Manitowoc Co (Manitowoc Co) Inventory Turnover

: 0.72 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

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. Manitowoc Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $497 Mil. Manitowoc Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $693 Mil. Manitowoc Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manitowoc Co's Days Inventory for the three months ended in Dec. 2023 was 127.35.

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. Manitowoc Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.16.

Manitowoc Co Inventory Turnover Historical Data

The historical data trend for Manitowoc Co'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.

Manitowoc Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.26

2.54

2.69

2.81

2.82

Manitowoc Co 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															0.79	0.60	0.66	0.59	0.72

Manitowoc Co Inventory Turnover Calculation

Manitowoc Co'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 )
=	1802.6	/ (	(611.9	+	666.5)	/	2 )
=	1802.6	/	639.2
=	2.82

Manitowoc Co'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 )
=	496.7	/ (	(719.9	+	666.5)	/	2 )
=	496.7	/	693.2
=	0.72

Manitowoc Co (NYSE:MTW) 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.

Manitowoc Co'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
	=	693.2	/	496.7	*	365 / 4
	=	127.35

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.

Manitowoc Co'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 )
	=	693.2	/	595.8
	=	1.16

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.

Manitowoc Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Manitowoc Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Manitowoc Co (Manitowoc Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Manitowoc Co Inc (NYSE:MTW) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

11270 West Park Place, Suite 1000, Milwaukee, WI, USA, 53224

Website

https://www.manitowoc.com

Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.

Executives

Anne E Belec	director	C/O THE MANITOWOC COMPANY, INC., 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Jennifer L Peterson	officer: EVP, Gen. Counsel & Secretary	ONE PARK PLAZA, 11270 W PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
James Steele Cook	officer: EVP, Human Resources	11270 WEST PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Ryan M Palmer	officer: VP, Corporate Controller & POA	11270 WEST PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
John Charles Pfeifer	director	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Anne M Cooney	director	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Aaron H. Ravenscroft	officer: President & CEO	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Leslie L. Middleton	officer: EVP Mobile Cranes	THE MANITOWOC COMPANY, INC., ONE PARK PLAZA, 11270 W PARK PL STE 1000, MILWAUKEE WI 53224
Brian P Regan	officer: VP, Corporate Controller & PAO	THE MANITOWOC COMPANY INC ONE PARK PLAZA, 11270 W PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Kenneth W Krueger	director
Robert W Malone	director	6035 PARKLAND BOULEVARD, CLEVELAND OH 44124
Amy Rochelle Davis	director	500 JACKSON STREET, COLUMBUS IN 47201
Terrance L Collins	officer: EVP Human Resources	C/O ZEBRA TECHNOLOGIES CORPORATION, 475 HALF DAY ROAD, SUITE 500, LINCOLNSHIRE IL 60069
Charles David Myers	director	ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Condon Donald Marion Jr	director	2801 POAST OAK BLVD., SUITE 600, HOUSTON TX 77056