Movida Participacoes (BSP:MOVI3) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Movida Participacoes 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. Movida Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$2,246 Mil. Movida Participacoes's Average Total Inventories for the quarter that ended in Dec. 2023 was R$0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movida Participacoes's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Movida Participacoes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Movida Participacoes Inventory Turnover Historical Data

The historical data trend for Movida Participacoes'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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Movida Participacoes Inventory Turnover Chart

Movida Participacoes Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Inventory Turnover

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Movida Participacoes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Movida Participacoes Inventory Turnover Calculation

Movida Participacoes's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	7573.494	/ (	(0	+	0)	/	1 )
=	7573.494	/	0
=	N/A

Movida Participacoes'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 )
=	2246.16	/ (	(0	+	0)	/	1 )
=	2246.16	/	0
=	N/A

Movida Participacoes (BSP:MOVI3) 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.

Movida Participacoes'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
	=	0	/	2246.16	*	365 / 4
	=	0.00

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.

Movida Participacoes'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 )
	=	0	/	2493.445
	=	0.00

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.

Movida Participacoes Inventory Turnover Related Terms

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Movida Participacoes (BSP:MOVI3) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » Inventory Turnover

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Address

Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.movida.com.br/

Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

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