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3D Metal Forge (ASX:3MF) Inventory Turnover : 2.47 (As of Dec. 2021)


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What is 3D Metal Forge 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. 3D Metal Forge's Cost of Goods Sold for the six months ended in Dec. 2021 was A$0.49 Mil. 3D Metal Forge's Average Total Inventories for the quarter that ended in Dec. 2021 was A$0.20 Mil. 3D Metal Forge's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 3D Metal Forge's Days Inventory for the six months ended in Dec. 2021 was 73.90.

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. 3D Metal Forge's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.34.

3D Metal Forge Inventory Turnover Historical Data

The historical data trend for 3D Metal Forge'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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3D Metal Forge Inventory Turnover Chart

3D Metal Forge Annual Data
Trend Dec21
Inventory Turnover
2.96

3D Metal Forge Semi-Annual Data
Jun21 Dec21
Inventory Turnover 4.81 2.47

3D Metal Forge Inventory Turnover Calculation

3D Metal Forge's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: Dec. 2021 )) / count )
=0.911 / (( + 0.308) / 1 )
=0.911 / 0.308
=2.96

3D Metal Forge's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover (Q: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Dec. 2021 )) / count )
=0.489 / ((0.088 + 0.308) / 2 )
=0.489 / 0.198
=2.47

* 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.

3D Metal Forge  (ASX:3MF) 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.

3D Metal Forge's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=0.198/0.489*365 / 2
=73.90

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.

3D Metal Forge's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=0.198 / 0.576
=0.34

* 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.

3D Metal Forge Inventory Turnover Related Terms

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3D Metal Forge (ASX:3MF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » 3D Metal Forge Ltd (ASX:3MF) » Definitions » Inventory Turnover
Comparable Companies
ASX:AL3 SZSE:000039 SHSE:688122 XTER:TKA TPE:2474 SZSE:300850 SZSE:300748 ATI SHSE:601399 SZSE:002541 MLI ARNC SHSE:601106 ESAB SZSE:002487 WOR XBRU:BEKB SZSE:300767 SZSE:301268 SHSE:605123
Traded in Other Exchanges
N/A
Address
16 Ord Street, Ground Floor, West Perth, Perth, WA, AUS, 6005
Website
https://www.3dmetalforge.com
3D Metal Forge Ltd is engaged in the business of providing 3D metal printing solutions and services. Also, the company provides diagnostic analysis, design services, client facility operation, and training services. Its geographical segments include Australia; Singapore and United States. The company generates maximum revenue from Singapore.

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