Move Logistics Group (NZSE:MOV) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Move Logistics Group 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. Move Logistics Group's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$0.0 Mil. Move Logistics Group's Average Total Inventories for the quarter that ended in Dec. 2023 was NZ$0.2 Mil. Move Logistics Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Move Logistics Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Move Logistics Group Inventory Turnover Historical Data

The historical data trend for Move Logistics Group'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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Move Logistics Group Inventory Turnover Chart

Move Logistics Group Annual Data

Trend

Mar14

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Jun23

Inventory Turnover

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Move Logistics Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Move Logistics Group Inventory Turnover Calculation

Move Logistics Group'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	/ (	(0	+	0.219)	/	1 )
=	0	/	0.219
=	0.00

Move Logistics Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0	/ (	(0.219	+	0.126)	/	2 )
=	0	/	0.1725
=	0.00

Move Logistics Group (NZSE:MOV) 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.

Move Logistics Group's Days Inventory for the six 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
	=	0.1725	/	0	*	365 / 2
	=

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.

Move Logistics Group'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 )
	=	0.1725	/	158.25
	=	0.00

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.

Move Logistics Group Inventory Turnover Related Terms

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Move Logistics Group (NZSE:MOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Move Logistics Group Ltd (NZSE:MOV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MOV:Australia

Address

330 Devon Street East, Fitzroy, New Plymouth, TKI, NZL, 4312

Website

https://www.movelogistics.com

Move Logistics Group Ltd offers freight transport and warehousing services throughout New Zealand and coordinates freight movements offshore through international alliances. The company's operating segments include International; Specialist; Freighting; Contract Logistics and Corporate. It generates maximum revenue from the Freighting segment.