The Hain Celestial Group (LTS:0J2I) Inventory Turnover : 1.19 (As of Mar. 2024)

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What is The Hain Celestial 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. The Hain Celestial Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $342 Mil. The Hain Celestial Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $288 Mil. The Hain Celestial Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Hain Celestial Group's Days Inventory for the three months ended in Mar. 2024 was 77.00.

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. The Hain Celestial Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

The Hain Celestial Group Inventory Turnover Historical Data

The historical data trend for The Hain Celestial 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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The Hain Celestial Group Inventory Turnover Chart

The Hain Celestial Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.94

5.80

5.54

4.94

4.53

The Hain Celestial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.12	1.11	1.09	1.16	1.19

The Hain Celestial Group Inventory Turnover Calculation

The Hain Celestial Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	1400.229	/ (	(308.034	+	310.341)	/	2 )
=	1400.229	/	309.1875
=	4.53

The Hain Celestial Group'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 )
=	341.687	/ (	(295.276	+	281.399)	/	2 )
=	341.687	/	288.3375
=	1.19

The Hain Celestial Group (LTS:0J2I) 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.

The Hain Celestial Group'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
	=	288.3375	/	341.687	*	365 / 4
	=	77.00

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.

The Hain Celestial Group'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 )
	=	288.3375	/	438.358
	=	0.66

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.

The Hain Celestial Group Inventory Turnover Related Terms

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The Hain Celestial Group (LTS:0J2I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Hain Celestial Group Inc (LTS:0J2I) » Definitions » Inventory Turnover

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Traded in Other Exchanges

HAIN:USA HF1:Germany HF1:Germany

Address

4600 Sleepytime Drive, Co, Boulder, DE, USA, 80301

Website

https://www.hain.com

The Hain Celestial Group Inc makes better-for-you natural and organic food and personal-care products. Some of the company's majority-recognized U.S. brands (55% of fiscal 2022 sales) are Celestial Seasonings, Terra, Garden of Eatin', Sensible Portions, Greek Gods yogurt, and Earth's baby food. Hain also maintains several brands in the U.K. (26% of sales), such as Ella's Kitchen baby food, New Covent Garden soup, Linda McCartney's plant-based meats, Sun-Pat nut butter, and Hartley's jams and gelatins. Its products can be found in traditional grocery stores, natural foods supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.

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