Sovos Brands (Sovos Brands) Change In Inventory : $-6 Mil (TTM As of Dec. 2023)

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What is Sovos Brands Change In Inventory?

Sovos Brands's change in inventory for the quarter that ended in Dec. 2023 was $-16 Mil. It means Sovos Brands's inventory increased by $16 Mil from Sep. 2023 to Dec. 2023 .

Sovos Brands's change in inventory for the fiscal year that ended in Dec. 2023 was $-6 Mil. It means Sovos Brands's inventory increased by $6 Mil from Dec. 2022 to Dec. 2023 .

Sovos Brands's Total Inventories for the quarter that ended in Dec. 2023 was $96 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sovos Brands's Days Inventory for the quarter that ended in Dec. 2023 was 39.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sovos Brands's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.32.

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. Sovos Brands's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Sovos Brands Change In Inventory Historical Data

The historical data trend for Sovos Brands's Change In Inventory 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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Sovos Brands Change In Inventory Chart

Sovos Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-6.18

-6.91

-5.45

-48.89

-6.22

Sovos Brands Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial											-14.07	5.04	-21.87	26.14	-15.53

Sovos Brands Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6 Mil.

Sovos Brands (NAS:SOVO) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sovos Brands's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	88.072	/	204.577	*	365 / 4
	=	39.28

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	204.577	/	88.072
	=	2.32

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	88.072	/	292.051
	=	0.30

Sovos Brands Change In Inventory Related Terms

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Sovos Brands (Sovos Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sovos Brands Inc (NAS:SOVO) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Centennial Parkway, Suite 200, Louisville, CO, USA, 80027

Website

https://www.sovosbrands.com

Sovos Brands Inc is a food company in the United States. Its brands are Rao's, noosa, Birch Benders, and Michael Angelo's. Its Rao's products include our Rao's Homemade pasta sauces (including tomato-based sauces, Alfredo sauces, and Pesto sauces), pizza sauces, and dry pasta; Rao's Homestyle meat-based pasta sauces; and Rao's Made for Home frozen entrees and soups.

Executives

Todd R Lachman	director, officer: President and CEO
Isobel A Jones	officer: CLO, GC and Secretary	C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Christopher W. Hall	officer: Chief Financial Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Katie Gvazdinskas	officer: Chief Human Resources Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Kirk A. Jensen	officer: Chief Supply Chain Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Risa Cretella	officer: Executive Vice President	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Lisa Y. O'driscoll	officer: Chief Administrative Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Yuri Hermida	officer: Chief Growth Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Jefferson M Case	director	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Neha Mathur	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Robert L Graves	director	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Wendy K. Behr	officer: Chief R&D Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Priscilla Tuan	officer: Chief Marketing Officer	C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027