Modern Times Group MTG AB (STU:MRTA) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Modern Times Group MTG AB 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. Modern Times Group MTG AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €33.9 Mil. Modern Times Group MTG AB's Average Total Inventories for the quarter that ended in Mar. 2024 was €0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Modern Times Group MTG AB's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Modern Times Group MTG AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Modern Times Group MTG AB Inventory Turnover Historical Data

The historical data trend for Modern Times Group MTG AB'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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Modern Times Group MTG AB Inventory Turnover Chart

Modern Times Group MTG AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.84

150.59

148.49

142.23

Modern Times Group MTG AB 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															-	-	-	-	-

Modern Times Group MTG AB Inventory Turnover Calculation

Modern Times Group MTG AB'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 )
=	140.979	/ (	(0	+	0)	/	1 )
=	140.979	/	0
=	N/A

Modern Times Group MTG AB'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 )
=	33.932	/ (	(0	+	0)	/	1 )
=	33.932	/	0
=	N/A

Modern Times Group MTG AB (STU:MRTA) 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.

Modern Times Group MTG AB'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
	=	0	/	33.932	*	365 / 4
	=	0.00

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.

Modern Times Group MTG AB'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 )
	=	0	/	127.865
	=	0.00

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.

Modern Times Group MTG AB Inventory Turnover Related Terms

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Modern Times Group MTG AB (STU:MRTA) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Modern Times Group MTG AB (STU:MRTA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MTG B:Sweden MTG A:Sweden 0GXJ:UK

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.mtg.com

Modern Times Group MTG AB invests in esports, mobile games and other digital entertainment. The group's companies offer a wide range of games available to audiences all over the world. MTG's portfolio of IP spans across both the casual and mid-core segments of the gaming market. A vast majority of games are available to consumers on a free-to-play (F2P) basis, and the group primarily generates revenues from in-app purchases and in-app advertising. The Group operates in Europe, Singapore, USA, India and New Zealand.

Modern Times Group MTG AB (STU:MRTA) Headlines

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