Media Matrix Worldwide (BOM:512267) Inventory Turnover : 6.25 (As of Mar. 2024)

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What is Media Matrix Worldwide 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. Media Matrix Worldwide's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹2,668 Mil. Media Matrix Worldwide's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹427 Mil. Media Matrix Worldwide's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Media Matrix Worldwide's Days Inventory for the three months ended in Mar. 2024 was 14.60.

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. Media Matrix Worldwide's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Media Matrix Worldwide Inventory Turnover Historical Data

The historical data trend for Media Matrix Worldwide'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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Media Matrix Worldwide Inventory Turnover Chart

Media Matrix Worldwide Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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105.09

65.81

27.71

51.50

43.20

Media Matrix Worldwide Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															12.04	14.29	22.89	6.72	6.25

Media Matrix Worldwide Inventory Turnover Calculation

Media Matrix Worldwide's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	13596.924	/ (	(202.709	+	426.8)	/	2 )
=	13596.924	/	314.7545
=	43.20

Media Matrix Worldwide's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2667.898	/ (	(0	+	426.8)	/	1 )
=	2667.898	/	426.8
=	6.25

Media Matrix Worldwide (BOM:512267) 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.

Media Matrix Worldwide's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	426.8	/	2667.898	*	365 / 4
	=	14.60

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.

Media Matrix Worldwide's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	426.8	/	2803.086
	=	0.15

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.

Media Matrix Worldwide Inventory Turnover Related Terms

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Media Matrix Worldwide (BOM:512267) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Media Matrix Worldwide Ltd (BOM:512267) » Definitions » Inventory Turnover

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Address

Institutional Area, Plot No. 38, 4th Floor, Sector - 32, Gurugram, HR, IND, 122001

Website

https://www.mmwlindia.com

Media Matrix Worldwide Ltd is engaged in the business of digital media and handset trading. It focuses on digital media content and dealing with related activities in the media and entertainment industry. The company through its subsidiaries is involved in mobile video streaming services and trading of telecom mobile handsets business in India. Digital media and handset trading segment generate the majority of the revenue for the company.

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