Bains de Mer Monaco (Bains de Mer Monaco) Inventory Turnover : 2.46 (As of Sep. 2023)

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What is Bains de Mer Monaco 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. Bains de Mer Monaco's Cost of Goods Sold for the six months ended in Sep. 2023 was $43.7 Mil. Bains de Mer Monaco's Average Total Inventories for the quarter that ended in Sep. 2023 was $17.7 Mil. Bains de Mer Monaco's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bains de Mer Monaco's Days Inventory for the six months ended in Sep. 2023 was 74.12.

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. Bains de Mer Monaco's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.04.

Bains de Mer Monaco Inventory Turnover Historical Data

The historical data trend for Bains de Mer Monaco'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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Bains de Mer Monaco Inventory Turnover Chart

Bains de Mer Monaco Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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4.26

4.52

2.08

3.27

4.05

Bains de Mer Monaco Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.99	1.41	2.52	1.62	2.46

Bains de Mer Monaco Inventory Turnover Calculation

Bains de Mer Monaco'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 )
=	67.56	/ (	(15.291	+	18.065)	/	2 )
=	67.56	/	16.678
=	4.05

Bains de Mer Monaco's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	43.654	/ (	(18.065	+	17.392)	/	2 )
=	43.654	/	17.7285
=	2.46

Bains de Mer Monaco (OTCPK:BMRMF) 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.

Bains de Mer Monaco's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	17.7285	/	43.654	*	365 / 2
	=	74.12

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.

Bains de Mer Monaco's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	17.7285	/	475.525
	=	0.04

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.

Bains de Mer Monaco Inventory Turnover Related Terms

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Bains de Mer Monaco (Bains de Mer Monaco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Bains de Mer Monaco (OTCPK:BMRMF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BAIN:France RJ8:Germany

Address

Place du Casino, Monte Carlo, MCO, 98000

Website

http://www.montecarloresort.com

Bains de Mer Monaco is engaged in the gaming, hotel and leasing Industry. The Gaming sector combines the gaming table and slot machine operations at the Monte-Carlo Casino, the Cafe de Paris Casino, the Sun Casino, the Bay Casino, and the Rascasse. The Hotel sector includes all the accommodation and catering activities, the therapy and spa-centre and all the related hotel services provided in its establishments. The Leasing sector combines leasing activities of boutiques, office space and the hotel residence activities of the Monte-Carlo Bay and Balmoral. Bains derives the majority of revenue from the Hotel sector.