Minim (MINM) Inventory Turnover : 0.04 (As of Mar. 2024)

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What is Minim 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. Minim's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.43 Mil. Minim's Average Total Inventories for the quarter that ended in Mar. 2024 was $9.95 Mil. Minim's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minim's Days Inventory for the three months ended in Mar. 2024 was 2,097.49.

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. Minim's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 15.55.

Minim Inventory Turnover Historical Data

The historical data trend for Minim'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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Minim Inventory Turnover Chart

Minim Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.48

2.87

1.45

1.30

1.45

Minim Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.34	0.33	0.67	0.11	0.04

Minim Inventory Turnover Calculation

Minim'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 )
=	25.635	/ (	(25.415	+	9.953)	/	2 )
=	25.635	/	17.684
=	1.45

Minim's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.433	/ (	(9.953	+	0)	/	1 )
=	0.433	/	9.953
=	0.04

Minim (NAS:MINM) 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.

Minim's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	9.953	/	0.433	*	365 / 4
	=	2,097.49

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.

Minim's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	9.953	/	0.64
	=	15.55

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.

Minim Inventory Turnover Related Terms

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Minim (MINM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minim Inc (NAS:MINM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3EM0:Germany

Address

848 Elm Street, Manchester, NH, USA, 03101

Website

https://www.minim.com

Minim Inc manufactures communications equipment. The company delivers smart software-driven communications products under the Motorola brand. Its hardware products include cable modems, cable modems/routers, mobile broadband modems, wireless routers, MoCA adapters, and mesh home networking devices. Geographically, it generates nearly all of its revenue from North America.

Executives

Elizabeth Cash Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Jeremy P. Hitchcock	director, 10 percent owner	848 ELM STREET, 2ND FLOOR, MANCHESTER NH 03101
Andrew F. Papanicolau	director	848 ELM STREET, MANCHESTER NH 03101
Mehul A Patel	officer: Chief Financial Officer	3770 BLACKBURN COURT, CHALFONT PA 18914
Dustin Tacker	officer: Interim Chief Acctng. Officer	224 ATLANTIC ST, GLOUCESTER MA 01930
Daniel A Artusi	director	5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008
Hitchcock Elizabeth Sarah Cash	director, 10 percent owner	101 ARCH STREET, BOSTON MA 02110
Sandra Kaye Howe	director	101 ARCH STREET, BOSTON MA 02110
David Bradley Aronoff	director	101 ARCH STREET, BOSTON MA 02110
Graham James Chynoweth	director, officer: Chief Executive Officer	101 ARCH STREET, BOSTON MA 02110
Joshua Horowitz	director	72-38 113TH STREET, APARTMENT 3L, FOREST HILLS NY 11375
Sean Patrick Doherty	officer: Chief Financial Officer	101 ARCH STREET, BOSTON MA 02110
Nicole Elisabeth Zheng	officer: President & CMO	101 ARCH STREET, BOSTON MA 02110
John Lauten	officer: Chief Operating Officer	848 ELM STREET, MANCHESTER NH 03101
Terry Manning	officer: VP of Sales & Marketing