Meikles (LSE:MIK) Change In Inventory: $-1,039 Mil (TTM As of Feb. 2024)

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LSE:MIK Meikles Ltd LSE:MIK
17 GF Score
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What is Meikles Change In Inventory?

Meikles LSE:MIK 17 Change In Inventory is $-1,039 Mil as of Feb. 2024. GuruFocus rates LSE:MIK with a GF Score™ of 17/100.

Meikles's change in inventory for the quarter that ended in Feb. 2024 was $-831 Mil. It means Meikles's inventory increased by $831 Mil from Aug. 2023 to Feb. 2024 .

Meikles's change in inventory for the fiscal year that ended in Feb. 2024 was $-1,039 Mil. It means Meikles's inventory increased by $1,039 Mil from Mar. 2022 to Feb. 2024 .

Meikles's Total Inventories for the quarter that ended in Feb. 2024 was $2,342 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 Feb. 2024 was 10.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Meikles's Inventory Turnover for the quarter that ended in Feb. 2024 was 16.64.

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 Feb. 2024 was 0.05.

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
=1383.185/23011.042*365 / 2
=10.97

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 Feb. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=23011.042 / 1383.185
=16.64

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 Feb. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1383.185 / 29744.805
=0.05

* 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.

Meikles Change In Inventory Related Terms

Meikles Change In Inventory Historical Data

* Premium members only.

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.

Meikles Change In Inventory Chart

Meikles Annual Data
Trend Dec08 Dec09 Mar11 Mar12 Mar19 Mar20 Mar21 Mar22 Feb24
Change In Inventory
Get a 7-Day Free Trial Premium Member Only -0.02 0.52 -3.33 -17.94 -1,038.86

Meikles Semi-Annual Data
Dec08 Dec09 Mar11 Mar12 Sep12 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Aug23 Feb24
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 Premium Member Only 0.25 -18.19 -6.59 -208.13 -830.73
LSE:MIK
17GF Score
Meikles Ltd LSE:MIK
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Feb. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1,039 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-1,039 Mil mean?
Meikles (LSE:MIK) has a Change In Inventory of $-1,039 Mil as of Feb. 2024. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Meikles and its competitors.
Is Meikles' Change In Inventory too high?
Meikles' current Change In Inventory is $-1,039 Mil. Overall, Meikles has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Meikles' Change In Inventory compare to DDS and M?
Meikles' Change In Inventory of $-1,039 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Retail - Cyclical company?
A good Change In Inventory depends on the Retail - Cyclical industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Meikles and its competitors. Meikles's current Change In Inventory is $-1,039 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meikles stock overvalued right now?
Meikles (LSE:MIK) has a current Change In Inventory of $-1,039 Mil. The current Change In Inventory is $-1,039 Mil. Meikles' overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Meikles (LSE:MIK), the current Change In Inventory is $-1,039 Mil as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Meikles Business Description

Address 4 Steppes Road, Highlands, Harare, ZWE
Meikles Ltd is a Zimbabwe-based investment holding company with diversified segments. Its Supermarkets segment operates a chain of stores offering groceries, fresh produce, and household goods, generating the majority of the revenue in Zimbabwe. The Hotels segment provides accommodation, food and beverage services, event hosting, and leisure facilities. The Properties segment develops, leases, and manages commercial properties. The Security Services segment provides on-site personnel to corporate and residential clients, while the Corporate segment oversees administration and strategic planning. Operations are divided between Zimbabwe and non-Zimbabwe, with the majority of revenue coming from Zimbabwe.
17GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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