Mills Locacao Servicos e Logistica (BSP:MILS3) Inventory Turnover : 1.82 (As of Dec. 2023)

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What is Mills Locacao Servicos e Logistica 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. Mills Locacao Servicos e Logistica's Cost of Goods Sold for the three months ended in Dec. 2023 was R$129 Mil. Mills Locacao Servicos e Logistica's Average Total Inventories for the quarter that ended in Dec. 2023 was R$71 Mil. Mills Locacao Servicos e Logistica's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mills Locacao Servicos e Logistica's Days Inventory for the three months ended in Dec. 2023 was 50.08.

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. Mills Locacao Servicos e Logistica's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Mills Locacao Servicos e Logistica Inventory Turnover Historical Data

The historical data trend for Mills Locacao Servicos e Logistica'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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Mills Locacao Servicos e Logistica Inventory Turnover Chart

Mills Locacao Servicos e Logistica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.93

7.97

5.84

5.32

6.65

Mills Locacao Servicos e Logistica 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															1.54	1.67	1.79	1.82	1.94

Mills Locacao Servicos e Logistica Inventory Turnover Calculation

Mills Locacao Servicos e Logistica'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 )
=	489.929	/ (	(75.188	+	72.065)	/	2 )
=	489.929	/	73.6265
=	6.65

Mills Locacao Servicos e Logistica'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	128.852	/ (	(69.363	+	72.065)	/	2 )
=	128.852	/	70.714
=	1.82

Mills Locacao Servicos e Logistica (BSP:MILS3) 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.

Mills Locacao Servicos e Logistica's Days Inventory for the three 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
	=	70.714	/	128.852	*	365 / 4
	=	50.08

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.

Mills Locacao Servicos e Logistica'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 )
	=	70.714	/	367.255
	=	0.19

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.

Mills Locacao Servicos e Logistica Inventory Turnover Related Terms

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Mills Locacao Servicos e Logistica (BSP:MILS3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Locacao Servicos e Logistica SA (BSP:MILS3) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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