GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » Inventory Turnover

Tortilla Mexican Grill (LSE:MEX) Inventory Turnover : 19.97 (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Tortilla Mexican Grill 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. Tortilla Mexican Grill's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.35 Mil. Tortilla Mexican Grill's Average Total Inventories for the quarter that ended in Dec. 2023 was £0.37 Mil. Tortilla Mexican Grill's Inventory Turnover for the quarter that ended in Dec. 2023 was 19.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tortilla Mexican Grill's Days Inventory for the six months ended in Dec. 2023 was 9.14.

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. Tortilla Mexican Grill's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Tortilla Mexican Grill Inventory Turnover Historical Data

The historical data trend for Tortilla Mexican Grill'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.

* Premium members only.

Tortilla Mexican Grill Inventory Turnover Chart

Tortilla Mexican Grill Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 39.82 25.44 34.62 37.63 39.37

Tortilla Mexican Grill Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.50 16.08 17.67 19.47 19.97

Tortilla Mexican Grill Inventory Turnover Calculation

Tortilla Mexican Grill'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 )
=14.883 / ((0.397 + 0.359) / 2 )
=14.883 / 0.378
=39.37

Tortilla Mexican Grill'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: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=7.349 / ((0.377 + 0.359) / 2 )
=7.349 / 0.368
=19.97

* 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.

Tortilla Mexican Grill  (LSE:MEX) 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.

Tortilla Mexican Grill's Days Inventory for the six 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
=0.368/7.349*365 / 2
=9.14

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.

Tortilla Mexican Grill'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 )
=0.368 / 32.929
=0.01

* 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.

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.

Tortilla Mexican Grill Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tortilla Mexican Grill's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tortilla Mexican Grill (LSE:MEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tortilla Mexican Grill PLC (LSE:MEX) » Definitions » Inventory Turnover
Comparable Companies
LSE:MORE LSE:VARE LSE:PIER LSE:NGHT LSE:HVT LSE:COM LSE:RBG LSE:TAST LSE:DVT LSE:DPP MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN TSX:QSR YUMC DRI HKSE:06862
Traded in Other Exchanges
73D:Germany
Address
142-144 New Cavendish Street, 1st Floor, Evelyn House, London, GBR, W1W 6YF
Website
https://www.tortilla.co.uk
Tortilla Mexican Grill PLC is a casual Mexican restaurant group in the UK specialising in the sale both on-site and through its delivery channel of freshly made Californian inspired Mexican cuisine.

Tortilla Mexican Grill (LSE:MEX) Headlines

No Headlines