Macfarlane Group (LSE:MACF) Inventory Turnover : 4.53 (As of Dec. 2023)

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What is Macfarlane Group 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. Macfarlane Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £84.7 Mil. Macfarlane Group's Average Total Inventories for the quarter that ended in Dec. 2023 was £18.7 Mil. Macfarlane Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macfarlane Group's Days Inventory for the six months ended in Dec. 2023 was 40.33.

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. Macfarlane Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Macfarlane Group Inventory Turnover Historical Data

The historical data trend for Macfarlane Group'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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Macfarlane Group Inventory Turnover Chart

Macfarlane Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.36

8.87

9.43

8.77

8.72

Macfarlane Group Semi-Annual 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															4.36	3.97	4.20	4.25	4.53

Macfarlane Group Inventory Turnover Calculation

Macfarlane Group'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 )
=	175.033	/ (	(22.608	+	17.523)	/	2 )
=	175.033	/	20.0655
=	8.72

Macfarlane Group'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 )
=	84.741	/ (	(19.929	+	17.523)	/	2 )
=	84.741	/	18.726
=	4.53

Macfarlane Group (LSE:MACF) 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.

Macfarlane Group'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
	=	18.726	/	84.741	*	365 / 2
	=	40.33

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.

Macfarlane Group'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 )
	=	18.726	/	139.102
	=	0.13

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.

Macfarlane Group Inventory Turnover Related Terms

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Macfarlane Group (LSE:MACF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Macfarlane Group PLC (LSE:MACF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MACFl:UK 5K6:Germany

Address

3 Park Gardens, First Floor, Glasgow, GBR, G3 7YE

Website

https://www.macfarlanegroup.com

Macfarlane Group PLC is a United Kingdom-based company, that provides services for the packaging sector. It operates in two segments Packaging Distribution segment, which includes the distribution of packaging materials & supply of storage & warehousing services, & Manufacturing Operations comprises the manufacturing & supplying of self-adhesive labels to fast-moving consumer goods. The business operates Regional Distribution Centers supplying customers with a range of packaging materials & services. It operates across a wide range of sectors such as Aerospace, Defense, Electronics, Medical General, Industrial food, health & beauty, household products, & beverages sectors. It derives key revenue from the Distribution segment. Geographically, it derives the majority revenue from the UK.

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