Mazor Group (JSE:MZR) Inventory Turnover : 0.92 (As of Aug. 2020)

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What is Mazor 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. Mazor Group's Cost of Goods Sold for the six months ended in Aug. 2020 was R97.6 Mil. Mazor Group's Average Total Inventories for the quarter that ended in Aug. 2020 was R105.8 Mil. Mazor Group's Inventory Turnover for the quarter that ended in Aug. 2020 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mazor Group's Days Inventory for the six months ended in Aug. 2020 was 197.71.

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. Mazor Group's Inventory-to-Revenue for the quarter that ended in Aug. 2020 was 0.93.

Mazor Group Inventory Turnover Historical Data

The historical data trend for Mazor 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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Mazor Group Inventory Turnover Chart

Mazor Group Annual Data

Trend

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Inventory Turnover

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3.52

4.61

3.36

2.75

2.37

Mazor Group Semi-Annual Data
	Feb11	Aug11	Feb12	Aug12	Feb13	Aug13	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20
Inventory Turnover	Get a 7-Day Free Trial															1.49	1.38	1.45	1.04	0.92

Mazor Group Inventory Turnover Calculation

Mazor Group's Inventory Turnover for the fiscal year that ended in Feb. 2020 is calculated as

	Inventory Turnover (A: Feb. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2020 )	/ (	(Total Inventories (A: Feb. 2019 )	+	Total Inventories (A: Feb. 2020 ))	/	count )
=	276.516	/ (	(117.603	+	116.183)	/	2 )
=	276.516	/	116.893
=	2.37

Mazor Group's Inventory Turnover for the quarter that ended in Aug. 2020 is calculated as

	Inventory Turnover (Q: Aug. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Aug. 2020 )	/ (	(Total Inventories (Q: Feb. 2020 )	+	Total Inventories (Q: Aug. 2020 ))	/	count )
=	97.638	/ (	(116.183	+	95.373)	/	2 )
=	97.638	/	105.778
=	0.92

Mazor Group (JSE:MZR) 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.

Mazor Group's Days Inventory for the six months ended in Aug. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Aug. 2020 )	/	Cost of Goods Sold (Q: Aug. 2020 )	*	Days in Period
	=	105.778	/	97.638	*	365 / 2
	=	197.71

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.

Mazor Group's Inventory to Revenue for the quarter that ended in Aug. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Aug. 2020 )	/	Revenue (Q: Aug. 2020 )
	=	105.778	/	113.304
	=	0.93

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.

Mazor Group Inventory Turnover Related Terms

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Mazor Group (JSE:MZR) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Mazor Group Ltd (JSE:MZR) » Definitions » Inventory Turnover

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Address

8 Monza Road, Killarney Gardens, Table View, Cape Town, ZAF, 7441

Website

http://www.mazor.co.za

Mazor Group Ltd is engaged in construction activities, the supply of aluminum fenestration systems, and glass beneficiation in the Republic of South Africa. The segments in which the company operates are Steel, Aluminium, and Glass. Steel segment designs, supplies and erects structural steel frames. Aluminum segment designs, manufactures, and installs aluminum structures like doors, windows, shop fronts, facades, and balustrades for construction groups and also supplies aluminum fenestration systems. Glass segment manufactures and distributes laminated, toughened safety glass and processed glass. It has operations in Western Cape, Gauteng, and KwaZulu-Natal, of which operations in Western Cape constitute majorly to the revenue.

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