Mayr-Melnhof Karton AG (WBO:MMK) Inventory Turnover : 0.98 (As of Mar. 2024)

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What is Mayr-Melnhof Karton AG 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. Mayr-Melnhof Karton AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €563 Mil. Mayr-Melnhof Karton AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €576 Mil. Mayr-Melnhof Karton AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mayr-Melnhof Karton AG's Days Inventory for the three months ended in Mar. 2024 was 93.43.

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. Mayr-Melnhof Karton AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Mayr-Melnhof Karton AG Inventory Turnover Historical Data

The historical data trend for Mayr-Melnhof Karton AG'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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Mayr-Melnhof Karton AG Inventory Turnover Chart

Mayr-Melnhof Karton AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.40

5.29

5.84

4.35

3.50

Mayr-Melnhof Karton AG 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															0.84	0.78	0.80	0.87	0.98

Mayr-Melnhof Karton AG Inventory Turnover Calculation

Mayr-Melnhof Karton AG'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 )
=	2298.973	/ (	(730.086	+	582.637)	/	2 )
=	2298.973	/	656.3615
=	3.50

Mayr-Melnhof Karton AG'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 )
=	562.781	/ (	(582.637	+	569.78)	/	2 )
=	562.781	/	576.2085
=	0.98

Mayr-Melnhof Karton AG (WBO:MMK) 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.

Mayr-Melnhof Karton AG'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
	=	576.2085	/	562.781	*	365 / 4
	=	93.43

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.

Mayr-Melnhof Karton AG'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 )
	=	576.2085	/	1025.028
	=	0.56

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.

Mayr-Melnhof Karton AG Inventory Turnover Related Terms

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Mayr-Melnhof Karton AG (WBO:MMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mayr-Melnhof Karton AG (WBO:MMK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0NZ7:UK MYM:Germany

Address

Brahmsplatz 6, Vienna, AUT, A-1040

Website

https://www.mm.group

Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.

Executives

Dr. Nikolaus Ankershofen	Supervisory Board
Mmag. Peter Oswald	Board of Directors
Univ.-prof. Dr. Klaus Rabel	Supervisory Board

Mayr-Melnhof Karton AG (WBO:MMK) Headlines

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