MALDF (Macau Legend Development) Inventory Turnover : 29.61 (As of Dec. 2024)

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What is Macau Legend Development 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. Macau Legend Development's Cost of Goods Sold for the six months ended in Dec. 2024 was $42.89 Mil. Macau Legend Development's Average Total Inventories for the quarter that ended in Dec. 2024 was $1.45 Mil. Macau Legend Development's Inventory Turnover for the quarter that ended in Dec. 2024 was 29.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macau Legend Development's Days Inventory for the six months ended in Dec. 2024 was 6.16.

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. Macau Legend Development's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Macau Legend Development Inventory Turnover Historical Data

The historical data trend for Macau Legend Development'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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Macau Legend Development Inventory Turnover Chart

Macau Legend Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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41.56

57.40

45.98

32.67

41.37

Macau Legend Development Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															14.45	16.58	16.83	21.11	29.61

Macau Legend Development Inventory Turnover Calculation

Macau Legend Development's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	86.935	/ (	(2.73	+	1.473)	/	2 )
=	86.935	/	2.1015
=	41.37

Macau Legend Development's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	42.889	/ (	(1.424	+	1.473)	/	2 )
=	42.889	/	1.4485
=	29.61

Macau Legend Development (OTCPK:MALDF) 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.

Macau Legend Development's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.4485	/	42.889	*	365 / 2
	=	6.16

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.

Macau Legend Development's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.4485	/	49.022
	=	0.03

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.

Macau Legend Development Inventory Turnover Related Terms

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Macau Legend Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Macau Legend Development Ltd (OTCPK:MALDF) » Definitions » Inventory Turnover

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01680:Hong Kong

Address

Avenida da Amizade e Avenida da, Palace Building, Macau Fisherman’s Wharf, Dr. Sun Yat Sen, Macau, MAC

Website

http://www.macaulegend.com

Macau Legend Development Ltd is an investment holdings company. Its businesses include the provision of gaming services to SJM 's casino in its property, namely the Legend Palace Casino in MFW under the Service Agreement; and the operation of hotels, entertainment and leisure facilities within its properties. The company's segment includes: Gaming and Non-gaming. It derives maximum revenue from Non-Gaming segment, which includes operations at MFW including hotel and other operations such as licensing income from the shops, provision of building management service, food and beverage and others. The Group's operations are located on Macau and others (including Cambodia and Cape Verde).