MTY Food Group (MTY Food Group) Change In Inventory : $-0.6 Mil (TTM As of Feb. 2024)

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What is MTY Food Group Change In Inventory?

MTY Food Group's change in inventory for the quarter that ended in Feb. 2024 was $0.9 Mil. It means MTY Food Group's inventory declined by $0.9 Mil from Nov. 2023 to Feb. 2024 .

MTY Food Group's change in inventory for the fiscal year that ended in Nov. 2023 was $-1.1 Mil. It means MTY Food Group's inventory increased by $1.1 Mil from Nov. 2022 to Nov. 2023 .

MTY Food Group's Total Inventories for the quarter that ended in Feb. 2024 was $14.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MTY Food Group's Days Inventory for the quarter that ended in Feb. 2024 was 10.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. MTY Food Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 9.07.

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. MTY Food Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.07.

MTY Food Group Change In Inventory Historical Data

The historical data trend for MTY Food Group'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.

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MTY Food Group Change In Inventory Chart

MTY Food Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Inventory

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0.81

-1.51

-1.09

-1.52

-1.13

MTY Food Group Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															0.40	-0.15	-0.19	-1.18	0.90

MTY Food Group Change In Inventory Calculation

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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.6 Mil.

MTY Food Group (OTCPK:MTYFF) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

MTY Food Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	14.7785	/	134.053	*	365 / 4
	=	10.06

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

MTY Food Group's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	134.053	/	14.7785
	=	9.07

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.

MTY Food Group's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.7785	/	206.403
	=	0.07

MTY Food Group Change In Inventory Related Terms

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MTY Food Group (MTY Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (OTCPK:MTYFF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada and US and International. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.

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