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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.
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.
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 |
* 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.
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 |
* 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.
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.
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.
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 |
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