Methes Energies International (Methes Energies International) Inventory Turnover : 0.00 (As of Aug. 2023)

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What is Methes Energies International 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. Methes Energies International's Cost of Goods Sold for the three months ended in Aug. 2023 was $0.00 Mil. Methes Energies International's Average Total Inventories for the quarter that ended in Aug. 2023 was $0.05 Mil. Methes Energies International's Inventory Turnover for the quarter that ended in Aug. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Methes Energies International Inventory Turnover Historical Data

The historical data trend for Methes Energies International'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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Methes Energies International Inventory Turnover Chart

Methes Energies International Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Inventory Turnover

19.12

14.15

5.32

8.34

9.06

Methes Energies International Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	May22	Aug22	May23	Aug23
Inventory Turnover	Get a 7-Day Free Trial															1.30	-	-	-	-

Methes Energies International Inventory Turnover Calculation

Methes Energies International's Inventory Turnover for the fiscal year that ended in Nov. 2014 is calculated as

	Inventory Turnover (A: Nov. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2014 )	/ (	(Total Inventories (A: Nov. 2013 )	+	Total Inventories (A: Nov. 2014 ))	/	count )
=	5.489	/ (	(0.801	+	0.411)	/	2 )
=	5.489	/	0.606
=	9.06

Methes Energies International's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

	Inventory Turnover (Q: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2023 )	/ (	(Total Inventories (Q: May. 2023 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )
=	0	/ (	(0.052	+	0.052)	/	2 )
=	0	/	0.052
=	0.00

Methes Energies International (OTCPK:MEIL) 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.

Methes Energies International's Days Inventory for the three months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
	=	0.052	/	0	*	365 / 4
	=

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.

Methes Energies International's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2023 )	/	Revenue (Q: Aug. 2023 )
	=	0.052	/	0
	=

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.

Methes Energies International Inventory Turnover Related Terms

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Methes Energies International (Methes Energies International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Methes Energies International Ltd (OTCPK:MEIL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

304 S. Jones Boulevard, Suite 8062, Las Vegas, NV, USA, 89107

Website

http://www.methes.com

Methes Energies International Ltd has no operations.

Executives

Johann Loewen	officer: VP of Operations	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Anthony T Williams	director	4111 MINT WAY, DALLAS TX 75237
Kebir Ratnani	director	455 BOULEVARD RENE-LEVESQUE WEST, MONTREAL A8 H2Z 1Z3
Edward A Stoltenberg	officer: CFO	C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Michel G Laporte	director, 10 percent owner, officer: Chairman and CEO	PARQUE EMP. FORUM, TORRE G, PISO 1, REGUS CENTER, SANTA ANA G2 126-6155
Steven Anthony	officer: VP of Sales and Marketing	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Keith Grafton	officer: Plant Manager (Sombra)	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
John Pappain	director	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Afrin Shams	officer: Chief Accounting Officer	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Perichiyappan Senthilnathan	director	C/O METHES ENERGIES INTERNATIONAL LTD., 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Han Swoong Ng	officer: President	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Michael Hallman	officer: VP of Project Management	C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103

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