Mikron Holding AG (CHIX:MIKNZ) Inventory Turnover : 0.92 (As of Dec. 2023)

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What is Mikron Holding AG 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. Mikron Holding AG's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF67.6 Mil. Mikron Holding AG's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF73.3 Mil. Mikron Holding AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mikron Holding AG's Days Inventory for the three months ended in Dec. 2023 was 98.96.

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. Mikron Holding AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Mikron Holding AG Inventory Turnover Historical Data

The historical data trend for Mikron Holding AG'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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Mikron Holding AG Inventory Turnover Chart

Mikron Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.89

1.66

1.76

1.83

1.91

Mikron Holding AG Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.90	0.82	0.99	0.98	0.92

Mikron Holding AG Inventory Turnover Calculation

Mikron Holding AG'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 )
=	131.878	/ (	(61.778	+	76.636)	/	2 )
=	131.878	/	69.207
=	1.91

Mikron Holding AG'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 )
=	67.573	/ (	(69.934	+	76.636)	/	2 )
=	67.573	/	73.285
=	0.92

Mikron Holding AG (CHIX:MIKNz) 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.

Mikron Holding AG'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
	=	73.285	/	67.573	*	365 / 4
	=	98.96

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.

Mikron Holding AG'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 )
	=	73.285	/	191.943
	=	0.38

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.

Mikron Holding AG Inventory Turnover Related Terms

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Mikron Holding AG (CHIX:MIKNZ) Business Description

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MIKN:Switzerland

Address

Muhlebrucke 2, Biel, CHE, CH-2502

Website

https://www.mikron.com

Mikron Holding AG operates in automation and machining systems that enable extremely precise and productive manufacturing processes. The group engages in the automotive, pharmaceutical, medtech, consumer goods, and watchmaking industries. The business activities are operated through Mikron Machining Solutions and Mikron Automation segments. The Mikron Machining Solutions segment offers customized machining solutions for the manufacturing of complex high-precision components made of metal, such as turbocharger housings, injection nozzles, and ballpoint pen tips. The Mikron Automation segment is a key revenue driver, and manufactures customized automation solutions for the assembly and testing of products.

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