mm2 Asia (SGX:1B0) Inventory Turnover : 111.82 (As of Sep. 2023)

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What is mm2 Asia 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. mm2 Asia's Cost of Goods Sold for the six months ended in Sep. 2023 was S$89.5 Mil. mm2 Asia's Average Total Inventories for the quarter that ended in Sep. 2023 was S$0.8 Mil. mm2 Asia's Inventory Turnover for the quarter that ended in Sep. 2023 was 111.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. mm2 Asia's Days Inventory for the six months ended in Sep. 2023 was 1.63.

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. mm2 Asia's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.01.

mm2 Asia Inventory Turnover Historical Data

The historical data trend for mm2 Asia'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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mm2 Asia Inventory Turnover Chart

mm2 Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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364.07

123.27

36.06

52.59

117.61

mm2 Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															20.36	26.95	37.35	70.63	111.82

mm2 Asia Inventory Turnover Calculation

mm2 Asia's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	106.611	/ (	(1.013	+	0.8)	/	2 )
=	106.611	/	0.9065
=	117.61

mm2 Asia's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	89.457	/ (	(0.8	+	0.8)	/	2 )
=	89.457	/	0.8
=	111.82

mm2 Asia (SGX:1B0) 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.

mm2 Asia's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.8	/	89.457	*	365 / 2
	=	1.63

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.

mm2 Asia's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.8	/	128.734
	=	0.01

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.

mm2 Asia Inventory Turnover Related Terms

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mm2 Asia (SGX:1B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » mm2 Asia Ltd (SGX:1B0) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

1MMA:Germany

Address

1002 Jalan Bukit Merah, No. 07-11, Redhill Industrial Estate, Singapore, SGP, 159456

Website

https://www.mm2asia.com

mm2 Asia Ltd Asia Ltd's core business lies in film, TV, and online content production, distribution, and sponsorship. across the content, entertainment, cinema, event, and concert industries in Singapore, Malaysia, Hong Kong, Taiwan, China, and the United States of America. The company's reportable segments include Core business, Digital content production, Cinema operations, Concerts and events, and others. The Cinema operations segment refers to sales of cinema tickets and concessions, hall rental, and screen advertising. The Core business segment refers to the group's production and distribution of motion pictures, video and television programs, and sponsorship. It generates maximum revenue from the Core segment. Geographically, it derives a majority of its revenue from Singapore.

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