MM Group Industrial & International Trade (In Kind) (CAI:MTIE) Inventory Turnover : 2.07 (As of Dec. 2023)

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What is MM Group Industrial & International Trade (In Kind) 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. MM Group Industrial & International Trade (In Kind)'s Cost of Goods Sold for the three months ended in Dec. 2023 was E£2,018 Mil. MM Group Industrial & International Trade (In Kind)'s Average Total Inventories for the quarter that ended in Dec. 2023 was E£974 Mil. MM Group Industrial & International Trade (In Kind)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MM Group Industrial & International Trade (In Kind)'s Days Inventory for the three months ended in Dec. 2023 was 44.05.

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. MM Group Industrial & International Trade (In Kind)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

MM Group Industrial & International Trade (In Kind) Inventory Turnover Historical Data

The historical data trend for MM Group Industrial & International Trade (In Kind)'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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MM Group Industrial & International Trade (In Kind) Inventory Turnover Chart

MM Group Industrial & International Trade (In Kind) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.37

7.30

7.89

7.40

12.95

MM Group Industrial & International Trade (In Kind) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.68	2.36	1.75	2.03	2.07

MM Group Industrial & International Trade (In Kind) Inventory Turnover Calculation

MM Group Industrial & International Trade (In Kind)'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 )
=	9130.557	/ (	(635.057	+	774.773)	/	2 )
=	9130.557	/	704.915
=	12.95

MM Group Industrial & International Trade (In Kind)'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 )
=	2017.95	/ (	(1173.717	+	774.773)	/	2 )
=	2017.95	/	974.245
=	2.07

MM Group Industrial & International Trade (In Kind) (CAI:MTIE) 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.

MM Group Industrial & International Trade (In Kind)'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
	=	974.245	/	2017.95	*	365 / 4
	=	44.05

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.

MM Group Industrial & International Trade (In Kind)'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 )
	=	974.245	/	2366.833
	=	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.

MM Group Industrial & International Trade (In Kind) Inventory Turnover Related Terms

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MM Group Industrial & International Trade (In Kind) (CAI:MTIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MM Group Industrial & International Trade (In Kind) (CAI:MTIE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

18 El-Obour Buildings Salah Salem Street, Cairo, EGY

Website

https://www.mti-mmgroup.com

MM Group Industrial & International Trade (In Kind) is an Egypt-based company. It operates in the consumer electronics distribution and retail segment. The company's line of business includes Consumer and electronics; Telecommunication; Automotive and Tractors and pipes. It generates maximum revenue from Consumer and electronics.

MM Group Industrial & International Trade (In Kind) (CAI:MTIE) Headlines

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