MGO Global (MGO Global) Change In Inventory : $-0.77 Mil (TTM As of Mar. 2024)

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What is MGO Global Change In Inventory?

MGO Global's change in inventory for the quarter that ended in Mar. 2024 was $-0.07 Mil. It means MGO Global's inventory increased by $0.07 Mil from Dec. 2023 to Mar. 2024 .

MGO Global's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.68 Mil. It means MGO Global's inventory increased by $0.68 Mil from Dec. 2022 to Dec. 2023 .

MGO Global's Total Inventories for the quarter that ended in Mar. 2024 was $0.67 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MGO Global's Days Inventory for the quarter that ended in Mar. 2024 was 382.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. MGO Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

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. MGO Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.04.

MGO Global Change In Inventory Historical Data

The historical data trend for MGO Global's Change In Inventory 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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MGO Global Change In Inventory Chart

MGO Global Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.24

0.13

-0.68

MGO Global Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial							0.02	-0.25	-0.37	-0.08	-0.07

MGO Global Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.77 Mil.

MGO Global (NAS:MGOL) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

MGO Global's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.6995	/	0.167	*	365 / 4
	=	382.21

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

MGO Global's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.167	/	0.6995
	=	0.24

3. 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.

MGO Global's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.6995	/	0.67
	=	1.04

MGO Global Change In Inventory Related Terms

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MGO Global (MGO Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MGO Global Inc (NAS:MGOL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1515 SE 17th Street,, Suite 121/ No 460596, Fort Lauderdale, FL, USA, 33346

Website

https://www.mgoglobalinc.com

MGO Global Inc provides branding and marketing services to help clients build positive perceptions about their businesses. The company has one reportable segment which sells a range of products under the soccer legend Lionel (Leo) Messi brand Messi Brand.

Executives

Nicole M. Fernandez-mcgovern	director	C/O AGEAGLE AERIAL SYSTEMS INC., 8863 E. 34TH STREET NORTH, WICHITA KS 67226
Paul Wahlgren	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Obie Mckenzie	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Salima Popatia	director	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Vincent Ottomanelli	officer: CHIEF FINANCIAL OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Martin P Scott	officer: CHIEF FINANCIAL OFFICER	SIMPLEPONS, INC., C/O 220 CONGRESS PARK DRIVE, SUITE 304, DELRAY BEACH FL 33445
Maximiliano Ojeda	director, officer: CHIEF EXECUTIVE OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Virginia Hilfiger	director, officer: CHIEF DESIGN OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Julian Groves	director, officer: CHIEF OPERATING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346
Matthew Harward	officer: CHIEF MARKETING OFFICER	1515 SE 17TH STREET, SUITE 121/#460236, FORT LAUDERDALE FL 33346