Amergent Hospitality Group (Amergent Hospitality Group) Inventory Turnover : 29.08 (As of Dec. 2022)

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What is Amergent Hospitality Group 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. Amergent Hospitality Group's Cost of Goods Sold for the three months ended in Dec. 2022 was $5.28 Mil. Amergent Hospitality Group's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.18 Mil. Amergent Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2022 was 29.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Amergent Hospitality Group's Days Inventory for the three months ended in Dec. 2022 was 3.14.

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. Amergent Hospitality Group's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.04.

Amergent Hospitality Group Inventory Turnover Historical Data

The historical data trend for Amergent Hospitality Group'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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Amergent Hospitality Group Inventory Turnover Chart

Amergent Hospitality Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

100.70

82.37

109.49

126.27

Amergent Hospitality Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial										28.18	27.16	28.77	29.55	29.08

Amergent Hospitality Group Inventory Turnover Calculation

Amergent Hospitality Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	21.466	/ (	(0.182	+	0.158)	/	2 )
=	21.466	/	0.17
=	126.27

Amergent Hospitality Group's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	5.278	/ (	(0.205	+	0.158)	/	2 )
=	5.278	/	0.1815
=	29.08

Amergent Hospitality Group (OTCPK:AMHG) 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.

Amergent Hospitality Group's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.1815	/	5.278	*	365 / 4
	=	3.14

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.

Amergent Hospitality Group's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.1815	/	4.667
	=	0.04

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.

Amergent Hospitality Group Inventory Turnover Related Terms

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Amergent Hospitality Group (Amergent Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Amergent Hospitality Group Inc (OTCPK:AMHG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7529 Red Oak Lane, Charlotte, NC, USA, 28226

Website

https://www.amergenthg.com

Amergent Hospitality Group Inc owns, operates, and franchises restaurant brands. It generates the majority of its revenue from Restaurant sales, followed by Gaming and Franchise income. The company operates only in the United States.

Executives

Mark Anthony Whittle	officer: INTERIM PRESIDENT	1481 N HWY 113, CARROLLTON GA 30117
Michael D Pruitt	director, officer: CHIEF EXECUTIVE OFFICER	11220 ELM LANE, SUITE 203, CHARLOTTE NC 28277
Frederick L Glick	director, officer: PRESIDENT	7621 LITTLE AVE STE 414, CHARLOTTE NC 28226
Stephen J Hoelscher	officer: CFO	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Robert Sumner Hersch	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Mv Amanth Llc	10 percent owner	515 CONGRESS AVE, STE 1400, AUSTIN TX 78701-3516
Oz Rey Llc	10 percent owner	918 CONGRESS AVENUE, SUITE 100, AUSTIN TX 78701
Keith J Johnson	director	56 REDBAY ROAD, ELGIN SC 29045
J Eric Wagoner	director	C/O ALLIANCE BANKSHARES CORPORATION, 14200 PARK MEADOW DRIVE, SUITE 200 SOUTH, CHANTILLY VA 20151
Neil G Kiefer	director	7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Patrick Clay Harkleroad	officer: CHIEF FINANCIAL OFFICER	7621 LITTLE AVE, SUITE 414, CHARLOTTE NC 28226