MVNT (Movement Industries) Inventory Turnover: 8.69 (As of Jun. 2023)


What is Movement Industries Inventory Turnover?

Movement Industries MVNT +1.00% Inventory Turnover is 8.69 as of Jun. 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. Movement Industries's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.58 Mil. Movement Industries's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.07 Mil. Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 was 8.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movement Industries's Days Inventory for the six months ended in Jun. 2023 was 21.01.

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. Movement Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.08.

Movement Industries  (OTCPK:MVNT) 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.

Movement Industries's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.067/0.582*365 / 2
=21.01

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.

Movement Industries's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.067 / 0.868
=0.08

* 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.

Movement Industries Inventory Turnover Related Terms

Movement Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Movement Industries'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.

Movement Industries Inventory Turnover Chart

Movement Industries Annual Data
Trend Jun22 Jun23
Inventory Turnover
24.13 8.69

Movement Industries Semi-Annual Data
Jun22 Jun23
Inventory Turnover 24.13 8.69

Movement Industries Inventory Turnover Calculation

Movement Industries's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Inventory Turnover (A: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2023 ) / ((Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count )
=0.582 / ((0.038 + 0.096) / 2 )
=0.582 / 0.067
=8.69

Movement Industries's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Jun. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.582 / ((0.038 + 0.096) / 2 )
=0.582 / 0.067
=8.69

* 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 8.69 mean?
Movement Industries (MVNT) has a Inventory Turnover of 8.69 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Movement Industries and its competitors.
Is Movement Industries' Inventory Turnover too high?
Movement Industries' current Inventory Turnover is 8.69.
How does Movement Industries' Inventory Turnover compare to ILUS and BENF?
Movement Industries' Inventory Turnover of 8.69 can be compared against companies in the Asset Management 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 an Asset Management company?
A good Inventory Turnover depends on the Asset Management 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 Movement Industries and its competitors. Movement Industries's current Inventory Turnover is 8.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Movement Industries stock overvalued right now?
Movement Industries (MVNT) has a current Inventory Turnover of 8.69. The current Inventory Turnover is 8.69. 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 Movement Industries (MVNT), the current Inventory Turnover is 8.69 as of Jun. 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.

Movement Industries Business Description

Address 6829 Flintlock Road, Houston, TX, USA, 77040
Movement Industries Corp invests in and operates companies across the energy, oil and gas, renewables, agricultural, and industrial manufacturing sectors. The company operates in North America, South America, Africa, European and Asian markets.