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Mynd.ai (STU:WK6) Inventory Turnover : 2.62 (As of Dec. 2024)


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What is Mynd.ai 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. Mynd.ai's Cost of Goods Sold for the six months ended in Dec. 2024 was €76.9 Mil. Mynd.ai's Average Total Inventories for the quarter that ended in Dec. 2024 was €29.3 Mil. Mynd.ai's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mynd.ai's Days Inventory for the six months ended in Dec. 2024 was 69.55.

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. Mynd.ai's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.30.

Mynd.ai Inventory Turnover Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai Inventory Turnover Chart

Mynd.ai Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Inventory Turnover
- 3.99 3.70 5.00

Mynd.ai Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Inventory Turnover - 1.44 2.73 2.78 2.62

Mynd.ai Inventory Turnover Calculation

Mynd.ai's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=192.089 / ((49.467 + 27.349) / 2 )
=192.089 / 38.408
=5.00

Mynd.ai's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=76.909 / ((31.272 + 27.349) / 2 )
=76.909 / 29.3105
=2.62

* 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.

Mynd.ai  (STU:WK6) 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.

Mynd.ai's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=29.3105/76.909*365 / 2
=69.55

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.

Mynd.ai's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=29.3105 / 96.835
=0.30

* 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.

Mynd.ai Inventory Turnover Related Terms

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Mynd.ai Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (STU:WK6) » Definitions » Inventory Turnover
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Traded in Other Exchanges
MYND:USA WK6:Germany
Address
Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, CYM, KY1-1104
Website
https://www.mynd.ai
Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the needs of customers, including K -12 educators, colleges and universities, small businesses and corporations, government agencies, and more. Geographically, it operates in United States and Rest of the world.

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