Sphere Entertainment Co (MEX:MSGE) Inventory Turnover : 11.08 (As of Sep. 2024)

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What is Sphere Entertainment Co 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. Sphere Entertainment Co's Cost of Goods Sold for the three months ended in Sep. 2024 was MXN2,751 Mil. Sphere Entertainment Co's Average Total Inventories for the quarter that ended in Sep. 2024 was MXN248 Mil. Sphere Entertainment Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 11.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sphere Entertainment Co's Days Inventory for the three months ended in Sep. 2024 was 8.23.

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. Sphere Entertainment Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.06.

Sphere Entertainment Co Inventory Turnover Historical Data

The historical data trend for Sphere Entertainment Co'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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Sphere Entertainment Co Inventory Turnover Chart

Sphere Entertainment Co Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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46.06

Sphere Entertainment Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															35.39	95.54	118.57	22.29	11.08

Sphere Entertainment Co Inventory Turnover Calculation

Sphere Entertainment Co's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	10036.192	/ (	(0	+	217.881)	/	1 )
=	10036.192	/	217.881
=	46.06

Sphere Entertainment Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2750.656	/ (	(217.881	+	278.421)	/	2 )
=	2750.656	/	248.151
=	11.08

Sphere Entertainment Co (MEX:MSGE) 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.

Sphere Entertainment Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	248.151	/	2750.656	*	365 / 4
	=	8.23

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.

Sphere Entertainment Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	248.151	/	4487.675
	=	0.06

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.

Sphere Entertainment Co Inventory Turnover Related Terms

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Sphere Entertainment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sphere Entertainment Co (MEX:MSGE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SPHR:USA MQ2:Germany

Address

Two Penn Plaza, New York, NY, USA, 10121

Website

https://www.sphereentertainmentco.com

Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments which includeSphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.