme's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	34.8895	/	450.905
	=	0.08

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.

Krispy Kreme Inventory Turnover Related Terms

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Krispy Kreme (Krispy Kreme) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Krispy Kreme Inc (NAS:DNUT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

9YM:Germany

Address

2116 Hawkins Street, Charlotte, NC, USA, 28203

Website

https://www.krispykreme.com

Krispy Kreme Inc is a sweet treat brands company. The company's Original Glazed doughnut is recognized for its hot-off-the-line, melt-in- your-mouth experience. It operates in 30 countries through its network of fresh Doughnut Shops, partnerships with retailers, and a growing ecommerce and delivery business. The company conducts its business through the following three reported segments namely U.S. and Canada, includes all operations in the U.S. and Canada, Insomnia Cookies shops, and the Branded Sweet Treat Line; International includes operations in the U.K., Ireland, Australia, New Zealand, and Mexico; and Market Development includes franchise operations across the globe, as well as operations in Japan.

Executives

Raphael Duvivier	officer: Chief Development Officer	2116 HAWKINS STREET, CHARLOTTE NC 28203
Kelly P Mcbride	officer: Chief Accounting Officer	2116 HAWKINS STREET, CHARLOTTE NC 28203
Jeremiah Ashukian	officer: EVP & Chief Financial Officer	2116 HAWKINS STREET, CHARLOTTE NC 28203
Philip Telfer	director	356 STATE STREET, EAST ALBURY C3 NSW 2640
Michael J. Tattersfield	director, officer: President and CEO	2285 CLARK DRIVE, VANCOUVER A1 V5N 3G9
Gerhard W. Pleuhs	director	C/O KRAFT FOODS INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Marissa Andrada	director	C/O KATE SPADE & COMPANY 2 PARK AVENUE, NEW YORK NY 10016
Jab Indulgence B.v.	10 percent owner	14TH FLOOR, 20 EASTBOURNE TERRACE, LONDON X0 W2 6LG
Olivier Goudet	director, other: Chairman of the Board	350 FIFTH AVENUE, NEW YORK NY 10118
Jab Holdings B.v.	10 percent owner	PIET HEINKADE 55, AMSTERDAM P7 NL 1019 GM
Debbie Sharell Roberts	director	204 W. 59TH STREET, BURR RIDGE IL 60527
Patricia Capel	director	C/O KRISPY KREME, INC., 2116 HAWKINS STREET, CHARLOTTE NC 28203
Josh Charlesworth	officer: COO and CFO	C/O KRISPY KREME, INC., 2116 HAWKINS STREET, CHARLOTTE NC 28203
David J. Deno	director	111 4TH AVENUE NORTH #503, MINNEAPOLIS MN 55402
Andrew G Skehan	officer: North America President	5555 GLENRIDGE CONNECTOR, NE, SUITE 300, ATLANTA GA 30342