Major Cineplex Group (FRA:MJG1) Inventory Turnover : 5.52 (As of Mar. 2024)

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What is Major Cineplex 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. Major Cineplex Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €30.3 Mil. Major Cineplex Group's Average Total Inventories for the quarter that ended in Mar. 2024 was €5.5 Mil. Major Cineplex Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Major Cineplex Group's Days Inventory for the three months ended in Mar. 2024 was 16.54.

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. Major Cineplex Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Major Cineplex Group Inventory Turnover Historical Data

The historical data trend for Major Cineplex 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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Major Cineplex Group Inventory Turnover Chart

Major Cineplex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.93

12.40

11.54

20.53

25.95

Major Cineplex Group 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															5.37	7.85	6.28	8.62	5.52

Major Cineplex Group Inventory Turnover Calculation

Major Cineplex Group'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 )
=	148.995	/ (	(5.96	+	5.524)	/	2 )
=	148.995	/	5.742
=	25.95

Major Cineplex Group'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 )
=	30.293	/ (	(5.524	+	5.455)	/	2 )
=	30.293	/	5.4895
=	5.52

Major Cineplex Group (FRA:MJG1) 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.

Major Cineplex Group'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
	=	5.4895	/	30.293	*	365 / 4
	=	16.54

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.

Major Cineplex Group'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 )
	=	5.4895	/	43.999
	=	0.12

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.

Major Cineplex Group Inventory Turnover Related Terms

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Major Cineplex Group (FRA:MJG1) Business Description

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MAJOR:Thailand

Address

1839, 1839/1-6 Phaholyothin Road, Ladyao, Jatujak, Bangkok, THA, 10900

Website

https://www.majorcineplex.com

Major Cineplex Group PLC is a diversified media company primary engaged in the operation of cinemas. The company has five primary business segments which include cinema operations, advertising and media services, bowling and karaoke services, rental, and movie content. The cinema operations segment owns and manages several chains of movie theaters and brands. The advertising & media services segment offers on-screen advertising and media solutions. The bowling & karaoke services offers its namesake services in branded outlets. The rental segment leases real estate space. The company's movie content segment funds, produces, and distributes feature film content, as well as content on the home video market. Major Cineplex Group generates the vast majority of its revenue in Thailand.

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