Motorcar Parts of America (Motorcar Parts of America) Inventory Turnover : 0.37 (As of Dec. 2023)

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What is Motorcar Parts of America 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. Motorcar Parts of America's Cost of Goods Sold for the three months ended in Dec. 2023 was $141.8 Mil. Motorcar Parts of America's Average Total Inventories for the quarter that ended in Dec. 2023 was $380.1 Mil. Motorcar Parts of America's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Motorcar Parts of America's Days Inventory for the three months ended in Dec. 2023 was 244.56.

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. Motorcar Parts of America's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.21.

Motorcar Parts of America Inventory Turnover Historical Data

The historical data trend for Motorcar Parts of America'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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Motorcar Parts of America Inventory Turnover Chart

Motorcar Parts of America Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.87

1.75

1.60

1.55

1.53

Motorcar Parts of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.33	0.42	0.37	0.43	0.37

Motorcar Parts of America Inventory Turnover Calculation

Motorcar Parts of America's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	569.112	/ (	(385.504	+	356.254)	/	2 )
=	569.112	/	370.879
=	1.53

Motorcar Parts of America'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	141.819	/ (	(366.405	+	393.777)	/	2 )
=	141.819	/	380.091
=	0.37

Motorcar Parts of America (NAS:MPAA) 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.

Motorcar Parts of America's Days Inventory for the three 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
	=	380.091	/	141.819	*	365 / 4
	=	244.56

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.

Motorcar Parts of America'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 )
	=	380.091	/	171.862
	=	2.21

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.

Motorcar Parts of America Inventory Turnover Related Terms

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Motorcar Parts of America (Motorcar Parts of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcar Parts of America Inc (NAS:MPAA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

54M:Germany

Address

2929 California Street, Torrance, CA, USA, 90503

Website

https://www.motorcarparts.com

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

Executives

Rudolph J Borneo	director	50 O'FARRELL STREET, SAN FRANCISCO CA 94108
David Bryan	director	605 STAPP ROAD, BOULDER CREEK CA 95006
Bison Capital Partners Vi, L.p.	director	233 WILSHIRE BOULEVARD, SUITE 425, SANTA MONICA CA 90401
Bison Capital Partners Vi-a, L.p.	director	233 WILSHIRE BOULEVARD, SUITE 425, SANTA MONICA CA 90401
Douglas B Trussler	director	39 EAST UNION STREET, PASADENA CA 91103
Richard K Mochulsky	officer: Vice President, Sales	2929 CALIFORNIA STREET, TORRANCE CA 90505
Joseph Edwin Ferguson	director	5103 SOUTH GARTH AVENUE, LOS ANGELES CA 90056
Joffe Selwyn	director, officer: President, CEO & Chairman
Kamlesh Shah	officer: Chief Accounting Officer	C/O MOTORCAR PARTS OF AMERICA, INC., 2929 CALIFORNIA STREET, TORRANCE CA 90503
David Sung Lee	officer: CFO	2929 CALIFORNIA STREET, TORRANCE CA 90503
Patricia W Warfield	director	2929 CALIFORNIA STREET, TORRANCE CA 90503
Duane Franklin Miller	director	7811 FIELDSTONE RIDGE, CLARKSTON MI 48348
Jamy P. Rankin	director	C/O MOTOR CAR PARTS OF AMERICA, INC., 2929 CALIFORNIA STREET, TORRANCE CA 90503
Philip Gay	director	6300 CANOGA AVENUE, SUITE 1700, WOODLAND HILLS CA 91367
Juliet Lynn Stone	officer: VP, Gen Counsel and Secretary	C/O MOTORCAR PARTS OF AMERICA, INC., 2020 CALIFORNIA STREET, TORRANCE CA 90503