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Manuka (Manuka) Inventory Turnover : 0.10 (As of Sep. 2023)


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What is Manuka 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. Manuka's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.01 Mil. Manuka's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.09 Mil. Manuka's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manuka's Days Inventory for the three months ended in Sep. 2023 was 912.50.

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. Manuka's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.51.

Manuka Inventory Turnover Historical Data

The historical data trend for Manuka'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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Manuka Inventory Turnover Chart

Manuka Annual Data
Trend
Inventory Turnover

Manuka Quarterly Data
Jun22 Sep22 Jun23 Sep23
Inventory Turnover - - 0.17 0.10

Manuka Inventory Turnover Calculation

Manuka's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

Inventory Turnover (A: . 20 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: . 20 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

Manuka'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: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=0.009 / ((0.076 + 0.104) / 2 )
=0.009 / 0.09
=0.10

* 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.

Manuka  (OTCPK:MNKA) 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.

Manuka's Days Inventory for the three 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
=0.09/0.009*365 / 4
=912.50

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.

Manuka'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 )
=0.09 / 0.176
=0.51

* 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.

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.

Manuka Inventory Turnover Related Terms

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Manuka (Manuka) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Manuka Inc (OTCPK:MNKA) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
3 Eliezer Vardinon Street, Petach Tikva, ISR, 4959507
Website
https://www.bmanuka.co.il
Manuka Inc is a beauty company that develops and distributes premium-quality skincare products, that are based on M?nuka honey and bee venom. Its skincare products are manufactured in Israel by its vendor, Chic with M?nuka honey ingredients. The company imports Manuka honey from its supplier in New Zealand, Waitemata Honey pursuant to the Supply Agreement. Currently, it operates only in Israel through the online platform. Its website and mobile applications currently offer six cosmetic skincare products: Face Serum with Manuka Honey and Bee Venom; Face Serum with enhanced Vitamin C; Day Cream; Night nourishing Cream; Eye Cream; and Face Cleanser Gel.
Executives
David Dana officer: Chief Financial Officer 3 ELIEZER VARDINON ST., PETACH TIKVA L3 4959507
Shimon Citron director, officer: Chief Executive Officer
Brian M Culley officer: Chief Executive Officer 6725 MESA RIDGE ROAD, SUITE 100, SAN DIEGO CA 92121
Peter N. Payne officer: Chief Executive Officer C/O NEW YORK GLOBAL INNOVATIONS INC., 18 E. 16TH STREET, SUITE 307, NEW YORK NY 10003
Dana Wolf officer: Chief Scientific Officer 18 EAST 16TH STREET, SUITE 307, NEW YORK NY 10003
Tonak Ltd. 10 percent owner 18 EAST 16TH STREET, SUITE 307, NEW YORK NY 10003
Israel Alfassi director 18 EAST 16TH STREET, SUITE 307, NEW YORK NY 10003
Chanan Morris officer: Chief Financial Officer 30 HAKTORET STREET, EFRAT L3 90435
Arias Roberto Alonso Jimenez director C/O NEW YORK GLOBAL INNOVATIONS INC., 18 EAST 16TH ST., SUITE 307, NEW YORK NY 10003
Tomer Assis officer: Chief Financial Officer C/O INKSURE TECHNOLOGIES INC., 18 EAST 16TH ST., SUITE 307, NEW YORK NY 10003
David W Sass director, officer: Secretary 260 MADISON AVE 18TH FLR, NEW YORK NY 10016
David Avner officer: CHIEF FINANCIAL OFFICER 1 HAMADA ST, REHOVOT L3 76703
Jonathan Bettsak director C/O INKSURE LTD 1 HAMADA ST., THE RABIN SCIENCE PARK, REHOVOT L3 76703
Tal Gilat officer: President and CEO C/O INKSURE, 1 HAMADA ST., REHOVOT L3 76703
Alon Raich director C/O ICTS INTERNATIONAL, N.V., BIESBOSCH 225, 1181 JC AMSTELVEEN P7 0000000000

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