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. Marine Products's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $55.4 Mil. Marine Products's Average Total Inventories for the quarter that ended in Mar. 2024 was $58.4 Mil.
Marine Products's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Marine Products's Days Inventory for the
three
months ended in Mar. 2024 was 96.29.
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.
Marine Products's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.
Marine Products Inventory Turnover Historical Data
The historical data trend for Marine Products'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.
* 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.
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.
Marine Products's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
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.
Marine Products's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
* 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.
Marine Products Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Marine Products's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Marine Products (Marine Products) Business Description
Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.
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