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M-Tron Industries (M-Tron Industries) Inventory Turnover : 0.71 (As of Mar. 2024)


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What is M-Tron Industries 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. M-Tron Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.41 Mil. M-Tron Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was $9.02 Mil. M-Tron Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. M-Tron Industries's Days Inventory for the three months ended in Mar. 2024 was 128.52.

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. M-Tron Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.


M-Tron Industries Inventory Turnover Historical Data

The historical data trend for M-Tron Industries'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.

* Premium members only.

M-Tron Industries Inventory Turnover Chart

M-Tron Industries Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
3.86 3.36 3.22 2.98

M-Tron Industries Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.77 0.69 0.70 0.68 0.71

M-Tron Industries Inventory Turnover Calculation

M-Tron Industries'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 )
=24.402 / ((7.518 + 8.884) / 2 )
=24.402 / 8.201
=2.98

M-Tron Industries'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 )
=6.406 / ((8.884 + 9.161) / 2 )
=6.406 / 9.0225
=0.71

* 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.


M-Tron Industries  (AMEX:MPTI) 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.

M-Tron Industries'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
=9.0225/6.406*365 / 4
=128.52

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.

M-Tron Industries'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 )
=9.0225 / 11.185
=0.81

* 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.


M-Tron Industries Inventory Turnover Related Terms

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M-Tron Industries (M-Tron Industries) Business Description

Traded in Other Exchanges
N/A
Address
2525 Shader Road, Orlando, FL, USA, 32804
M-Tron Industries Inc is a diversified holding company with subsidiaries engaged in the design, manufacturing and marketing of highly-engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. It offers a wide range of products such as microwave and millimeter wave filters; cavity, crystal, ceramic, lumped element and switched filters; crystal resonators, integrated microwave assemblies and state-of-the-art solid state power amplifier products.
Executives
William Arnold Drafts officer: President 746 CRISTALDI WAY, LONGWOOD FL 32779
Ferrantino Michael J Jr director, officer: Chief Executive Officer 12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga director 497 EISENHOWER COURT, WYCKOFF NJ 07481
James William Tivy officer: Chief Financial Officer 220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Linda M Biles officer: VP, Controller 2525 SHADER ROAD, ORLANDO FL 32804
Marc Gabelli director, 10 percent owner 401 THEODORE FREMD AVE, RYE NY 10580
Bel Lazar director 4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Hendi Susanto director 2525 SHADER RD., ORLANDO FL 32804
Lapenta Robert V Jr director C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
David M Goldman director ONE CORPORATE CENTER, RYE NY 10580
John S Mega director C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016