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Meritage Hospitality Group's change in inventory for the quarter that ended in Mar. 2024 was $0.6 Mil. It means Meritage Hospitality Group's inventory declined by $0.6 Mil from Dec. 2023 to Mar. 2024 .
Meritage Hospitality Group's change in inventory for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means Meritage Hospitality Group's inventory declined by $0.0 Mil from Dec. 2022 to Dec. 2023 .
Meritage Hospitality Group's Total Inventories for the quarter that ended in Mar. 2024 was $4.6 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meritage Hospitality Group's Days Inventory for the quarter that ended in Mar. 2024 was 4.73.
Inventory Turnover measures how fast the company turns over its inventory within a year. Meritage Hospitality Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.28.
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. Meritage Hospitality Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.
The historical data trend for Meritage Hospitality Group'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.
Meritage Hospitality Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Inventory | Get a 7-Day Free Trial | -0.12 | -0.10 | -0.79 | -0.32 | 0.01 |
Meritage Hospitality Group Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Inventory | Get a 7-Day Free Trial | 0.42 | -0.08 | -0.04 | -0.29 | 0.58 |
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 $0.2 Mil.
* 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.
Meritage Hospitality Group (OTCPK:MHGU) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Meritage Hospitality Group's Days Inventory for the quarter that ended in is calculated as:
Days Inventory | = | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period |
= | 4.8985 | / | 94.462 | * | 365 / 4 | |
= | 4.73 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
Meritage Hospitality Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 94.462 | / | 4.8985 | |
= | 19.28 |
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.
Meritage Hospitality Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 4.8985 | / | 162.85 | |
= | 0.03 |
* 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.
Thank you for viewing the detailed overview of Meritage Hospitality Group's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Duane F Kluting | director | 3100 44TH STREET SW, GRANDVILLE MI 49418 |
Roger L Zingle | officer: Chief Operating Officer | 6132 PICKWOOD DRIVE, WEST BLOOMFIELD MI 48322 |
Gary A Rose | officer: VP, CFO & Treasurer | 223 EAST MT. GARFIELD ROAD, NORTON SHORES MI 49441 |
Robert E. Schermer Revocable Living Trust U/a Dated 4/28/97 | 10 percent owner | C/O ROBERT W. BAIRD & CO. INC., 333 BRIDGE STREET, N.W., SUITE 1000, GRAND RAPIDS MI 49504 |
Gulis Stephen L Jr | director | 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351 |
James R Saalfeld | officer: VP, Secretary and Treasurer | MERITAGE HOSPITALITY GROUP INC, 1971 EAST BELTLINE AVE, N.E., STE. 200, GRAND RAPIDS MI 49525 |
Robert H Potts | officer: Vice President of Real Estate | 1971 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525 |
Schermer Robert E Jr | director, 10 percent owner, officer: Chief Executive Officer | 1971 EAST BELTLINE AVE, N.E., SUITE 200, GRAND RAPIDS MI 49525 |
Robert E Riley | director, 10 percent owner, officer: President | 40 PEARL STREET NW, SUITE 900, GRAND RAPIDS MI 49503 |
James P Bishop | director | 4230 SOUTH WESTNEDGE, KALAMAZOO MI 49006 |
Schermer Robert E Sr | director, 10 percent owner, officer: Chairman of the Board | C/O ROBERT W BLAIR & CO. INC., 333 BRIDGE STREET, SUITE 1000, GRAND RAPIDS MI 49504 |
Joseph L Maggini | director | 4242 CLAY STREET SW, GRAND RAPIDS MI 49548 |
Brian N Mcmahon | director | 542 TONBRIDGE COURT, PERRYSBURG OH 43551 |
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