Minutor Energia (WAR:MTE) Inventory Turnover : 0.04 (As of Sep. 2023)

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What is Minutor Energia 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. Minutor Energia's Cost of Goods Sold for the three months ended in Sep. 2023 was zł0.07 Mil. Minutor Energia's Average Total Inventories for the quarter that ended in Sep. 2023 was zł1.91 Mil. Minutor Energia's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minutor Energia's Days Inventory for the three months ended in Sep. 2023 was 2,454.11.

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. Minutor Energia's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.29.

Minutor Energia Inventory Turnover Historical Data

The historical data trend for Minutor Energia'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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Minutor Energia Inventory Turnover Chart

Minutor Energia Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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0.07

0.28

0.03

0.02

3.38

Minutor Energia Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.29	0.06	0.10	0.04

Minutor Energia Inventory Turnover Calculation

Minutor Energia's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	3.759	/ (	(0.849	+	1.375)	/	2 )
=	3.759	/	1.112
=	3.38

Minutor Energia's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.071	/ (	(1.956	+	1.863)	/	2 )
=	0.071	/	1.9095
=	0.04

Minutor Energia (WAR:MTE) 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.

Minutor Energia's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1.9095	/	0.071	*	365 / 4
	=	2,454.11

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.

Minutor Energia's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1.9095	/	0.581
	=	3.29

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.

Minutor Energia Inventory Turnover Related Terms

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Minutor Energia (WAR:MTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Minutor Energia SA (WAR:MTE) » Definitions » Inventory Turnover

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Address

ul. Miko?owska 26 / 1A, Myslowice, POL, 41-400

Website

https://www.minutor-energia.pl

Minutor Energia SA is engaged in the construction of renewable energy sources so that they can supply your homes and companies with green electricity and heat. The company's services include Photovoltaics for the home, Photovoltaics for business, Photovoltaics for the farmer, Solar farms, Heat pumps and Energy storage.

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