Meikles (LSE:MIK) Inventory-to-Revenue : 0.09 (As of Aug. 2023)

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What is Meikles Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Aug. 2023 was $241 Mil. Meikles's Revenue for the six months ended in Aug. 2023 was $2,701 Mil. Meikles's Inventory-to-Revenue for the quarter that ended in Aug. 2023 was 0.09.

Meikles's Inventory-to-Revenue for the quarter that ended in Aug. 2023 declined from Sep. 2022 (0.14) to Sep. 2022 (0.09)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meikles's Days Inventory for the six months 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.

Meikles Inventory-to-Revenue Historical Data

The historical data trend for Meikles's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Inventory-to-Revenue

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0.06

0.11

0.92

0.08

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Inventory-to-Revenue	Get a 7-Day Free Trial									0.10	0.05	0.09	0.14	0.09

Competitive Comparison of Meikles's Inventory-to-Revenue

For the Department Stores subindustry, Meikles's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meikles's Inventory-to-Revenue Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Meikles's Inventory-to-Revenue falls into.

Meikles Inventory-to-Revenue Calculation

Meikles's Inventory-to-Revenue for the fiscal year that ended in Mar. 2021 is calculated as

	Inventory-to-Revenue (A: Mar. 2021 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2020 )	+	Total Inventories (A: Mar. 2021 ))	/	count )	/	Revenue (A: Mar. 2021 )
=	( (10.178	+	13.197)	/	2 )	/	152.504
=	11.6875					/	152.504
=	0.08

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

	Inventory-to-Revenue (Q: Aug. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Aug. 2023 ))	/	count )	/	Revenue (Q: Aug. 2023 )
=	( (58.099	+	423.873)	/	2 )	/	2701.37
=	240.986					/	2701.37
=	0.09

Meikles (LSE:MIK) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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 six months ended in Aug. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2023 )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	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 (Q: Aug. 2023 )	/	Average Total Inventories (Q: Aug. 2023 )
	=	2029.514	/	240.986
	=	8.42

Meikles Inventory-to-Revenue Related Terms

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Meikles (LSE:MIK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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.