Corporacion MoctezumaB de CV (Corporacion MoctezumaB de CV) Inventory Turnover : 1.34 (As of Mar. 2024)

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What is Corporacion MoctezumaB de CV 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. Corporacion MoctezumaB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was $104 Mil. Corporacion MoctezumaB de CV's Average Total Inventories for the quarter that ended in Mar. 2024 was $78 Mil. Corporacion MoctezumaB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Corporacion MoctezumaB de CV's Days Inventory for the three months ended in Mar. 2024 was 68.17.

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. Corporacion MoctezumaB de CV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.26.

Corporacion MoctezumaB de CV Inventory Turnover Historical Data

The historical data trend for Corporacion MoctezumaB de CV'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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Corporacion MoctezumaB de CV Inventory Turnover Chart

Corporacion MoctezumaB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.62

6.14

6.48

6.30

5.89

Corporacion MoctezumaB de CV 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															1.62	1.79	1.61	1.36	1.34

Corporacion MoctezumaB de CV Inventory Turnover Calculation

Corporacion MoctezumaB de CV'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 )
=	407.67	/ (	(59.369	+	79.141)	/	2 )
=	407.67	/	69.255
=	5.89

Corporacion MoctezumaB de CV'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 )
=	104.179	/ (	(79.141	+	76.515)	/	2 )
=	104.179	/	77.828
=	1.34

Corporacion MoctezumaB de CV (OTCPK:CMZOF) 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.

Corporacion MoctezumaB de CV'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
	=	77.828	/	104.179	*	365 / 4
	=	68.17

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.

Corporacion MoctezumaB de CV'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 )
	=	77.828	/	297.597
	=	0.26

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.

Corporacion MoctezumaB de CV Inventory Turnover Related Terms

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Corporacion MoctezumaB de CV (Corporacion MoctezumaB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Corporacion Moctezuma SAB de CV (OTCPK:CMZOF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CMOCTEZ:Mexico

Address

Monte Elbruz 134 PH, Col. Lomas de Chapultepec, Miguel Hidalgo, Mexico, MEX, 11000

Website

https://www.cmoctezuma.com.mx

Corporacion Moctezuma SAB de CV is a Mexico-based company which is engaged in the production and sale of cement and ready-mix concrete. The product portfolio of the includes of compound Portland cements, white cement and mortar and others.

Corporacion MoctezumaB de CV (Corporacion MoctezumaB de CV) Headlines

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