Meikles (LSE:MIK) Change In Inventory : $-215 Mil (TTM As of Aug. 2023)

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What is Meikles Change In Inventory?

Meikles's change in inventory for the quarter that ended in Aug. 2023 was $-208 Mil. It means Meikles's inventory increased by $208 Mil from Sep. 2022 to Aug. 2023 .

Meikles's change in inventory for the fiscal year that ended in Mar. 2021 was $-3 Mil. It means Meikles's inventory increased by $3 Mil from Mar. 2020 to Mar. 2021 .

Meikles's Total Inventories for the quarter that ended in Aug. 2023 was $424 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meikles's Days Inventory for the quarter that ended in Aug. 2023 was 21.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meikles's Inventory Turnover for the quarter that ended in Aug. 2023 was 8.42.

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. Meikles's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.09.

Meikles Change In Inventory Historical Data

The historical data trend for Meikles'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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Meikles Change In Inventory Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Change In Inventory

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-26.57

1.34

-0.02

0.52

-3.33

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Change In Inventory	Get a 7-Day Free Trial									-2.68	0.25	-18.19	-6.59	-208.13

Meikles 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 Aug. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-215 Mil.

Meikles (LSE:MIK) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	240.986	/	2029.514	*	365 / 2
	=	21.67

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

Meikles's Inventory Turnover for the quarter that ended in Aug. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2029.514	/	240.986
	=	8.42

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.

Meikles's Inventory to Revenue for the quarter that ended in Aug. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	240.986	/	2701.37
	=	0.09

Meikles Change In Inventory Related Terms

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Meikles (LSE:MIK) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Change In Inventory

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MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.