Millat Tractors (KAR:MTL) Inventory Turnover: 0.71 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:MTL Millat Tractors Ltd KAR:MTL
78 GF Score
Price ₨290.29
GF Value ₨211.44
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Millat Tractors Inventory Turnover?

Millat Tractors KAR:MTL -0.02% 78 Inventory Turnover is 0.71 as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.44 (Significantly Overvalued). The stock has 6 warning signs investors should review.

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. Millat Tractors's Cost of Goods Sold for the three months ended in Mar. 2026 was ₨10,694 Mil. Millat Tractors's Average Total Inventories for the quarter that ended in Mar. 2026 was ₨15,005 Mil. Millat Tractors's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millat Tractors's Days Inventory for the three months ended in Mar. 2026 was 128.04.

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. Millat Tractors's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.87.

Millat Tractors  (KAR:MTL) 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.

Millat Tractors's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=15005.3285/10693.544*365 / 4
=128.04

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.

Millat Tractors's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=15005.3285 / 17230.508
=0.87

* 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.

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.

Millat Tractors Inventory Turnover Related Terms

Millat Tractors Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Millat Tractors'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.

Millat Tractors Inventory Turnover Chart

Millat Tractors Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.65 5.24 3.41 4.89 2.50

Millat Tractors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.52 0.59 0.36 0.85 0.71
KAR:MTL
78GF Score
Millat Tractors Ltd KAR:MTL
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millat Tractors Inventory Turnover Calculation

Millat Tractors's Inventory Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Inventory Turnover (A: Jun. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2025 ) / ((Total Inventories (A: Jun. 2024 ) + Total Inventories (A: Jun. 2025 )) / count )
=38940.489 / ((16771.735 + 14375.219) / 2 )
=38940.489 / 15573.477
=2.50

Millat Tractors's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=10693.544 / ((14913.131 + 15097.526) / 2 )
=10693.544 / 15005.3285
=0.71

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.71 mean?
Millat Tractors (KAR:MTL) has a Inventory Turnover of 0.71 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Millat Tractors and its competitors.
Is Millat Tractors' Inventory Turnover too high?
Millat Tractors' current Inventory Turnover is 0.71. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Inventory Turnover compare to CAT and DE?
Millat Tractors' Inventory Turnover of 0.71 can be compared against companies in the Farm & Heavy Construction Machinery industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Farm & Heavy Construction Machinery company?
A good Inventory Turnover depends on the Farm & Heavy Construction Machinery industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Millat Tractors and its competitors. Millat Tractors's current Inventory Turnover is 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.44, compared to a current price of ₨290.29 — trading 37.3% above its estimated fair value. The current Inventory Turnover is 0.71. Millat Tractors' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current Inventory Turnover is 0.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Millat Tractors (KAR:MTL) Overvalued in 2026?

Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued. The current stock price of ₨290.29 is trading 37.3% above its estimated GF Value™ of ₨211.44. GuruFocus considers Millat Tractors to be Significantly Overvalued.

Key valuation signals for KAR:MTL:

  • Inventory Turnover: 0.71
  • GF Value™: ₨211.44 vs. price of ₨290.29 (37.3% above fair value)
  • GF Score™: 78/100 with 6 warning signs

No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Millat Tractors Business Description

Address 9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
78GF Score

Get the complete analysis for KAR:MTL

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨290.29
Price
₨211.44
GF Value