Molinos Rio De La Plata (Molinos Rio De La Plata) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is Molinos Rio De La Plata 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. Molinos Rio De La Plata's Cost of Goods Sold for the three months ended in Mar. 2024 was $144 Mil. Molinos Rio De La Plata's Average Total Inventories for the quarter that ended in Mar. 2024 was $257 Mil. Molinos Rio De La Plata's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Molinos Rio De La Plata's Days Inventory for the three months ended in Mar. 2024 was 162.92.

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. Molinos Rio De La Plata's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

Molinos Rio De La Plata Inventory Turnover Historical Data

The historical data trend for Molinos Rio De La Plata'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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Molinos Rio De La Plata Inventory Turnover Chart

Molinos Rio De La Plata Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.97

3.94

3.68

3.76

1.71

Molinos Rio De La Plata Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.27	0.88	0.78	1.75	0.56

Molinos Rio De La Plata Inventory Turnover Calculation

Molinos Rio De La Plata'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 )
=	851.072	/ (	(705.592	+	289.541)	/	2 )
=	851.072	/	497.5665
=	1.71

Molinos Rio De La Plata's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	143.865	/ (	(289.541	+	224.185)	/	2 )
=	143.865	/	256.863
=	0.56

Molinos Rio De La Plata (OTCPK:MOPLF) 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.

Molinos Rio De La Plata's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	256.863	/	143.865	*	365 / 4
	=	162.92

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.

Molinos Rio De La Plata's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	256.863	/	204.99
	=	1.25

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.

Molinos Rio De La Plata Inventory Turnover Related Terms

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Molinos Rio De La Plata (Molinos Rio De La Plata) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Molinos Rio De La Plata SA (OTCPK:MOPLF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MOLI5:Argentina MOLI:Argentina

Address

Uruguay 4075, Victoria, Buenos Aires, ARG, B1644HKG

Website

https://www.molinos.com.ar

Molinos Rio De La Plata SA produces, markets and distributes food products. It offers consumer products, including edible oils, frozen foods, dry and fresh pasta, grated bread, sausage, rice, premixes, mate, margarines, and luncheon meat products.

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