MC Mining (ASX:MCM) Inventory Turnover : 8.52 (As of Dec. 2023)

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What is MC Mining 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. MC Mining's Cost of Goods Sold for the six months ended in Dec. 2023 was A$36.07 Mil. MC Mining's Average Total Inventories for the quarter that ended in Dec. 2023 was A$4.24 Mil. MC Mining's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MC Mining's Days Inventory for the six months ended in Dec. 2023 was 21.43.

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. MC Mining's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.

MC Mining Inventory Turnover Historical Data

The historical data trend for MC Mining'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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MC Mining Inventory Turnover Chart

MC Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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29.56

17.04

19.68

8.06

9.89

MC Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															9.88	3.45	1.81	5.65	8.52

MC Mining Inventory Turnover Calculation

MC Mining'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 )
=	61.402	/ (	(6.325	+	6.091)	/	2 )
=	61.402	/	6.208
=	9.89

MC Mining'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 )
=	36.072	/ (	(6.091	+	2.38)	/	2 )
=	36.072	/	4.2355
=	8.52

MC Mining (ASX:MCM) 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.

MC Mining'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
	=	4.2355	/	36.072	*	365 / 2
	=	21.43

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.

MC Mining'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 )
	=	4.2355	/	37.68
	=	0.11

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.

MC Mining Inventory Turnover Related Terms

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MC Mining (ASX:MCM) Business Description

Industry

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Traded in Other Exchanges

MCZ:South Africa MCM.GB:UK MCM:UK

Address

7 The Esplanade, Suite 8, Mount Pleasant, Perth, WA, AUS, 6153

Website

https://www.mcmining.co.za

MC Mining Ltd is a coal mining company in South Africa. It has three reportable segments namely Exploration, Development, and Mining. The Exploration segment involves in search of resources for commercial exploitation and viability and determines technical feasibility. The Development segment is engaged in commissioning facilities to extract, treat, and transport products from the mineral reserve and other preparations for commercial production. The Mining segment, which is the key revenue generator is involved in the day to day activities of obtaining a saleable product from mineral reserve on a commercial scale. Some of its key projects include Uitkomst Colliery, the Makhado project, and the Greater Soutpansberg Project. Its geographical segments include Australia and South Africa.

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