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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. Karat Packaging's Average Total Inventories for the quarter that ended in Mar. 2024 was $75.4 Mil. Karat Packaging's Revenue for the three months ended in Mar. 2024 was $95.6 Mil. Karat Packaging's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.
Karat Packaging's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.75) to Dec. 2023 (0.79)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueDays Inventory indicates the number of days of goods in sales that a company has in the inventory. Karat Packaging's Days Inventory for the three months ended in Mar. 2024 was 118.60.
Inventory Turnover measures how fast the company turns over its inventory within a year. Karat Packaging's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.77.
The historical data trend for Karat Packaging's Inventory-to-Revenue 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.
Karat Packaging Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.14 | 0.14 | 0.15 | 0.15 | 0.18 |
Karat Packaging Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.74 | 0.68 | 0.70 | 0.75 | 0.79 |
For the Packaging & Containers subindustry, Karat Packaging's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Packaging & Containers industry and Consumer Cyclical sector, Karat Packaging's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Karat Packaging's Inventory-to-Revenue falls into.
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.
Karat Packaging's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
Inventory-to-Revenue (A: Dec. 2023 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Revenue (A: Dec. 2023 ) |
= | ( (71.206 | + | 71.528) | / | 2 ) | / | 405.651 |
= | 71.367 | / | 405.651 | ||||
= | 0.18 |
Karat Packaging's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue (Q: Mar. 2024 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Revenue (Q: Mar. 2024 ) |
= | ( (71.528 | + | 79.272) | / | 2 ) | / | 95.613 |
= | 75.4 | / | 95.613 | ||||
= | 0.79 |
* 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.
Karat Packaging (NAS:KRT) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueLikewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenueMore Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Karat Packaging'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 |
= | 75.4 | / | 58.011 | * | 365 / 4 | |
= | 118.60 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
Karat Packaging's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 58.011 | / | 75.4 | |
= | 0.77 |
* 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.
Thank you for viewing the detailed overview of Karat Packaging's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Wang Joanne Tzu Jung | officer: Chief Operating Officer | 6185 KIMBALL AVE., CHINO CA 91708 |
Daniel Quire | officer: Chief Revenue Officer | 6185 KIMBALL AVENUE, CHINO CA 91708 |
Marvin Cheng | officer: VP-Manufacturing, Secy | 6185 KIMBALL AVE., CHINO CA 91708 |
Alan Yu | director, 10 percent owner, officer: CEO and Chairman of the BOD | 6185 KIMBALL AVE., CHINO CA 91708 |
Jian Guo | officer: Chief Financial Officer | 6185 KIMBALL AVENUE, CHINO CA 91708 |
Eve Yen | director | 4651 SCHAEFER AVENUE, CHINO CA 91710 |
Peter Lee | officer: Interim CFO | 6185 KIMBALL AVENUE, CHINO CA 91708 |
Ann T Sabahat | officer: Chief Financial Officer | 11 MUSICK, IRVINE CA 92618 |
Paul Y Chen | director | 9660 FLAIR DR, STE 300, EL MONTE CA 91731 |
Eric K Chen | director | 6330 SPRING MOUNTAIN RD, STE D, LAS VEGAS NV 89146 |
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