ME Group International (AQSE:PHTM.GB) Inventory Turnover : 2.50 (As of Oct. 2024)

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What is ME Group International Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ME Group International's Cost of Goods Sold for the six months ended in Oct. 2024 was £94.4 Mil. ME Group International's Average Total Inventories for the quarter that ended in Oct. 2024 was £37.7 Mil. ME Group International's Inventory Turnover for the quarter that ended in Oct. 2024 was 2.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ME Group International's Days Inventory for the six months ended in Oct. 2024 was 72.95.

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. ME Group International's Inventory-to-Revenue for the quarter that ended in Oct. 2024 was 0.24.

ME Group International Inventory Turnover Historical Data

The historical data trend for ME Group International's Inventory Turnover 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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ME Group International Inventory Turnover Chart

ME Group International Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Oct21

Oct22

Oct23

Oct24

Inventory Turnover

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7.43

6.50

8.12

6.70

5.62

ME Group International Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Inventory Turnover	Get a 7-Day Free Trial															3.93	3.40	2.85	2.97	2.50

ME Group International Inventory Turnover Calculation

ME Group International's Inventory Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Inventory Turnover (A: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2024 )	/ (	(Total Inventories (A: Oct. 2023 )	+	Total Inventories (A: Oct. 2024 ))	/	count )
=	198.394	/ (	(32.501	+	38.065)	/	2 )
=	198.394	/	35.283
=	5.62

ME Group International's Inventory Turnover for the quarter that ended in Oct. 2024 is calculated as

	Inventory Turnover (Q: Oct. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Oct. 2024 ))	/	count )
=	94.429	/ (	(37.43	+	38.065)	/	2 )
=	94.429	/	37.7475
=	2.50

ME Group International (AQSE:PHTM.GB) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

ME Group International's Days Inventory for the six months ended in Oct. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2024 )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
	=	37.7475	/	94.429	*	365 / 2
	=	72.95

2. 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.

ME Group International's Inventory to Revenue for the quarter that ended in Oct. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2024 )	/	Revenue (Q: Oct. 2024 )
	=	37.7475	/	157.531
	=	0.24

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ME Group International Inventory Turnover Related Terms

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ME Group International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ME Group International PLC (AQSE:PHTM.GB) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MEGPl:UK MEGP:UK PHQ:Germany

Address

Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP

Website

https://www.me-group.com

ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company reports its segments and operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.

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