MISTRAS Group (FRA:MIY) Inventory Turnover : 8.62 (As of Dec. 2024)

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What is MISTRAS Group 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. MISTRAS Group's Cost of Goods Sold for the three months ended in Dec. 2024 was €115.9 Mil. MISTRAS Group's Average Total Inventories for the quarter that ended in Dec. 2024 was €13.5 Mil. MISTRAS Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 8.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MISTRAS Group's Days Inventory for the three months ended in Dec. 2024 was 10.59.

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. MISTRAS Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.08.

MISTRAS Group Inventory Turnover Historical Data

The historical data trend for MISTRAS Group'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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MISTRAS Group Inventory Turnover Chart

MISTRAS Group Annual Data

Trend

May15

May16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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29.77

38.58

38.45

34.32

35.43

MISTRAS Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															8.18	8.80	8.95	8.56	8.62

MISTRAS Group Inventory Turnover Calculation

MISTRAS Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	493.287	/ (	(14.015	+	13.833)	/	2 )
=	493.287	/	13.924
=	35.43

MISTRAS Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	115.942	/ (	(13.074	+	13.833)	/	2 )
=	115.942	/	13.4535
=	8.62

MISTRAS Group (FRA:MIY) 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.

MISTRAS Group's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	13.4535	/	115.942	*	365 / 4
	=	10.59

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.

MISTRAS Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	13.4535	/	164.958
	=	0.08

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.

MISTRAS Group Inventory Turnover Related Terms

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MISTRAS Group Business Description

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MG:USA

Address

195 Clarksville Road, Princeton Junction, NJ, USA, 08550

Website

https://www.mistrasgroup.com

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are North America, International and Products and Systems, of which key revenue is derived from the North America segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

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