Massivit 3D Printing Technologies (XTAE:MSVT) Inventory Turnover : 0.60 (As of Dec. 2023)

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What is Massivit 3D Printing Technologies 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. Massivit 3D Printing Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪11.82 Mil. Massivit 3D Printing Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was ₪19.69 Mil. Massivit 3D Printing Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Massivit 3D Printing Technologies's Days Inventory for the six months ended in Dec. 2023 was 304.17.

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. Massivit 3D Printing Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

Massivit 3D Printing Technologies Inventory Turnover Historical Data

The historical data trend for Massivit 3D Printing Technologies'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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Massivit 3D Printing Technologies Inventory Turnover Chart

Massivit 3D Printing Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.33

2.51

2.16

1.54

Massivit 3D Printing Technologies Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			1.69	0.98	1.16	0.80	0.60

Massivit 3D Printing Technologies Inventory Turnover Calculation

Massivit 3D Printing Technologies'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 )
=	25.137	/ (	(13.28	+	19.278)	/	2 )
=	25.137	/	16.279
=	1.54

Massivit 3D Printing Technologies'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 )
=	11.816	/ (	(20.109	+	19.278)	/	2 )
=	11.816	/	19.6935
=	0.60

Massivit 3D Printing Technologies (XTAE:MSVT) 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.

Massivit 3D Printing Technologies'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
	=	19.6935	/	11.816	*	365 / 2
	=	304.17

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.

Massivit 3D Printing Technologies'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 )
	=	19.6935	/	28.409
	=	0.69

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.

Massivit 3D Printing Technologies Inventory Turnover Related Terms

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Massivit 3D Printing Technologies (XTAE:MSVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Massivit 3D Printing Technologies Ltd (XTAE:MSVT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

11 Pesakh Lev Street, Lod, ISR, 712936

Website

https://www.massivit3d.com

Massivit 3D Printing Technologies Ltd is engaged in providing 3D printing solutions for the Engineering, Visual Communications, Entertainment, Academia, Interior Design, and Architectural markets.

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