Millenniumpthorne Hotels New Zealand (NZSE:MCK) Inventory Turnover : 23.12 (As of Jun. 2024)

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What is Millenniumpthorne Hotels New Zealand 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. Millenniumpthorne Hotels New Zealand's Cost of Goods Sold for the six months ended in Jun. 2024 was NZ$38.5 Mil. Millenniumpthorne Hotels New Zealand's Average Total Inventories for the quarter that ended in Jun. 2024 was NZ$1.7 Mil. Millenniumpthorne Hotels New Zealand's Inventory Turnover for the quarter that ended in Jun. 2024 was 23.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millenniumpthorne Hotels New Zealand's Days Inventory for the six months ended in Jun. 2024 was 7.89.

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. Millenniumpthorne Hotels New Zealand's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

Millenniumpthorne Hotels New Zealand Inventory Turnover Historical Data

The historical data trend for Millenniumpthorne Hotels New Zealand'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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Millenniumpthorne Hotels New Zealand Inventory Turnover Chart

Millenniumpthorne Hotels New Zealand Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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59.19

53.80

59.84

44.53

Millenniumpthorne Hotels New Zealand Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															25.67	21.04	20.68	25.94	23.12

Millenniumpthorne Hotels New Zealand Inventory Turnover Calculation

Millenniumpthorne Hotels New Zealand's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	67.879	/ (	(1.409	+	1.64)	/	2 )
=	67.879	/	1.5245
=	44.53

Millenniumpthorne Hotels New Zealand's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	38.485	/ (	(1.64	+	1.689)	/	2 )
=	38.485	/	1.6645
=	23.12

Millenniumpthorne Hotels New Zealand (NZSE:MCK) 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.

Millenniumpthorne Hotels New Zealand's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1.6645	/	38.485	*	365 / 2
	=	7.89

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.

Millenniumpthorne Hotels New Zealand's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1.6645	/	85.319
	=	0.02

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.

Millenniumpthorne Hotels New Zealand Inventory Turnover Related Terms

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Millenniumpthorne Hotels New Zealand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Millennium & Copthorne Hotels New Zealand Ltd (NZSE:MCK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MCKPA.PFD:New Zealand

Address

23 Customs Street East, Victoria Street West, Level 7, PO Box 5640,, Auckland, NZL, 1142

Website

https://www.millenniumhotels.com

Millennium & Copthorne Hotels New Zealand Ltd is engaged in the ownership and operation of hotels in New Zealand. The group is also involved in the residential development and sale of land in New Zealand and the development and sale of residential units in Australia. The operating segments of the group are Hotel operations which comprise income from the ownership and management of hotels; Residential land development, comprising the development and sale of land; Residential and commercial property development, comprising the development and sale of residential apartments; Investment property comprising rental income from warehouses. The majority of the revenue is generated from the Hotel operations segment. The company operates in the geographical areas of New Zealand and Australia.