Branchout Food (Branchout Food) Inventory Turnover : 5.20 (As of Mar. 2024)

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What is Branchout Food 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. Branchout Food's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.18 Mil. Branchout Food's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.23 Mil. Branchout Food's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Branchout Food's Days Inventory for the three months ended in Mar. 2024 was 17.55.

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. Branchout Food's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Branchout Food Inventory Turnover Historical Data

The historical data trend for Branchout Food'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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Branchout Food Inventory Turnover Chart

Branchout Food Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.79

4.11

5.07

11.76

Branchout Food Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							0.94	2.64	3.80	4.91	5.20

Branchout Food Inventory Turnover Calculation

Branchout Food'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 )
=	2.922	/ (	(0.16	+	0.337)	/	2 )
=	2.922	/	0.2485
=	11.76

Branchout Food's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.183	/ (	(0.337	+	0.118)	/	2 )
=	1.183	/	0.2275
=	5.20

Branchout Food (NAS:BOF) 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.

Branchout Food'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
	=	0.2275	/	1.183	*	365 / 4
	=	17.55

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.

Branchout Food's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.2275	/	1.467
	=	0.16

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.

Branchout Food Inventory Turnover Related Terms

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Branchout Food (Branchout Food) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Branchout Food inc (NAS:BOF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 SE Davis Avenue, Suite C, Bend, OR, USA, 97702

Website

https://www.branchoutfood.com

Branchout Food inc is an international food-tech company delivering truly extraordinary natural snacks and real superfood ingredients enabled by Its new, licensed dehydration technology. BranchOut licensed the rights to a new dehydration technology designed for drying and processing sensitive fruits and vegetables such as avocados, bananas and others. Its products include BranchOut Snacks, BranchOut Powders and BranchOut Industrial Ingredients.

Executives

John Dalfonsi	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702
Eric Healy	director, officer: CEO	205 SE DAVIS AVE, SUITE C, BEND OR 97702
David Richard Israel	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702
Greg Somerville	director	205 SE DAVIS AVE, SUITE C, BEND OR 97702