Muliang Viagoo Technology (Muliang Viagoo Technology) Inventory Turnover : 7.32 (As of Sep. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Muliang Viagoo Technology 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. Muliang Viagoo Technology's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.32 Mil. Muliang Viagoo Technology's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.32 Mil. Muliang Viagoo Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 7.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Muliang Viagoo Technology's Days Inventory for the three months ended in Sep. 2023 was 12.46.

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. Muliang Viagoo Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

Muliang Viagoo Technology Inventory Turnover Historical Data

The historical data trend for Muliang Viagoo Technology'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.

* Premium members only.

Muliang Viagoo Technology Inventory Turnover Chart

Muliang Viagoo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

17.81

21.26

30.48

45.47

42.21

Muliang Viagoo Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.16	3.92	3.41	2.14	7.32

Muliang Viagoo Technology Inventory Turnover Calculation

Muliang Viagoo Technology's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	6.923	/ (	(0.134	+	0.194)	/	2 )
=	6.923	/	0.164
=	42.21

Muliang Viagoo Technology'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 )
=	2.322	/ (	(0.292	+	0.342)	/	2 )
=	2.322	/	0.317
=	7.32

Muliang Viagoo Technology (OTCPK:MULG) 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.

Muliang Viagoo Technology'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
	=	0.317	/	2.322	*	365 / 4
	=	12.46

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.

Muliang Viagoo Technology'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 )
	=	0.317	/	3.837
	=	0.08

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.

Muliang Viagoo Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Muliang Viagoo Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Muliang Viagoo Technology (Muliang Viagoo Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Muliang Viagoo Technology Inc (OTCPK:MULG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website

http://www.cmuliang.com

Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China.

Muliang Viagoo Technology (Muliang Viagoo Technology) Headlines

From GuruFocus

Muliang Agritech, Inc. Announces Acquisition of Viagoo Pte Ltd.

By Marketwired Marketwired • 06-26-2020