MasterCraft Boat Holdings (MasterCraft Boat Holdings) Inventory Turnover : 1.64 (As of Dec. 2023)

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What is MasterCraft Boat Holdings 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. MasterCraft Boat Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $80.8 Mil. MasterCraft Boat Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $49.3 Mil. MasterCraft Boat Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MasterCraft Boat Holdings's Days Inventory for the three months ended in Dec. 2023 was 55.67.

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. MasterCraft Boat Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

MasterCraft Boat Holdings Inventory Turnover Historical Data

The historical data trend for MasterCraft Boat Holdings'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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MasterCraft Boat Holdings Inventory Turnover Chart

MasterCraft Boat Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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13.82

10.22

8.62

8.45

8.42

MasterCraft Boat Holdings 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															2.03	2.35	2.18	1.45	1.64

MasterCraft Boat Holdings Inventory Turnover Calculation

MasterCraft Boat Holdings'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 )
=	492.333	/ (	(58.595	+	58.298)	/	2 )
=	492.333	/	58.4465
=	8.42

MasterCraft Boat Holdings'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 )
=	80.752	/ (	(55.472	+	43.056)	/	2 )
=	80.752	/	49.264
=	1.64

MasterCraft Boat Holdings (NAS:MCFT) 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.

MasterCraft Boat Holdings'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
	=	49.264	/	80.752	*	365 / 4
	=	55.67

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.

MasterCraft Boat Holdings'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 )
	=	49.264	/	99.481
	=	0.50

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.

MasterCraft Boat Holdings Inventory Turnover Related Terms

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MasterCraft Boat Holdings (MasterCraft Boat Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MasterCraft Boat Holdings Inc (NAS:MCFT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

1SG:Germany

Address

100 Cherokee Cove Drive, Vonore, TN, USA, 37885

Website

https://www.mastercraft.com

MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments. The MasterCraft segment generates the majority of the company's revenue and includes inboard boats for water skiing, wakeboarding, and wake surfing. The NauticStar segment includes outboard boats for fishing and recreational boating. Its Crest boats are used for general recreational boating. the majority of the company's sales are made in North America.

Executives

Donald C Campion	director	3747 LOCH BEND DR., COMMERCE MI 48382
Coliseum Capital Management, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Kamilah Mitchell-thomas	director	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Coliseum Capital Partners, L.p.	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Adam Gray	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Coliseum Capital, Llc	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Christopher S Shackelton	10 percent owner	105 ROWAYTON AVENUE, ROWAYTON CT 06853
Stephan Cloutier	officer: President, Aviara	C/O MASTERCRAFT BOAT HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jennifer Deason	director	1040 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10018
Peter G Leemputte	director	CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601
Roch Lambert	director	100 CHEROKEE COVE DRIVE, VONORE TN 37855
George Steinbarger	officer: Chief Revenue Officer	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Timothy M. Oxley	officer: Chief Financial Officer	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855
Scott Womack	officer: President, NauticStar	100 CHEROKEE COVE DRIVE, VONORE TN 37885
Jay S. Povlin	officer: President, NauticStar	C/O MCBC HOLDINGS, INC., 100 CHEROKEE COVE DRIVE, VONORE TN 37855