Mustek (JSE:MST) Inventory Turnover : 1.41 (As of Dec. 2023)

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What is Mustek 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. Mustek's Cost of Goods Sold for the six months ended in Dec. 2023 was R3,696 Mil. Mustek's Average Total Inventories for the quarter that ended in Dec. 2023 was R2,618 Mil. Mustek's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mustek's Days Inventory for the six months ended in Dec. 2023 was 129.26.

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. Mustek's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Mustek Inventory Turnover Historical Data

The historical data trend for Mustek'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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Mustek Inventory Turnover Chart

Mustek Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.95

3.66

4.46

3.90

3.31

Mustek Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.94	1.79	1.85	1.85	1.41

Mustek Inventory Turnover Calculation

Mustek's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	8713.918	/ (	(2480.187	+	2790.335)	/	2 )
=	8713.918	/	2635.261
=	3.31

Mustek's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3696.337	/ (	(2790.335	+	2445.754)	/	2 )
=	3696.337	/	2618.0445
=	1.41

Mustek (JSE:MST) 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.

Mustek's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2618.0445	/	3696.337	*	365 / 2
	=	129.26

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.

Mustek's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2618.0445	/	4266.612
	=	0.61

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.

Mustek Inventory Turnover Related Terms

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Mustek (JSE:MST) Business Description

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Address

322 15th Road, Randjespark, Midrand, GT, ZAF, 1685

Website

https://www.mustek.co.za

Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segment includes Mustek; Rectron; MIE and Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes training provider of accredited training programmes and the group includes investments in associates and other investments and loans. Geographically, operates through the region of South Africa. It derives substantial part of its revenue from the Mustek segment.