Movement Industries (Movement Industries) Inventory Turnover : 8.69 (As of Jun. 2023)

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What is Movement Industries 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. Movement Industries's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.58 Mil. Movement Industries's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.07 Mil. Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 was 8.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movement Industries's Days Inventory for the six months ended in Jun. 2023 was 21.01.

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. Movement Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.08.

Movement Industries Inventory Turnover Historical Data

The historical data trend for Movement Industries'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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Movement Industries Inventory Turnover Chart

Movement Industries Annual Data

Trend

Jun22

Jun23

Inventory Turnover

24.13

8.69

Movement Industries Semi-Annual Data
	Jun22	Jun23
Inventory Turnover	24.13	8.69

Movement Industries Inventory Turnover Calculation

Movement Industries's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.582	/ (	(0.038	+	0.096)	/	2 )
=	0.582	/	0.067
=	8.69

Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.582	/ (	(0.038	+	0.096)	/	2 )
=	0.582	/	0.067
=	8.69

Movement Industries (OTCPK:MVNT) 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.

Movement Industries's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.067	/	0.582	*	365 / 2
	=	21.01

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.

Movement Industries's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.067	/	0.868
	=	0.08

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.

Movement Industries Inventory Turnover Related Terms

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Movement Industries (Movement Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Movement Industries Corp (OTCPK:MVNT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6829 Flintlock Road, Houston, TX, USA, 77040

Website

https://www.mvmnt.in

Movement Industries Corp is engaged in investments in emerging growth companies in the energy, oil and gas, and industrial manufacturing sectors. The company also offers its services to utilities, technology, agriculture, and medical industries. It provides valves, actuators, pumps, tanks, and wellhead control panels, CNC Machining, Waterjet, Plasma, Laser Cutting, Welding and Fabrication, control systems, and communication systems among its many products and services. The company operates in North America, South America and is expanding globally with new ventures into Africa and market studies into the European and Asian markets.