MNKA (Manuka) Inventory Turnover: 0.10 (As of Sep. 2023)


What is Manuka Inventory Turnover?

Manuka MNKA Inventory Turnover is 0.10 as of Sep. 2023.

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. Manuka's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.01 Mil. Manuka's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.09 Mil. Manuka's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Manuka's Days Inventory for the three months ended in Sep. 2023 was 912.50.

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. Manuka's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.51.

Manuka  (OTCPK:MNKA) 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.

Manuka's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0.09/0.009*365 / 4
=912.50

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.

Manuka's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.09 / 0.176
=0.51

* 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.

Manuka Inventory Turnover Related Terms

Manuka Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Manuka'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.

Manuka Inventory Turnover Chart

Manuka Annual Data
Trend
Inventory Turnover

Manuka Quarterly Data
Jun22 Sep22 Jun23 Sep23
Inventory Turnover 0.00 0.00 0.17 0.10

Manuka Inventory Turnover Calculation

Manuka's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

Inventory Turnover (A: . 20 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: . 20 ) / ((Total Inventories (A: . 20 ) + Total Inventories (A: . 20 )) / count )
= / (( + ) / 1 )
= / 0
=N/A

Manuka's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=0.009 / ((0.076 + 0.104) / 2 )
=0.009 / 0.09
=0.10

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.10 mean?
Manuka (MNKA) has a Inventory Turnover of 0.10 as of Sep. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Manuka and its competitors.
Is Manuka's Inventory Turnover too high?
Manuka's current Inventory Turnover is 0.10.
How does Manuka's Inventory Turnover compare to PURE and SNBH?
Manuka's Inventory Turnover of 0.10 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods 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 Manuka and its competitors. Manuka's current Inventory Turnover is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manuka stock overvalued right now?
Manuka (MNKA) has a current Inventory Turnover of 0.10. The current Inventory Turnover is 0.10. 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 Manuka (MNKA), the current Inventory Turnover is 0.10 as of Sep. 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.

Manuka Business Description

Address 3 Eliezer Vardinon Street, Petach Tikva, ISR, 4959507
Manuka Inc is a beauty company that develops and distributes premium-quality skincare products, that are based on Manuka honey and bee venom. Its skincare products are manufactured in Israel by its vendor, Chic with Manuka honey ingredients. The company imports Manuka honey from its supplier in New Zealand, Waitemata Honey pursuant to the Supply Agreement. Currently, it operates only in Israel through the online platform. Its website and mobile applications currently offer six cosmetic skincare products: Face Serum with Manuka Honey and Bee Venom; Face Serum with enhanced Vitamin C; Day Cream; Night nourishing Cream; Eye Cream; and Face Cleanser Gel.