Maris Tech (Maris Tech) Inventory Turnover : 0.87 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Maris Tech 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. Maris Tech's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.46 Mil. Maris Tech's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.67 Mil. Maris Tech's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maris Tech's Days Inventory for the six months ended in Dec. 2023 was 209.27.

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. Maris Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Maris Tech Inventory Turnover Historical Data

The historical data trend for Maris Tech'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.

Maris Tech Inventory Turnover Chart

Maris Tech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.42

1.66

3.45

2.51

1.43

Maris Tech Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				1.35	1.41	1.41	0.54	0.87

Maris Tech Inventory Turnover Calculation

Maris Tech'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 )
=	2.104	/ (	(0.982	+	1.96)	/	2 )
=	2.104	/	1.471
=	1.43

Maris Tech's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.459	/ (	(1.386	+	1.96)	/	2 )
=	1.459	/	1.673
=	0.87

Maris Tech (NAS:MTEK) 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.

Maris Tech's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.673	/	1.459	*	365 / 2
	=	209.27

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.

Maris Tech's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.673	/	3.557
	=	0.47

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.

Maris Tech Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Maris Tech's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Maris Tech (Maris Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maris Tech Ltd (NAS:MTEK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Yitzhak Modai Street, Rehovot, ISR, 7608804

Website

https://www.maris-tech.com

Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution and sharing solutions and products, using high-end digital video, audio and wireless communication technologies. It designs, develops, manufactures and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.