Melco Holdings (NGO:6676) Inventory Turnover : 1.23 (As of Dec. 2023)

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What is Melco Holdings 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. Melco Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円29,345 Mil. Melco Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円23,950 Mil. Melco Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Melco Holdings's Days Inventory for the three months ended in Dec. 2023 was 74.47.

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. Melco Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Melco Holdings Inventory Turnover Historical Data

The historical data trend for Melco Holdings'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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Melco Holdings Inventory Turnover Chart

Melco Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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8.01

6.92

6.83

5.63

4.82

Melco Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.19	1.13	1.05	1.05	1.23

Melco Holdings Inventory Turnover Calculation

Melco Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	106589	/ (	(21811	+	22420)	/	2 )
=	106589	/	22115.5
=	4.82

Melco Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	29345	/ (	(23764	+	24135)	/	2 )
=	29345	/	23949.5
=	1.23

Melco Holdings (NGO:6676) 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.

Melco Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	23949.5	/	29345	*	365 / 4
	=	74.47

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.

Melco Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	23949.5	/	39019
	=	0.61

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.

Melco Holdings Inventory Turnover Related Terms

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Melco Holdings (NGO:6676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Melco Holdings Inc (NGO:6676) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

6676:Japan

Address

30-20, Ohsu 3-chome, Akamon-dori Building, Naka-ku, Nagoya, JPN, 460-8315

Website

http://melco-hd.jp

Melco Holdings, Inc. is a holding company with interests in manufacturing computer and broadband equipment. Its product portfolio includes storage products, flash memory devices, digital home products, memory modules, network and broadband products, and computer and electronics supplies, accessories, and components. It also offers support services such as computer set-up at doorstep, surveys for corporate wireless LANs as well as installation. The firm has business operations throughout Japan, Asia, Europe, and the United States of America.

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