Multistack International (ASX:MSI) Inventory Turnover : 1.67 (As of Dec. 2023)

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What is Multistack International 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. Multistack International's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.28 Mil. Multistack International's Average Total Inventories for the quarter that ended in Dec. 2023 was A$0.17 Mil. Multistack International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Multistack International's Days Inventory for the six months ended in Dec. 2023 was 109.30.

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. Multistack International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.56.

Multistack International Inventory Turnover Historical Data

The historical data trend for Multistack International'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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Multistack International Inventory Turnover Chart

Multistack International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.96

1.75

2.54

0.57

2.87

Multistack International 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															1.28	1.41	0.23	1.92	1.67

Multistack International Inventory Turnover Calculation

Multistack International'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 )
=	1.454	/ (	(0.952	+	0.062)	/	2 )
=	1.454	/	0.507
=	2.87

Multistack International'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 )
=	0.278	/ (	(0.271	+	0.062)	/	2 )
=	0.278	/	0.1665
=	1.67

Multistack International (ASX:MSI) 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.

Multistack International'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
	=	0.1665	/	0.278	*	365 / 2
	=	109.30

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.

Multistack International'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 )
	=	0.1665	/	0.296
	=	0.56

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.

Multistack International Inventory Turnover Related Terms

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Multistack International (ASX:MSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Multistack International Ltd (ASX:MSI) » Definitions » Inventory Turnover

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Address

17 Friars Road, Moorabbin, Melbourne, VIC, AUS, 3189

Website

https://www.multistack.com.au

Multistack International Ltd engages in the marketing and distribution of industrial air conditioning equipment through its wholly-owned subsidiary, DunnAir International Ltd. The company has two segments namely Heating, ventilation, air conditioning, and Passive investment operations. It generates maximum revenue from the Heating, ventilation, and air conditioning segment. The company distributes its products in New Zealand, the Philippines, South Korea, and the middle east region. Its products include Water-Cooled, Air-Cooled, MagLev Water-Cooled, MagLev Air-Cooled, Heat Pump/Dedicated Heat Recovery Chillers, Centrifugal Modules, and Air-Cooled Split.