Merlin Properties SOCIMI (XMAD:MRL) Inventory Turnover : 0.21 (As of Dec. 2023)

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What is Merlin Properties SOCIMI 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. Merlin Properties SOCIMI's Cost of Goods Sold for the three months ended in Dec. 2023 was €10.5 Mil. Merlin Properties SOCIMI's Average Total Inventories for the quarter that ended in Dec. 2023 was €51.0 Mil. Merlin Properties SOCIMI's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merlin Properties SOCIMI's Days Inventory for the three months ended in Dec. 2023 was 444.02.

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. Merlin Properties SOCIMI's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Merlin Properties SOCIMI Inventory Turnover Historical Data

The historical data trend for Merlin Properties SOCIMI'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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Merlin Properties SOCIMI Inventory Turnover Chart

Merlin Properties SOCIMI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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63.41

2.70

1.28

1.18

0.92

Merlin Properties SOCIMI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.27	0.26	0.22	0.24	0.21

Merlin Properties SOCIMI Inventory Turnover Calculation

Merlin Properties SOCIMI'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 )
=	43.823	/ (	(44.508	+	50.976)	/	2 )
=	43.823	/	47.742
=	0.92

Merlin Properties SOCIMI'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10.476	/ (	(0	+	50.976)	/	1 )
=	10.476	/	50.976
=	0.21

Merlin Properties SOCIMI (XMAD:MRL) 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.

Merlin Properties SOCIMI's Days Inventory for the three 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
	=	50.976	/	10.476	*	365 / 4
	=	444.02

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.

Merlin Properties SOCIMI'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 )
	=	50.976	/	108.152
	=	0.47

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.

Merlin Properties SOCIMI Inventory Turnover Related Terms

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Merlin Properties SOCIMI (XMAD:MRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Merlin Properties SOCIMI SA (XMAD:MRL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MRPRF:USA MRL:Portugal MRLe:UK 0QVM:UK MEQA:Germany

Address

Paseo de la Castellana 257, Madrid, ESP, 28046

Website

https://www.merlinproperties.com

Merlin Properties SOCIMI SA is a Spain-based company engaged in the operation of the real estate investment trust. The main activity of the company is the acquisition, active management, operation and selective rotation of quality commercial real estate assets in the "Core" and "Core-Plus" investment segments, mainly in Spain and, to a lesser extent, in Portugal. Its segments are based on the type of assets namely Office buildings, Net lease, Shopping centers, Logistics assets, and others. The company generates the maximum revenue from the Office buildings segment.

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