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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Inventory Turnover : 0.25 (As of Dec. 2023)


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What is Mitre Realty Empreendimentos E Participacoes 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. Mitre Realty Empreendimentos E Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$224.3 Mil. Mitre Realty Empreendimentos E Participacoes's Average Total Inventories for the quarter that ended in Dec. 2023 was R$914.1 Mil. Mitre Realty Empreendimentos E Participacoes's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitre Realty Empreendimentos E Participacoes's Days Inventory for the three months ended in Dec. 2023 was 371.95.

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. Mitre Realty Empreendimentos E Participacoes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.28.


Mitre Realty Empreendimentos E Participacoes Inventory Turnover Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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.

* Premium members only.

Mitre Realty Empreendimentos E Participacoes Inventory Turnover Chart

Mitre Realty Empreendimentos E Participacoes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 2.34 2.35 0.96 0.73 0.90

Mitre Realty Empreendimentos E Participacoes Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.24 0.17 0.17 0.24 0.25

Mitre Realty Empreendimentos E Participacoes Inventory Turnover Calculation

Mitre Realty Empreendimentos E Participacoes'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 )
=742.275 / ((825.047 + 820.079) / 2 )
=742.275 / 822.563
=0.90

Mitre Realty Empreendimentos E Participacoes'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=224.261 / ((1008.184 + 820.079) / 2 )
=224.261 / 914.1315
=0.25

* 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.


Mitre Realty Empreendimentos E Participacoes  (BSP:MTRE3) 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.

Mitre Realty Empreendimentos E Participacoes's Days Inventory for the three 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
=914.1315/224.261*365 / 4
=371.95

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.

Mitre Realty Empreendimentos E Participacoes'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 )
=914.1315 / 278.713
=3.28

* 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.


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.


Mitre Realty Empreendimentos E Participacoes Inventory Turnover Related Terms

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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001
Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Headlines

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