MLG Oz (ASX:MLG) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is MLG Oz 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. MLG Oz's Cost of Goods Sold for the six months ended in Dec. 2023 was A$-0.0 Mil. MLG Oz's Average Total Inventories for the quarter that ended in Dec. 2023 was A$15.7 Mil. MLG Oz's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

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

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. MLG Oz's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

MLG Oz Inventory Turnover Historical Data

The historical data trend for MLG Oz'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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MLG Oz Inventory Turnover Chart

MLG Oz Annual Data

Trend

Jun21

Jun22

Jun23

Inventory Turnover

0.23

0.06

0.01

MLG Oz Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			0.01	0.05	-0.02	0.04	-

MLG Oz Inventory Turnover Calculation

MLG Oz's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.15999999999997	/ (	(18.162	+	14.551)	/	2 )
=	0.15999999999997	/	16.3565
=	0.01

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	-0.0029999999999859	/ (	(14.551	+	16.895)	/	2 )
=	-0.0029999999999859	/	15.723
=	-0.00

MLG Oz (ASX:MLG) 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.

MLG Oz's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	15.723	/	-0.0029999999999859	*	365 / 2
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	15.723	/	223.223
	=	0.07

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.

MLG Oz Inventory Turnover Related Terms

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MLG Oz (ASX:MLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MLG Oz Ltd (ASX:MLG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Yindi Way, Broadwood, Kalgoorlie, WA, AUS, 6430

Website

https://www.mlgoz.com.au

MLG Oz Ltd operates within the Australian mining industry. It offers comprehensive supply chain solutions such as crushing and screening, quarry products and bulk transport services.