Sovos Brands Inc (SOVO) Inventory Turnover Ratio, from fourth quarter 2023 to fourth quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Sovos Brands Inc  (NASDAQ: SOVO)
 

Sovos Brands Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Sovos Brands Inc inventory turnover ratio, the Sovos Brands Inc's ability to sell and replace its inventory in the fourth quarter 2023, sequentially increased to 7.71 in the fourth quarter 2023, yet the ratio remained below the average, as SOVO's market remain challenging.Average inventory processing period, for the Sovos Brands Inc in Dec 30 2023 quarter, has decreased to 47 days, compare to 48 days, in the Sep 30 2023 quarter.

Within Consumer Non Cyclical sector 40 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the IV Quarter 2023, to 263, from total ranking in the third quarter 2023 at 317.

SOVO Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Sovos Brands Inc Market Share?

What is Inventory Turnover Ratio?



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SOVO Inventory Turnover Ratio (Dec 30 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jul 01 2023)
II. Quarter		 (Apr 01 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 3.15 % -4.11 % 40.36 % 73.95 % 79.41 %
Y / Y Cost of Sales Growth 10.12 % 23.05 % 2.52 % 16.63 % 44.46 %
Inventory Turnover Ratio (TTM) 7.71 7.57 7.13 7.74 8.33
SOVO's Total Ranking # 263 # 317 # 404 # 411 # 462
Average inventory processing period 47 48 51 47 44
Seq. Inventory Growth 18.46 % -25.03 % 24.01 % -6.34 % 10.13 %
Seq. Cost of Sales Growth 13.27 % 23.97 % -19.77 % -2.26 % 26.58 %




Inventory Turnover Ratio Company Ranking
Within: No.
Food Processing Industry # 17
Consumer Non Cyclical Sector # 41
Overall Market # 263

Inventory Turnover Ratio Statistics
High Average Low
9.33 8.04 7.13
(Jun 25 2022)   (Jul 01 2023)



SOVO Company Profile >> Back to SOVO Efficiency Comparisons >> Compare SOVO Inventory Turnover Ratio to its Competitors

Financial Statements
Sovos Brands Inc's Inventories $ 96 Millions Visit SOVO's Balance sheet
Sovos Brands Inc's Cost of Revenues TTM $ 714 Millions Visit SOVO's Income Statement
What are SOVO's Sales? Visit SOVO's Sales by Segment

Other Inventory Turnover Ratios
Sovos Brands Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Food Processing Industry Inventory Turnover Trends and Statistics
Consumer Non Cyclical Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
SOVO's Inventory Turnover Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for SOVO's Competitors
Inventory Turnover Ratio for SOVO's Suppliers
Inventory Turnover Ratio for SOVO's Customers

You may also want to know
SOVO's Sales Growth Rates SOVO's Pe Price to earnings ratio SOVO's Receivables Turnover Ratio SOVO's Stock Quote
SOVO's Net Income Growth Rates SOVO's Ps Price to Sales ratio SOVO's Sales per Employee SOVO's Asset Turnover Ratio
SOVO's Net Margin SOVO's Pb Price to Book ratio SOVO's Financial Strength Ratios SOVO's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 30 2023, within Consumer Non Cyclical Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 30 2023 Inventories at quarter ending Dec 30 2023
Nightfood Holdings Inc   20.09 $ 5.567  Millions$ 0  Millions
Calavo Growers Inc  20.02 $ 804.228  Millions$ 40  Millions
Edible Garden Ag Incorporated  19.37 $ 13.227  Millions$ 1  Millions
Ispire Technology Inc  19.02 $ 165.815  Millions$ 9  Millions
Fresh Del Monte Produce Inc  18.22 $ 3,970.000  Millions$ 218  Millions
Chase General Corp  16.73 $ 2.589  Millions$ 0  Millions
Cea Industries Inc   16.55 $ 6.000  Millions$ 0  Millions
Flowers Foods Inc  14.45 $ 2,632.136  Millions$ 182  Millions
Brewbilt Brewing Company  12.85 $ 0.506  Millions$ 0  Millions
Lifeway Foods Inc   12.52 $ 117.000  Millions$ 9  Millions
Coca cola Consolidated Inc   12.35 $ 4,056.631  Millions$ 328  Millions
Cf Industries Holdings inc   11.96 $ 4,086.000  Millions$ 342  Millions
Andersons Inc   11.93 $ 14,004.749  Millions$ 1,173  Millions
Benson Hill Inc   11.73 $ 449.000  Millions$ 38  Millions
Chs Inc   11.55 $ 42,072.739  Millions$ 3,642  Millions
Tootsie Roll Industries Inc  11.22 $ 512.000  Millions$ 46  Millions
Mission Produce Inc   11.01 $ 895.500  Millions$ 81  Millions
Universal Corporation  10.69 $ 2,165.086  Millions$ 203  Millions
Vector Group Ltd  10.15 $ 965.348  Millions$ 95  Millions
Tyson Foods Inc   9.47 $ 50,454.000  Millions$ 5,328  Millions
Primo Water Corp  9.17 $ 832.800  Millions$ 91  Millions
The Marzetti Company  8.92 $ 1,447.226  Millions$ 162  Millions
22nd Century Group inc   8.60 $ 97.027  Millions$ 11  Millions
Utz Brands Inc   8.40 $ 981.000  Millions$ 117  Millions
Vital Farms Inc   8.40 $ 309.000  Millions$ 37  Millions
National Beverage Corp   8.25 $ 759.238  Millions$ 92  Millions
Freshpet Inc   8.13 $ 516.000  Millions$ 63  Millions
The Boston Beer Company Inc   8.10 $ 1,156.256  Millions$ 143  Millions
Pilgrim s Pride Corporation  8.07 $ 16,243.000  Millions$ 2,013  Millions
Nutra Pharma Corp   8.02 $ 0.216  Millions$ 0  Millions

Date modified: 2026-09-08T15:11:11+00:00




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