Maison Solutions (Maison Solutions) Inventory Turnover : 3.56 (As of Jan. 2024)

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What is Maison Solutions 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. Maison Solutions's Cost of Goods Sold for the three months ended in Jan. 2024 was $10.41 Mil. Maison Solutions's Average Total Inventories for the quarter that ended in Jan. 2024 was $2.92 Mil. Maison Solutions's Inventory Turnover for the quarter that ended in Jan. 2024 was 3.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maison Solutions's Days Inventory for the three months ended in Jan. 2024 was 25.63.

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. Maison Solutions's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.21.

Maison Solutions Inventory Turnover Historical Data

The historical data trend for Maison Solutions'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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Maison Solutions Inventory Turnover Chart

Maison Solutions Annual Data

Trend

Apr21

Apr22

Apr23

Inventory Turnover

16.92

15.81

16.21

Maison Solutions Quarterly Data
	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial						3.42	3.77	3.64	3.74	3.56

Maison Solutions Inventory Turnover Calculation

Maison Solutions's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	42.948	/ (	(2.32	+	2.979)	/	2 )
=	42.948	/	2.6495
=	16.21

Maison Solutions's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	10.41	/ (	(2.827	+	3.02)	/	2 )
=	10.41	/	2.9235
=	3.56

Maison Solutions (NAS:MSS) 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.

Maison Solutions's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	2.9235	/	10.41	*	365 / 4
	=	25.63

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.

Maison Solutions's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	2.9235	/	13.598
	=	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.

Maison Solutions Inventory Turnover Related Terms

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Maison Solutions (Maison Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maison Solutions Inc (NAS:MSS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

127 N Garfield Avenue, Monterey Park, CA, USA, 91754

Website

https://www.maisonsolutionsinc.com

Maison Solutions Inc is a fast-growing, specialty grocery retailer offering traditional Asian food and merchandise to modern U.S. consumers, in particular to the members of Asian-American communities. It is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse communities in which it operates. The company's merchandise includes fresh and unique produce, meats, seafood and other groceries that are not found in mainstream supermarkets, including a variety of Asian vegetables and fruits such as broccoli, bitter melon, winter gourd, Shanghai baby bok choy, longan and lychee.

Executives

Bin Wang	director	112 RICO DR. NORTH, MORGANVILLE NJ 07751
Tao Han	officer: Chief Operating Officer	127 N GARFIELD AVE, MONTEREY PARK CA 91754
John Xu	director, 10 percent owner, officer: President and CEO	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Alexandria M. Lopez	director, officer: Chief Financial Officer	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Xiaoxia Zhang	director	127 N GARFIELD AVE, MONTEREY PARK CA 91754
Mark W. Willis	director	127 N GARFIELD AVE, MONTEREY PARK CA 91754