Maroc Telecom (XPAR:IAM) Inventory Turnover : 10.01 (As of Dec. 2023)

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What is Maroc Telecom 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. Maroc Telecom's Cost of Goods Sold for the six months ended in Dec. 2023 was €474 Mil. Maroc Telecom's Average Total Inventories for the quarter that ended in Dec. 2023 was €47 Mil. Maroc Telecom's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maroc Telecom's Days Inventory for the six months ended in Dec. 2023 was 18.22.

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. Maroc Telecom's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Maroc Telecom Inventory Turnover Historical Data

The historical data trend for Maroc Telecom'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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Maroc Telecom Inventory Turnover Chart

Maroc Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.95

18.30

25.64

18.45

16.40

Maroc Telecom Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															15.59	6.70	11.50	4.93	10.01

Maroc Telecom Inventory Turnover Calculation

Maroc Telecom'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 )
=	715.936	/ (	(45.486	+	41.821)	/	2 )
=	715.936	/	43.6535
=	16.40

Maroc Telecom'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	473.845	/ (	(52.817	+	41.821)	/	2 )
=	473.845	/	47.319
=	10.01

Maroc Telecom (XPAR:IAM) 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.

Maroc Telecom's Days Inventory for the six 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
	=	47.319	/	473.845	*	365 / 2
	=	18.22

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.

Maroc Telecom'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 )
	=	47.319	/	1834.951
	=	0.03

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.

Maroc Telecom Inventory Turnover Related Terms

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Maroc Telecom (XPAR:IAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Maroc Telecom SA (XPAR:IAM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IAM:Morocco MSPA:Germany

Address

Avenue Annakhil, Hay Riad, Rabat, MAR

Website

https://www.iam.ma

Maroc Telecom SA telecommunications operator in the Kingdom of Morocco. The company provides a wide range of services covering Fixed-Line and Mobile communications, data transfer, and other value-added services. It operates in the Fixed-Line telephony, Mobile telephony and Internet segments. The Fixed-Line and Mobile operating segments are combined within the Services Division (DGS) and the Networks and Systems Division. The company derives majority revenues from Morocco.

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