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Minerva Knitwear (ATH:MIN) Change In Inventory : €0.88 Mil (TTM As of Dec. 2023)


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What is Minerva Knitwear Change In Inventory?

Minerva Knitwear's change in inventory for the quarter that ended in Dec. 2023 was €1.61 Mil. It means Minerva Knitwear's inventory declined by €1.61 Mil from Jun. 2023 to Dec. 2023 .

Minerva Knitwear's change in inventory for the fiscal year that ended in Dec. 2023 was €0.88 Mil. It means Minerva Knitwear's inventory declined by €0.88 Mil from Dec. 2022 to Dec. 2023 .

Minerva Knitwear's Total Inventories for the quarter that ended in Dec. 2023 was €7.01 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minerva Knitwear's Days Inventory for the quarter that ended in Dec. 2023 was 231.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Minerva Knitwear's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.79.

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. Minerva Knitwear's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.73.

Minerva Knitwear Change In Inventory Historical Data

The historical data trend for Minerva Knitwear's Change In Inventory 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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Minerva Knitwear Change In Inventory Chart

Minerva Knitwear Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial -0.27 -0.08 1.46 -1.25 0.88

Minerva Knitwear Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 -2.36 1.11 -0.72 1.61

Minerva Knitwear Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.88 Mil.

* 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.

Minerva Knitwear  (ATH:MIN) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Minerva Knitwear's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=7.8025/6.15*365 / 2
=231.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Minerva Knitwear's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6.15 / 7.8025
=0.79

3. 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.

Minerva Knitwear's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=7.8025 / 10.69
=0.73

* 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.

Minerva Knitwear Change In Inventory Related Terms

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Minerva Knitwear (ATH:MIN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Minerva Knitwear SA (ATH:MIN) » Definitions » Change In Inventory
Comparable Companies
ATH:LANAC ATH:AAAK HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN SZSE:000158 BOM:521064 TPE:2915 BOM:514162 BOM:500330 SHSE:603055 SHSE:603306 SHSE:600370
Traded in Other Exchanges
N/A
Address
6th klm Thessaloniki - Oraiokastro, Thessaloniki, GRC, 564 29
Website
http://www.minerva.gr
Minerva Knitwear SA is engaged in manufacturing, processing and trading of woollen and cotton products, and other textile raw materials. The company's products include men's, women's and children's underwear, men's, women's and children's sleep body-suits-pyjamas, Home-wear clothes for the winter and beachwear for the summer, blouses, T-Shirts, and women's Lingerie.