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McGrath RentCorp's change in inventory for the quarter that ended in Mar. 2024 was $-9.1 Mil. It means McGrath RentCorp's inventory increased by $9.1 Mil from Dec. 2023 to Mar. 2024 .
McGrath RentCorp's change in inventory for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means McGrath RentCorp's inventory stayed the same from Dec. 2022 to Dec. 2023 .
McGrath RentCorp's Total Inventories for the quarter that ended in Mar. 2024 was $24.5 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. McGrath RentCorp's Days Inventory for the quarter that ended in Mar. 2024 was 11.84.
Inventory Turnover measures how fast the company turns over its inventory within a year. McGrath RentCorp's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.70.
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. McGrath RentCorp's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.
The historical data trend for McGrath RentCorp's Change In Inventory 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.
McGrath RentCorp Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Inventory | Get a 7-Day Free Trial | - | - | - | - | - |
McGrath RentCorp Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Inventory | Get a 7-Day Free Trial | -5.31 | - | - | - | -9.12 |
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.1 Mil.
* 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.
McGrath RentCorp (NAS:MGRC) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
McGrath RentCorp's Days Inventory for the quarter that ended in is calculated as:
Days Inventory | = | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period |
= | 12.274 | / | 94.559 | * | 365 / 4 | |
= | 11.84 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
McGrath RentCorp's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 94.559 | / | 12.274 | |
= | 7.70 |
3. 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.
McGrath RentCorp's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 12.274 | / | 187.827 | |
= | 0.07 |
* 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.
Thank you for viewing the detailed overview of McGrath RentCorp's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Trease Kristina Van | officer: VP & Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
David M Whitney | officer: VP, Controller, PAO | 5700 LOS POSITAS ROAD, LIVERMORE CA 94551 |
Elizabeth A Fetter | director | 1400 MARINA WAY SOUTH, RICHMOND CA 94804 |
Philip B Hawkins | officer: VP & Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Tara Wescott | officer: Vice President Human Resources | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
John Lieffrig | officer: VP & Division Manager | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
John P Skenesky | officer: VP and Division Manager | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Gilda Malek | officer: VP, Legal General Counsel | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Dennis P Stradford | director | |
Kimberly Ann Box | director | 7157 TREELINE CT., GRANITE BAY CA 95746 |
Nicolas C Anderson | director | 3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670 |
Stuart Templeton Porter | officer: VP & Division Manager | C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Kay Dashner | officer: Senior Human Resources Advisor | 5700 LAS POSITAS ROAD, LIVERMORE CA 94551 |
Morris Richard Smith | director | 1225 17TH STREET, SUITE 1300, DENVER CO 80202 |
Smita Conjeevaram | director | 70 HERETOLD ROAD, BRONXVILLE NY 17708 |
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