Marlborough Wine Estates Group (NZSE:MWE) Inventory Turnover : 0.84 (As of Jun. 2024)

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What is Marlborough Wine Estates 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. Marlborough Wine Estates Group's Cost of Goods Sold for the six months ended in Jun. 2024 was NZ$4.58 Mil. Marlborough Wine Estates Group's Average Total Inventories for the quarter that ended in Jun. 2024 was NZ$5.43 Mil. Marlborough Wine Estates Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marlborough Wine Estates Group's Days Inventory for the six months ended in Jun. 2024 was 216.42.

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. Marlborough Wine Estates Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.18.

Marlborough Wine Estates Group Inventory Turnover Historical Data

The historical data trend for Marlborough Wine Estates 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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Marlborough Wine Estates Group Inventory Turnover Chart

Marlborough Wine Estates Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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1.02

1.21

0.96

0.89

1.22

Marlborough Wine Estates Group Semi-Annual Data
	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												0.45	0.53	0.41	0.52	0.84

Marlborough Wine Estates Group Inventory Turnover Calculation

Marlborough Wine Estates Group's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	7.713	/ (	(6.956	+	5.732)	/	2 )
=	7.713	/	6.344
=	1.22

Marlborough Wine Estates Group'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 )
=	4.576	/ (	(5.121	+	5.732)	/	2 )
=	4.576	/	5.4265
=	0.84

Marlborough Wine Estates Group (NZSE:MWE) 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.

Marlborough Wine Estates Group'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
	=	5.4265	/	4.576	*	365 / 2
	=	216.42

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.

Marlborough Wine Estates Group'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 )
	=	5.4265	/	4.613
	=	1.18

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.

Marlborough Wine Estates Group Inventory Turnover Related Terms

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Marlborough Wine Estates Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Marlborough Wine Estates Group Ltd (NZSE:MWE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

5-7 Kingdon Street, Level 6, Newmarket, Central, Auckland, NTL, NZL

Website

https://www.nzmwe.com

Marlborough Wine Estates Group Ltd is a New Zealand-based company engaged in vineyard maintenance, grape production, and winemaking. It operates under the brand names of OTU Estates and Music Bay. The group operates in various geographical areas including New Zealand and Oceania; United States; UK/Europe; Australasia and Others. It derives a majority of its revenue from New Zealand and Oceania.