Mangels Industrial (BSP:MGEL4) Inventory Turnover : 1.91 (As of Sep. 2024)

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What is Mangels Industrial 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. Mangels Industrial's Cost of Goods Sold for the three months ended in Sep. 2024 was R$227.2 Mil. Mangels Industrial's Average Total Inventories for the quarter that ended in Sep. 2024 was R$119.2 Mil. Mangels Industrial's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mangels Industrial's Days Inventory for the three months ended in Sep. 2024 was 47.88.

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. Mangels Industrial's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.46.

Mangels Industrial Inventory Turnover Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Inventory Turnover Chart

Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.07

7.33

7.05

6.60

6.58

Mangels Industrial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.90	1.59	1.80	1.76	1.91

Mangels Industrial Inventory Turnover Calculation

Mangels Industrial's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	800.994	/ (	(124.876	+	118.532)	/	2 )
=	800.994	/	121.704
=	6.58

Mangels Industrial's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	227.191	/ (	(119.32	+	119.106)	/	2 )
=	227.191	/	119.213
=	1.91

Mangels Industrial (BSP:MGEL4) 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.

Mangels Industrial's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	119.213	/	227.191	*	365 / 4
	=	47.88

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.

Mangels Industrial's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	119.213	/	259.86
	=	0.46

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.

Mangels Industrial Inventory Turnover Related Terms

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Mangels Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » Inventory Turnover

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Address

Rua Verbo Divino 1488, 6th floor, Suite 61A and 64D, Chacara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

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