SODEP -Marsa Maroc (CAS:MSA) Inventory Turnover : 8.98 (As of Dec. 2023)

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What is SODEP -Marsa Maroc 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. SODEP -Marsa Maroc's Cost of Goods Sold for the six months ended in Dec. 2023 was MAD1,149 Mil. SODEP -Marsa Maroc's Average Total Inventories for the quarter that ended in Dec. 2023 was MAD128 Mil. SODEP -Marsa Maroc's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SODEP -Marsa Maroc's Days Inventory for the six months ended in Dec. 2023 was 20.33.

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. SODEP -Marsa Maroc's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

SODEP -Marsa Maroc Inventory Turnover Historical Data

The historical data trend for SODEP -Marsa Maroc'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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SODEP -Marsa Maroc Inventory Turnover Chart

SODEP -Marsa Maroc Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.77

15.30

18.28

18.32

18.08

SODEP -Marsa Maroc Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											8.97	8.99	8.97	8.78	8.98

SODEP -Marsa Maroc Inventory Turnover Calculation

SODEP -Marsa Maroc'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 )
=	2215.318	/ (	(115.92	+	129.158)	/	2 )
=	2215.318	/	122.539
=	18.08

SODEP -Marsa Maroc'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1149.141	/ (	(126.907	+	129.158)	/	2 )
=	1149.141	/	128.0325
=	8.98

SODEP -Marsa Maroc (CAS:MSA) 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.

SODEP -Marsa Maroc's Days Inventory for the six 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
	=	128.0325	/	1149.141	*	365 / 2
	=	20.33

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.

SODEP -Marsa Maroc'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 )
	=	128.0325	/	2201.453
	=	0.06

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.

SODEP -Marsa Maroc Inventory Turnover Related Terms

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SODEP -Marsa Maroc (CAS:MSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SODEP -Marsa Maroc SA (CAS:MSA) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

175, Boulevard Zerktouni, Casablanca, MAR, 20100

Website

https://www.marsamaroc.co.ma

SODEP -Marsa Maroc SA is engaged in the management of port terminals. The company offers its customers, importers and exporters, ship owners and shipping agents, freight forwarders, and logistics companies, a wide range of port logistics services. The services offered fall into two categories: services to ships such as piloting, towing, mooring and refueling; and services to goods which includes basic services like handling on board ships and on the dockside, storing, pointing, weighing, stuffing and unstuffing of containers and other related services. The company's segment consists of container, solid bulk, conventional, liquid bulk, Ro-Ro, passengers.