MPower Group (ASX:MPR) Inventory Turnover : 17.73 (As of Dec. 2023)

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What is MPower Group 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. MPower Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.65 Mil. MPower Group's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.04 Mil. MPower Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 17.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MPower Group's Days Inventory for the six months ended in Dec. 2023 was 10.30.

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

MPower Group Inventory Turnover Historical Data

The historical data trend for MPower Group'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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MPower Group Inventory Turnover Chart

MPower Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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5.34

1.46

48.33

19.44

24.47

MPower Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															7.08	11.61	10.93	17.46	17.73

MPower Group Inventory Turnover Calculation

MPower Group'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 )
=	1.615	/ (	(0.093	+	0.039)	/	2 )
=	1.615	/	0.066
=	24.47

MPower Group'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 )
=	0.647	/ (	(0.039	+	0.034)	/	2 )
=	0.647	/	0.0365
=	17.73

MPower Group (ASX:MPR) 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.

MPower Group'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
	=	0.0365	/	0.647	*	365 / 2
	=	10.30

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.

MPower Group'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 )
	=	0.0365	/	2.461
	=	0.01

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.

MPower Group Inventory Turnover Related Terms

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MPower Group (ASX:MPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MPower Group Ltd (ASX:MPR) » Definitions » Inventory Turnover

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Address

15 Bourke Road, Level 4, Mascot, Sydney, NSW, AUS, 2020

Website

https://www.mpower.com.au

MPower Group Ltd is a technology company. The company is a specialist renewable energy and battery storage developer and owner. It specializes in the delivery of on-grid and off-grid power solutions and products for blue-chip customers. The company's operating segment includes Energy services and energy investments. It generates maximum revenue from the energy services segment. Geographically, it derives its revenue from Australia. The company's projects include Solar Farms, Battery Energy Storage Systems, Hybrid Power Systems, and Backup Power Systems.

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