Magnit PJSC (Magnit PJSC) Inventory Turnover : 3.72 (As of Jun. 2023)

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What is Magnit PJSC 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. Magnit PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was $11,692.30 Mil. Magnit PJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was $3,140.23 Mil. Magnit PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magnit PJSC's Days Inventory for the six months ended in Jun. 2023 was 49.01.

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. Magnit PJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.21.

Magnit PJSC Inventory Turnover Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Inventory Turnover Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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5.07

5.54

5.06

6.62

8.95

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															3.14	3.71	4.31	4.43	3.72

Magnit PJSC Inventory Turnover Calculation

Magnit PJSC's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	29656.757	/ (	(3041.497	+	3585.55)	/	2 )
=	29656.757	/	3313.5235
=	8.95

Magnit PJSC's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	11692.295	/ (	(3585.55	+	2694.904)	/	2 )
=	11692.295	/	3140.227
=	3.72

Magnit PJSC (GREY:MGJCL) 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.

Magnit PJSC's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	3140.227	/	11692.295	*	365 / 2
	=	49.01

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.

Magnit PJSC's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	3140.227	/	15148.733
	=	0.21

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.

Magnit PJSC Inventory Turnover Related Terms

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Magnit PJSC (Magnit PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (GREY:MGJCL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MGNT:Russia

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

Magnit PJSC (Magnit PJSC) Headlines

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