Morixe Hermanos (BUE:MORI) Inventory Turnover : 0.89 (As of Mar. 2024)

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What is Morixe Hermanos 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. Morixe Hermanos's Cost of Goods Sold for the three months ended in Mar. 2024 was ARS13,787 Mil. Morixe Hermanos's Average Total Inventories for the quarter that ended in Mar. 2024 was ARS15,434 Mil. Morixe Hermanos's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Morixe Hermanos's Days Inventory for the three months ended in Mar. 2024 was 102.15.

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. Morixe Hermanos's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Morixe Hermanos Inventory Turnover Historical Data

The historical data trend for Morixe Hermanos'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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Morixe Hermanos Inventory Turnover Chart

Morixe Hermanos Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Inventory Turnover

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6.36

8.74

6.27

4.04

5.39

Morixe Hermanos Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.95	1.86	0.90	1.48	0.89

Morixe Hermanos Inventory Turnover Calculation

Morixe Hermanos's Inventory Turnover for the fiscal year that ended in May. 2022 is calculated as

	Inventory Turnover (A: May. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2022 )	/ (	(Total Inventories (A: May. 2021 )	+	Total Inventories (A: May. 2022 ))	/	count )
=	21750.71	/ (	(1937.213	+	6133.939)	/	2 )
=	21750.71	/	4035.576
=	5.39

Morixe Hermanos's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	13787.021	/ (	(0	+	15433.865)	/	1 )
=	13787.021	/	15433.865
=	0.89

Morixe Hermanos (BUE:MORI) 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.

Morixe Hermanos's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	15433.865	/	13787.021	*	365 / 4
	=	102.15

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.

Morixe Hermanos's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	15433.865	/	20993.484
	=	0.74

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.

Morixe Hermanos Inventory Turnover Related Terms

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Morixe Hermanos (BUE:MORI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morixe Hermanos SA (BUE:MORI) » Definitions » Inventory Turnover

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Address

Federico Garcia Lorca 234, Buenos Aires, ARG, 1405

Website

https://www.morixe.com.ar

Morixe Hermanos SA operates in the Argentine mill industry. The company is engaged in the milling, industrialization, conditioning, buying and selling, import and export of flour, semolina, agricultural raw materials, by-products and derivatives.

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