Marshall Monteagle (JSE:MMP) Inventory Turnover : 3.14 (As of Sep. 2023)

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What is Marshall Monteagle 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. Marshall Monteagle's Cost of Goods Sold for the six months ended in Sep. 2023 was R960 Mil. Marshall Monteagle's Average Total Inventories for the quarter that ended in Sep. 2023 was R305 Mil. Marshall Monteagle's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marshall Monteagle's Days Inventory for the six months ended in Sep. 2023 was 58.04.

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. Marshall Monteagle's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.26.

Marshall Monteagle Inventory Turnover Historical Data

The historical data trend for Marshall Monteagle'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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Marshall Monteagle Inventory Turnover Chart

Marshall Monteagle Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Mar23

Inventory Turnover

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10.19

5.56

5.13

4.84

6.71

Marshall Monteagle Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.80	4.25	3.24	2.07	3.14

Marshall Monteagle Inventory Turnover Calculation

Marshall Monteagle'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: Sep. 2020 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	1734.177	/ (	(207.869	+	309.17)	/	2 )
=	1734.177	/	258.5195
=	6.71

Marshall Monteagle'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 )
=	959.987	/ (	(309.17	+	301.384)	/	2 )
=	959.987	/	305.277
=	3.14

Marshall Monteagle (JSE:MMP) 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.

Marshall Monteagle'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
	=	305.277	/	959.987	*	365 / 2
	=	58.04

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.

Marshall Monteagle'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 )
	=	305.277	/	1171.265
	=	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.

Marshall Monteagle Inventory Turnover Related Terms

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Marshall Monteagle (JSE:MMP) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Marshall Monteagle PLC (JSE:MMP) » Definitions » Inventory Turnover

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Address

66-72 Esplanade, 2nd Floor, Gaspe House, Saint Helier, JEY, JE1 1GH

Website

https://www.monteaglegroup.com

Marshall Monteagle PLC operates trading businesses involved in the importation and distribution of hand tools, machinery and non-perishable food products, coffee roasting, importing and exporting and trading in metals and minerals. It is also involved in the property business. The company generates the majority of its revenue from the Import and distribution segment, which is engaged in Trade in non-perishable products, such as food, food ingredients, household consumer products, metal and minerals, manufacturing inputs, and tools; primarily imports to South Africa and Latin America, and exports from South Africa.