Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) Inventory Turnover : 8.54 (As of Jun. 2024)

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What is Corporacion Interamericana de EntretenimientoB de CV 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. Corporacion Interamericana de EntretenimientoB de CV's Cost of Goods Sold for the three months ended in Jun. 2024 was MXN205 Mil. Corporacion Interamericana de EntretenimientoB de CV's Average Total Inventories for the quarter that ended in Jun. 2024 was MXN24 Mil. Corporacion Interamericana de EntretenimientoB de CV's Inventory Turnover for the quarter that ended in Jun. 2024 was 8.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Corporacion Interamericana de EntretenimientoB de CV's Days Inventory for the three months ended in Jun. 2024 was 10.68.

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. Corporacion Interamericana de EntretenimientoB de CV's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.

Corporacion Interamericana de EntretenimientoB de CV Inventory Turnover Historical Data

The historical data trend for Corporacion Interamericana de EntretenimientoB de CV'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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Corporacion Interamericana de EntretenimientoB de CV Inventory Turnover Chart

Corporacion Interamericana de EntretenimientoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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414.42

63.46

164.03

241.28

222.11

Corporacion Interamericana de EntretenimientoB de CV Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															10.78	11.04	121.23	15.81	8.54

Corporacion Interamericana de EntretenimientoB de CV Inventory Turnover Calculation

Corporacion Interamericana de EntretenimientoB de CV'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 )
=	3819.214	/ (	(13.414	+	20.977)	/	2 )
=	3819.214	/	17.1955
=	222.11

Corporacion Interamericana de EntretenimientoB de CV's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	204.729	/ (	(22.382	+	25.56)	/	2 )
=	204.729	/	23.971
=	8.54

Corporacion Interamericana de EntretenimientoB de CV (MEX:CIEB) 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.

Corporacion Interamericana de EntretenimientoB de CV's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	23.971	/	204.729	*	365 / 4
	=	10.68

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.

Corporacion Interamericana de EntretenimientoB de CV's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	23.971	/	277.033
	=	0.09

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.

Corporacion Interamericana de EntretenimientoB de CV Inventory Turnover Related Terms

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Corporacion Interamericana de EntretenimientoB de CV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Corporacion Interamericana de Entretenimiento SAB de CV (MEX:CIEB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av. Industria Militar S/N, Residencial Militar, Mexico DF, MEX, 11600

Website

http://www.cie.com.mx

Corporacion Interamericana de Entretenimiento SAB de CV is a Mexico-based company engaged in the business of providing entertainment services in Latin America and worldwide. It offers a wide Range of entertainment options to a variety of audiences and budgets in large- and medium-sized cities. Its services include concerts, theatrical productions, sporting events, family events and cultural events, among others. In addition, it operates an amusement park in Colombia.

Corporacion Interamericana de EntretenimientoB de CV Headlines

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