Mills Estruturas e Servicos de Engenharia (Mills Estruturas e Servicos de Engenharia) Inventory Turnover : 1.83 (As of Dec. 2023)

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What is Mills Estruturas e Servicos de Engenharia 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. Mills Estruturas e Servicos de Engenharia's Cost of Goods Sold for the three months ended in Dec. 2023 was $26.30 Mil. Mills Estruturas e Servicos de Engenharia's Average Total Inventories for the quarter that ended in Dec. 2023 was $14.38 Mil. Mills Estruturas e Servicos de Engenharia's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mills Estruturas e Servicos de Engenharia's Days Inventory for the three months ended in Dec. 2023 was 49.89.

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. Mills Estruturas e Servicos de Engenharia's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Mills Estruturas e Servicos de Engenharia Inventory Turnover Historical Data

The historical data trend for Mills Estruturas e Servicos de Engenharia'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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Mills Estruturas e Servicos de Engenharia Inventory Turnover Chart

Mills Estruturas e Servicos de Engenharia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.75

7.12

5.64

5.52

6.89

Mills Estruturas e Servicos de Engenharia Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.55	1.73	1.77	1.83	1.91

Mills Estruturas e Servicos de Engenharia Inventory Turnover Calculation

Mills Estruturas e Servicos de Engenharia'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 )
=	99.989	/ (	(14.334	+	14.708)	/	2 )
=	99.989	/	14.521
=	6.89

Mills Estruturas e Servicos de Engenharia's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	26.297	/ (	(14.045	+	14.708)	/	2 )
=	26.297	/	14.3765
=	1.83

Mills Estruturas e Servicos de Engenharia (GREY:MLSTF) 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.

Mills Estruturas e Servicos de Engenharia's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14.3765	/	26.297	*	365 / 4
	=	49.89

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.

Mills Estruturas e Servicos de Engenharia's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14.3765	/	74.953
	=	0.19

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.

Mills Estruturas e Servicos de Engenharia Inventory Turnover Related Terms

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Mills Estruturas e Servicos de Engenharia (Mills Estruturas e Servicos de Engenharia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mills Estruturas e Servicos de Engenharia SA (GREY:MLSTF) » Definitions » Inventory Turnover

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MILS3:Brazil

Address

Estrada do Guerengue, 1381, Taquara, Rio de Janeiro, RJ, BRA, 22713-002

Website

https://ri.mills.com.br

Mills Locacao Servicos e Logistica SA operates in the infrastructure, construction, and manufacturing industries. Its activity includes Rental and sale, including imports and exports, of steel and aluminum tubular structures, shoring and access equipment for construction works, as well as reusable concrete formworks. Sale, rental, and distribution of aerial work platforms and telescopic handlers. It has a Construction business unit and Rental business unit segments, and the majority of the revenue derives from the Rental business segment.

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