Marfrig Global Foods (STU:MGP1) Inventory Turnover : 2.15 (As of Mar. 2024)

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What is Marfrig Global Foods 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. Marfrig Global Foods's Cost of Goods Sold for the three months ended in Mar. 2024 was €5,127 Mil. Marfrig Global Foods's Average Total Inventories for the quarter that ended in Mar. 2024 was €2,382 Mil. Marfrig Global Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marfrig Global Foods's Days Inventory for the three months ended in Mar. 2024 was 42.40.

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. Marfrig Global Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Marfrig Global Foods Inventory Turnover Historical Data

The historical data trend for Marfrig Global Foods'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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Marfrig Global Foods Inventory Turnover Chart

Marfrig Global Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.66

17.99

18.52

10.95

8.40

Marfrig Global Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.76	2.00	2.13	2.27	2.15

Marfrig Global Foods Inventory Turnover Calculation

Marfrig Global Foods'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 )
=	22241.066	/ (	(2888.963	+	2408.59)	/	2 )
=	22241.066	/	2648.7765
=	8.40

Marfrig Global Foods'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 )
=	5127.302	/ (	(2408.59	+	2356.194)	/	2 )
=	5127.302	/	2382.392
=	2.15

Marfrig Global Foods (STU:MGP1) 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.

Marfrig Global Foods'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
	=	2382.392	/	5127.302	*	365 / 4
	=	42.40

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.

Marfrig Global Foods'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 )
	=	2382.392	/	5836.307
	=	0.41

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.

Marfrig Global Foods Inventory Turnover Related Terms

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Marfrig Global Foods (STU:MGP1) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Marfrig Global Foods SA (STU:MGP1) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MRRTY:USA MGP1:Germany MRFG3:Brazil

Address

Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000

Website

https://www.marfrig.com.br

Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

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