Mears Group (LSE:MER) Change In Inventory : £5 Mil (TTM As of Dec. 2023)

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What is Mears Group Change In Inventory?

Mears Group's change in inventory for the quarter that ended in Dec. 2023 was £6 Mil. It means Mears Group's inventory declined by £6 Mil from Jun. 2023 to Dec. 2023 .

Mears Group's change in inventory for the fiscal year that ended in Dec. 2023 was £5 Mil. It means Mears Group's inventory declined by £5 Mil from Dec. 2022 to Dec. 2023 .

Mears Group's Total Inventories for the quarter that ended in Dec. 2023 was £1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mears Group's Days Inventory for the quarter that ended in Dec. 2023 was 1.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mears Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 96.82.

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. Mears Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Mears Group Change In Inventory Historical Data

The historical data trend for Mears 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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Mears Group Change In Inventory Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-6.36

4.79

12.94

15.99

5.42

Mears Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															3.40	9.74	6.25	-0.92	6.34

Mears 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £5 Mil.

Mears Group (LSE:MER) Change In Inventory Explanation

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

Mears 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
	=	4.632	/	448.463	*	365 / 2
	=	1.88

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

Mears Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	448.463	/	4.632
	=	96.82

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.

Mears Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.632	/	563.686
	=	0.01

Mears Group Change In Inventory Related Terms

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Mears Group (LSE:MER) Business Description

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MERl:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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