MagForce AG (MagForce AG) Inventory Turnover : 0.83 (As of Dec. 2021)

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What is MagForce AG 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. MagForce AG's Cost of Goods Sold for the six months ended in Dec. 2021 was $0.40 Mil. MagForce AG's Average Total Inventories for the quarter that ended in Dec. 2021 was $0.49 Mil. MagForce AG's Inventory Turnover for the quarter that ended in Dec. 2021 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MagForce AG's Days Inventory for the six months ended in Dec. 2021 was 220.77.

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. MagForce AG's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 2.68.

MagForce AG Inventory Turnover Historical Data

The historical data trend for MagForce AG'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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MagForce AG Inventory Turnover Chart

MagForce AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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3.75

1.51

-0.17

0.58

2.04

MagForce AG Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Inventory Turnover	Get a 7-Day Free Trial															-0.79	0.26	0.30	0.71	0.83

MagForce AG Inventory Turnover Calculation

MagForce AG's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	0.756	/ (	(0.409	+	0.332)	/	2 )
=	0.756	/	0.3705
=	2.04

MagForce AG's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

	Inventory Turnover (Q: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2021 )	/ (	(Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Dec. 2021 ))	/	count )
=	0.403	/ (	(0.643	+	0.332)	/	2 )
=	0.403	/	0.4875
=	0.83

MagForce AG (OTCPK:MGFRF) 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.

MagForce AG's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2021 )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
	=	0.4875	/	0.403	*	365 / 2
	=	220.77

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.

MagForce AG's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2021 )	/	Revenue (Q: Dec. 2021 )
	=	0.4875	/	0.182
	=	2.68

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.

MagForce AG Inventory Turnover Related Terms

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MagForce AG (MagForce AG) Business Description

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Address

Max-Planck-Stresse 3, Berlin, DEU, 12489

Website

https://magforce.de

MagForce AG is a medical engineering company. The company operates in the area of nanotechnology-based cancer treatment. Its medical devices include NanoTherm therapy used for local treatment of solid tumors, NanoTherm a liquid that reacts to the presence of a magnetic field, NanoPlan uses the bioheat transfer equation, and NanoActivator used for tumors in all areas of the body.

MagForce AG (MagForce AG) Headlines

From GuruFocus

MagForce AG Announces Successful Capital Increase Of The Subsidiary MagForce USA, Inc.

By ACCESSWIRE AccessWire • 04-12-2019