Mears Group (FRA:MM7) Inventory Turnover : 96.50 (As of Dec. 2023)

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What is Mears Group 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. Mears Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €521 Mil. Mears Group's Average Total Inventories for the quarter that ended in Dec. 2023 was €5 Mil. Mears Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 96.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mears Group's Days Inventory for the six months ended in Dec. 2023 was 1.89.

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. Mears Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Mears Group Inventory Turnover Historical Data

The historical data trend for Mears Group'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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Mears Group Inventory Turnover Chart

Mears Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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21.07

18.63

26.73

50.45

210.35

Mears Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															15.49	21.32	37.45	57.87	96.50

Mears Group Inventory Turnover Calculation

Mears Group'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 )
=	1010.508	/ (	(7.91	+	1.698)	/	2 )
=	1010.508	/	4.804
=	210.35

Mears Group'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 )
=	520.558	/ (	(9.091	+	1.698)	/	2 )
=	520.558	/	5.3945
=	96.50

Mears Group (FRA:MM7) 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.

Mears Group'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
	=	5.3945	/	520.558	*	365 / 2
	=	1.89

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.

Mears Group'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 )
	=	5.3945	/	654.304
	=	0.01

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.

Mears Group Inventory Turnover Related Terms

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Mears Group (FRA:MM7) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Mears Group PLC (FRA:MM7) » Definitions » Inventory Turnover

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MERl:UK MER:UK MER:UK

Address

1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GBR, GL3 4AH

Website

https://www.mearsgroup.co.uk

Mears Group PLC is a UK-based company engaged in providing social housing repairs and maintenance. It provides services consisting of full housing management solutions, provision of a range of outsourced services to the public and private sectors, repairs, and maintenance, turnkey solutions for energy efficiency, development of new homes, and home improvements.

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