Monbat AD (XBUL:MONB) Inventory Turnover : 0.54 (As of Sep. 2023)

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What is Monbat AD 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. Monbat AD's Cost of Goods Sold for the three months ended in Sep. 2023 was лв58.6 Mil. Monbat AD's Average Total Inventories for the quarter that ended in Sep. 2023 was лв108.1 Mil. Monbat AD's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Monbat AD's Days Inventory for the three months ended in Sep. 2023 was 168.32.

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. Monbat AD's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.17.

Monbat AD Inventory Turnover Historical Data

The historical data trend for Monbat AD'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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Monbat AD Inventory Turnover Chart

Monbat AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.46

2.48

1.96

2.36

2.50

Monbat AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.59	0.67	0.56	0.54

Monbat AD Inventory Turnover Calculation

Monbat AD's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	263.062	/ (	(104.761	+	105.398)	/	2 )
=	263.062	/	105.0795
=	2.50

Monbat AD's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	58.601	/ (	(108.77	+	107.418)	/	2 )
=	58.601	/	108.094
=	0.54

Monbat AD (XBUL:MONB) 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.

Monbat AD's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	108.094	/	58.601	*	365 / 4
	=	168.32

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.

Monbat AD's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	108.094	/	92.099
	=	1.17

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.

Monbat AD Inventory Turnover Related Terms

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Monbat AD (XBUL:MONB) Business Description

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Address

32 A Cherni vrah boulevard, Floor 4, Sofia, BGR, 1407

Website

https://www.monbatgroup.com

Monbat AD is a Bulgaria-based company engaged in the production and maintenance of and sale of batteries; engineering and development activity; production and trade of equipment used in battery manufacturing; domestic and foreign trade and establishment of commercial networks; specialized stores and representative offices; recycling of lead and lead containing alloys. The company's product range includes starter batteries, stationary batteries, deep cycle batteries, and leisure batteries, special batteries for military applications and locomotive batteries. Additionally, it is also involved in the production of light emitting diode (LED) lighting. The company operates geographically across Bulgaria, Serbia, Romania, Nigeria, and others.

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