Matin Spinning Mills (DHA:MATINSPINN) Inventory Turnover : 0.80 (As of Dec. 2023)

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What is Matin Spinning Mills 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. Matin Spinning Mills's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT1,724 Mil. Matin Spinning Mills's Average Total Inventories for the quarter that ended in Dec. 2023 was BDT2,169 Mil. Matin Spinning Mills's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Matin Spinning Mills's Days Inventory for the three months ended in Dec. 2023 was 114.77.

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. Matin Spinning Mills's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.12.

Matin Spinning Mills Inventory Turnover Historical Data

The historical data trend for Matin Spinning Mills'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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Matin Spinning Mills Inventory Turnover Chart

Matin Spinning Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.89

3.71

3.28

2.28

2.60

Matin Spinning Mills 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															0.82	0.80	0.73	0.72	0.80

Matin Spinning Mills Inventory Turnover Calculation

Matin Spinning Mills's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	6415.053	/ (	(2341.522	+	2584.151)	/	2 )
=	6415.053	/	2462.8365
=	2.60

Matin Spinning Mills'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 )
=	1724.196	/ (	(2446.538	+	1890.846)	/	2 )
=	1724.196	/	2168.692
=	0.80

Matin Spinning Mills (DHA:MATINSPINN) 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.

Matin Spinning Mills'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
	=	2168.692	/	1724.196	*	365 / 4
	=	114.77

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.

Matin Spinning Mills'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 )
	=	2168.692	/	1935.197
	=	1.12

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.

Matin Spinning Mills Inventory Turnover Related Terms

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Matin Spinning Mills (DHA:MATINSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Matin Spinning Mills PLC (DHA:MATINSPINN) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Road 03, House 50, Capita South Avenue Tower, 6th Floor, 7 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.matinspinning.com

Matin Spinning Mills PLC manufactures and sells all types of Cotton, Viscose, Polyester, Melange and their blend in Bangladesh. The company's manufacturing plant is located at Sardagonj, Dhaka, Bangladesh.

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