Marfrig Global Foods (STU:MGP1) Change In Inventory : €345 Mil (TTM As of Mar. 2024)

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What is Marfrig Global Foods Change In Inventory?

Marfrig Global Foods's change in inventory for the quarter that ended in Mar. 2024 was €47 Mil. It means Marfrig Global Foods's inventory declined by €47 Mil from Dec. 2023 to Mar. 2024 .

Marfrig Global Foods's change in inventory for the fiscal year that ended in Dec. 2023 was €311 Mil. It means Marfrig Global Foods's inventory declined by €311 Mil from Dec. 2022 to Dec. 2023 .

Marfrig Global Foods's Total Inventories for the quarter that ended in Mar. 2024 was €2,356 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marfrig Global Foods's Days Inventory for the quarter that ended in Mar. 2024 was 42.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marfrig Global Foods's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.15.

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. Marfrig Global Foods's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Marfrig Global Foods Change In Inventory Historical Data

The historical data trend for Marfrig Global Foods'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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Marfrig Global Foods Change In Inventory Chart

Marfrig Global Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-91.77

-6.67

-222.54

-42.75

311.02

Marfrig Global Foods Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															13.78	145.78	-48.07	200.59	46.50

Marfrig Global Foods 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €345 Mil.

Marfrig Global Foods (STU:MGP1) Change In Inventory Explanation

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

Marfrig Global Foods's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2382.392	/	5127.302	*	365 / 4
	=	42.40

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

Marfrig Global Foods's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5127.302	/	2382.392
	=	2.15

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.

Marfrig Global Foods's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2382.392	/	5836.307
	=	0.41

Marfrig Global Foods Change In Inventory Related Terms

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Marfrig Global Foods (STU:MGP1) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Marfrig Global Foods SA (STU:MGP1) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MRRTY:USA MGP1:Germany MRFG3:Brazil

Address

Avenida Queiroz Filho, 1560, Torre Sabia, 3rd Floor, Vila Hamburguesa, Sao Paulo, SP, BRA, 05319-000

Website

https://www.marfrig.com.br

Marfrig Global Foods SA is a Brazilian-based food processing company that produces, processes, and distributes meat and non-meat products. The company has operations worldwide, including in Brazil, Argentina, Chile, Uruguay, and the United States. The company's activities include production and processing of foods made from animal proteins as well as other products such as frozen vegetables and sauces. The company organizes itself into four main segments: Beef - North America, Beef - South America, Poultry, Pork and Processed Products - BRF and Corporate. The company earns more than half of its revenue through its operations in Beef - North America.

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