Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Inventory Turnover : 3.67 (As of Mar. 2022)

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What is Macquarie Infrastructure Holdings LLC 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. Macquarie Infrastructure Holdings LLC's Cost of Goods Sold for the three months ended in Mar. 2022 was $43.8 Mil. Macquarie Infrastructure Holdings LLC's Average Total Inventories for the quarter that ended in Mar. 2022 was $11.9 Mil. Macquarie Infrastructure Holdings LLC's Inventory Turnover for the quarter that ended in Mar. 2022 was 3.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macquarie Infrastructure Holdings LLC's Days Inventory for the three months ended in Mar. 2022 was 24.88.

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. Macquarie Infrastructure Holdings LLC's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.17.

Macquarie Infrastructure Holdings LLC Inventory Turnover Historical Data

The historical data trend for Macquarie Infrastructure Holdings LLC'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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Macquarie Infrastructure Holdings LLC Inventory Turnover Chart

Macquarie Infrastructure Holdings LLC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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31.31

26.39

7.09

8.11

17.06

Macquarie Infrastructure Holdings LLC Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover	Get a 7-Day Free Trial															2.90	9.03	2.94	5.13	3.67

Macquarie Infrastructure Holdings LLC Inventory Turnover Calculation

Macquarie Infrastructure Holdings LLC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	181.665	/ (	(9.6	+	11.7)	/	2 )
=	181.665	/	10.65
=	17.06

Macquarie Infrastructure Holdings LLC's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	43.785	/ (	(11.7	+	12.175)	/	2 )
=	43.785	/	11.9375
=	3.67

Macquarie Infrastructure Holdings LLC (NYSE:MIC) 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.

Macquarie Infrastructure Holdings LLC's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	11.9375	/	43.785	*	365 / 4
	=	24.88

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.

Macquarie Infrastructure Holdings LLC's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	11.9375	/	68.681
	=	0.17

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.

Macquarie Infrastructure Holdings LLC Inventory Turnover Related Terms

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Macquarie Infrastructure Holdings LLC (Macquarie Infrastructure Holdings LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Macquarie Infrastructure Holdings LLC (NYSE:MIC) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

125 West 55th Street, New York, NY, USA, 10019

Website

https://www.micinc.com

Macquarie Infrastructure Holdings LLC is a diversified business company. The company's business comprises (i) Hawaii Gas, Hawaii's only government-franchised gas utility and an unregulated LPG distribution business providing gas and related services to industrial, commercial, residential, and governmental customers; (ii) controlling interests in two solar facilities on Oahu; and (iii) smaller projects collectively engaged in efforts to reduce the cost and improve the reliability and sustainability of energy in Hawaii. The company serves corporations, government agencies, and individual customers primarily in the United States.

Executives

Christopher Frost	director, officer: Chief Executive Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Nick O'neil	officer: Chief Financial Officer	C/O MACQUARIE INFRASTRUCTURE CORPORATION 125 WEST 55TH STREET NEW YORK NY 10019
Michael Kernan	officer: General Counsel and Secretary	125 W 55TH STREET NEW YORK NY 10019
Jay Davis	officer: Vice President	125 W. 55TH STREET LEVEL 15 NEW YORK NY 10019
Martin Stanley	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Ronald Kirk	director	TEXAS INSTRUMENTS INCORPORATED, 12500 TI BOULEVARD MS 3999, DALLAS TX 75243
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Ouma Sananikone	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC, 125 WEST 55TH STREET, NEW YORK NY 10019
Henry E Lentz	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Amanda M Brock	director	840 GESSNER ROAD, SUITE 1400, HOUSTON TX 77024
Brown Norman H Jr	director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 125 WEST 55TH STREET NEW YORK NY 10019
Mihi Llc	director, 10 percent owner	125 WEST 55TH STREET, NEW YORK NY 10019
Macquarie Infrastructure Management (usa) Inc	director, 10 percent owner	125 WEST 55TH STREET, 15TH FLOOR NEW YORK NY 10019
Macquarie Group Ltd	10 percent owner	50 MARTIN PLACE, SYDNEY, NSW 2000 C3 2000
Carmany George W Iii	other: Former Director	C/O MACQUARIE INFRASTRUCTURE COMPANY LLC 600 FIFTH AVENUE, 21ST FLOOR NEW YORK NY 10020