Metalac a.d. , Gornji Milanovac (XBEL:MTLC) Inventory Turnover : 1.35 (As of Jun. 2024)

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What is Metalac a.d. , Gornji Milanovac 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. Metalac a.d. , Gornji Milanovac's Cost of Goods Sold for the six months ended in Jun. 2024 was RSD5,049 Mil. Metalac a.d. , Gornji Milanovac's Average Total Inventories for the quarter that ended in Jun. 2024 was RSD3,734 Mil. Metalac a.d. , Gornji Milanovac's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Metalac a.d. , Gornji Milanovac's Days Inventory for the six months ended in Jun. 2024 was 134.99.

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. Metalac a.d. , Gornji Milanovac's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.48.

Metalac a.d. , Gornji Milanovac Inventory Turnover Historical Data

The historical data trend for Metalac a.d. , Gornji Milanovac'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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Metalac a.d. , Gornji Milanovac Inventory Turnover Chart

Metalac a.d. , Gornji Milanovac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.99

2.92

3.09

2.89

2.90

Metalac a.d. , Gornji Milanovac 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															1.17	1.46	1.25	1.60	1.35

Metalac a.d. , Gornji Milanovac Inventory Turnover Calculation

Metalac a.d. , Gornji Milanovac'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 )
=	10417.631	/ (	(3566.562	+	3624.93)	/	2 )
=	10417.631	/	3595.746
=	2.90

Metalac a.d. , Gornji Milanovac'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 )
=	5048.565	/ (	(3624.93	+	3843.824)	/	2 )
=	5048.565	/	3734.377
=	1.35

Metalac a.d. , Gornji Milanovac (XBEL:MTLC) 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.

Metalac a.d. , Gornji Milanovac'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
	=	3734.377	/	5048.565	*	365 / 2
	=	134.99

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.

Metalac a.d. , Gornji Milanovac'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 )
	=	3734.377	/	7751.292
	=	0.48

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.

Metalac a.d. , Gornji Milanovac Inventory Turnover Related Terms

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Metalac a.d. , Gornji Milanovac Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalac a.d. , Gornji Milanovac (XBEL:MTLC) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Kneza Aleksandra 212, Gornji Milanovac, SRB, 32300

Website

http://www.metalac.com

Metalac a.d. , Gornji Milanovac produces and sells enamel, Teflon-coated, aluminum and stainless-steel cookware. It also sells water heaters, transport and luxurious cardboard packing materials, steel products, and others.

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