Millenium Food-Tech-Ltd Partnership (XTAE:MIFT) Inventory Turnover : 0.00 (As of . 20)

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What is Millenium Food-Tech-Ltd Partnership 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. Millenium Food-Tech-Ltd Partnership's Cost of Goods Sold for the six months ended in . 20 was ₪0.00 Mil. Millenium Food-Tech-Ltd Partnership's Average Total Inventories for the quarter that ended in . 20 was ₪0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

Millenium Food-Tech-Ltd Partnership Inventory Turnover Historical Data

The historical data trend for Millenium Food-Tech-Ltd Partnership'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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Millenium Food-Tech-Ltd Partnership Inventory Turnover Chart

Millenium Food-Tech-Ltd Partnership Annual Data

Trend

Inventory Turnover

Millenium Food-Tech-Ltd Partnership Semi-Annual Data

Inventory Turnover

Millenium Food-Tech-Ltd Partnership Inventory Turnover Calculation

Millenium Food-Tech-Ltd Partnership's Inventory Turnover for the fiscal year that ended in . 20 is calculated as

	Inventory Turnover (A: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: . 20 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Millenium Food-Tech-Ltd Partnership's Inventory Turnover for the quarter that ended in . 20 is calculated as

	Inventory Turnover (Q: . 20 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: . 20 )	/ (	(Total Inventories (Q: . 20 )	+	Total Inventories (Q: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Millenium Food-Tech-Ltd Partnership (XTAE:MIFT) 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.

Millenium Food-Tech-Ltd Partnership's Days Inventory for the six months ended in . 20 is calculated as:

Days Inventory	=	Average Total Inventories (Q: . 20 )	/	Cost of Goods Sold (Q: . 20 )	*	Days in Period
	=	0	/		*	365 / 2
	=

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.

Millenium Food-Tech-Ltd Partnership's Inventory to Revenue for the quarter that ended in . 20 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: . 20 )	/	Revenue (Q: . 20 )
	=	0	/
	=

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.

Millenium Food-Tech-Ltd Partnership Inventory Turnover Related Terms

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Millenium Food-Tech-Ltd Partnership Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Millenium Food-Tech-Ltd Partnership (XTAE:MIFT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Alexander Zarhin Street, P.O. 4318, Ra'anana, ISR

Website

https://millennium-ft.com

Millenium Food-Tech-Ltd Partnership is engaged in research and development of food technology-food substitutes.

Millenium Food-Tech-Ltd Partnership Headlines

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