Manila Broadcasting Co (PHS:MBC) Inventory Turnover : 14.17 (As of Jun. 2024)

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What is Manila Broadcasting 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. Manila Broadcasting Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₱120 Mil. Manila Broadcasting Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₱8 Mil. Manila Broadcasting Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 14.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manila Broadcasting Co's Days Inventory for the three months ended in Jun. 2024 was 6.44.

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. Manila Broadcasting Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.03.

Manila Broadcasting Co Inventory Turnover Historical Data

The historical data trend for Manila Broadcasting 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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Manila Broadcasting Co Inventory Turnover Chart

Manila Broadcasting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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78.19

53.41

93.13

107.92

82.34

Manila Broadcasting Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															19.62	16.65	30.18	13.90	14.17

Manila Broadcasting Co Inventory Turnover Calculation

Manila Broadcasting Co'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 )
=	661.38	/ (	(8.108	+	7.957)	/	2 )
=	661.38	/	8.0325
=	82.34

Manila Broadcasting Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	119.82	/ (	(8.483	+	8.429)	/	2 )
=	119.82	/	8.456
=	14.17

Manila Broadcasting Co (PHS:MBC) 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.

Manila Broadcasting Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	8.456	/	119.82	*	365 / 4
	=	6.44

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.

Manila Broadcasting Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	8.456	/	252.349
	=	0.03

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.

Manila Broadcasting Co Inventory Turnover Related Terms

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Manila Broadcasting Co Business Description

Industry

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Address

Vicente Sotto Street, MBC Building, CCP Complex, Pasay City, PHL, 1307

Website

https://manilabroadcasting.com.ph

Manila Broadcasting Co owns and operates radio stations. It is principally engaged in the radio broadcasting business which includes various programming formats, such as DZRH and "Aksyon Radyo" stations, Love Radio, YES FM, Hot-FM, Radyo Natin and Easy Rock. The company also broadcasts and organizes events, and produces and sponsors concerts. The activity of the group is operated through cities or towns of the Philippines. The revenue sources of the company are derived from the provision of services like broadcasting fee.