Mechel PAO (MIC:MTLR) Inventory Turnover: 1.84 (As of Jun. 2023)

What is Mechel PAO Inventory Turnover?

Mechel PAO MIC:MTLR +0.67% 17 Inventory Turnover is 1.84 as of Jun. 2023. GuruFocus rates MIC:MTLR with a GF Score™ of 17/100.

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. Mechel PAO's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽121,207 Mil. Mechel PAO's Average Total Inventories for the quarter that ended in Jun. 2023 was ₽65,707 Mil. Mechel PAO's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mechel PAO's Days Inventory for the six months ended in Jun. 2023 was 98.93.

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. Mechel PAO's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.34.

Mechel PAO (MIC:MTLR) 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.

Mechel PAO'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
	=	65707	/	121207	*	365 / 2
	=	98.93

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.

Mechel PAO'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 )
	=	65707	/	194686
	=	0.34

* 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.

Mechel PAO Inventory Turnover Related Terms

Mechel PAO Inventory Turnover Historical Data

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The historical data trend for Mechel PAO's Inventory Turnover can be seen below:

Mechel PAO Inventory Turnover Chart

Mechel PAO Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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4.38

4.28

4.40

4.17

4.28

Mechel PAO Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															2.07	2.27	2.15	2.22	1.84

17GF Score

Mechel PAO MIC:MTLR

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Mechel PAO Inventory Turnover Calculation

Mechel PAO'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 )
=	223993	/ (	(42138	+	62449)	/	2 )
=	223993	/	52293.5
=	4.28

Mechel PAO'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: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	121207	/ (	(0	+	65707)	/	1 )
=	121207	/	65707
=	1.84

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.84 mean?

Mechel PAO (MIC:MTLR) has a Inventory Turnover of 1.84 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Mechel PAO and its competitors.

Is Mechel PAO's Inventory Turnover too high?

Mechel PAO's current Inventory Turnover is 1.84. Overall, Mechel PAO has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Mechel PAO's Inventory Turnover compare to NUE and STLD?

Mechel PAO's Inventory Turnover of 1.84 can be compared against companies in the Steel 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 Steel company?

A good Inventory Turnover depends on the Steel 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 Mechel PAO and its competitors. Mechel PAO's current Inventory Turnover is 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mechel PAO stock overvalued right now?

Mechel PAO (MIC:MTLR) has a current Inventory Turnover of 1.84. The current Inventory Turnover is 1.84. Mechel PAO's overall GF Score™ is 17/100. 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 Mechel PAO (MIC:MTLR), the current Inventory Turnover is 1.84 as of Jun. 2023. 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.

Mechel PAO Business Description

Industry Basic Materials Steel

Comparable Companies MIC:AMEZ MIC:CHMK MIC:URKZ MIC:KOGK MIC:IGST NUE BOM:500228 NSE:TATASTEEL SHSE:600019 XKRX:005490 STLD XAMS:MT TSE:5401 MIC:CHMF RS BOM:532286 TPE:2002 SZSE:000708 SHSE:600010 BOM:526371

Address Krasnoarmeyskaya Street 1, Moscow, RUS, 125167

Website http://www.mechel.ru

Mechel PAO is a vertically integrated group operating into three industrial segments Mining, Steel and Power. The mining segment produces metallurgical coal (coking coal, PCI and anthracite), steam coal, iron ore and iron ore concentrate, coke and chemical products. The segment consists of its coal, iron ore and coke production facilities in Russia. The steel segment produces and sells semi-finished steel products, long products of a wide range of steel grades, carbon and stainless flat steel products and high value-added metal products, including wire products, stampings and forgings, structural shapes, beams and rails. The power segment sells electricity and capacity to the wholesale market. The majority of the revenue is derived from the Steel segment.

17GF Score

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