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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. Macerich Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $98.4 Mil. Macerich Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Macerich Co's Days Inventory for the three months ended in Dec. 2023 was 0.00.
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. Macerich Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for Macerich 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.
Macerich Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Macerich 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 | - | - | - | - | - |
Macerich 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 ) |
= | 394.89 | / ( | (0 | + | 0) | / | 1 ) |
= | 394.89 | / | 0 | ||||
= | N/A |
Macerich 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 ) |
= | 98.365 | / ( | (0 | + | 0) | / | 1 ) |
= | 98.365 | / | 0 | ||||
= | N/A |
* 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.
Macerich Co (NYSE:MAC) 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.
Macerich 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 |
= | 0 | / | 98.365 | * | 365 / 4 | |
= | 0.00 |
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.
Macerich 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 ) |
= | 0 | / | 238.688 | |
= | 0.00 |
* 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 Macerich Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher J Zecchini | officer: Chief Accounting Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Scott W Kingsmore | officer: Chief Financial Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Kenneth Volk | officer: SVP, Chief Marketing Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Edward C Coppola | director, officer: Executive Vice President | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
O Hern Thomas E | officer: EVP, Treasurer & CFO | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Ann C Menard | officer: EVP, CLO and Secretary | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Doug J Healey | officer: EVP, Leasing | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Marianne Lowenthal | director | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Enrique Jr Hernandez | director | INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105 |
Steven L Soboroff | director | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Ontario Teachers Pension Plan Board | 10 percent owner | 5650 YONGE STREET, TORONTO A6 M2M 4H5 |
Dana K Anderson | director, officer: Vice Chairman of the Board | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Andrea M Stephen | director | THE MACERICH COMPANY, 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Alschuler John H Jr | director | C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170 |
Steve Hash | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
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