mic AG (XTER:M3BK) Inventory Turnover : 1.32 (As of Jun. 2023)

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What is mic AG 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. mic AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €29.83 Mil. mic AG's Average Total Inventories for the quarter that ended in Jun. 2023 was €22.52 Mil. mic AG's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. mic AG's Days Inventory for the six months ended in Jun. 2023 was 137.77.

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. mic AG's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.59.

mic AG Inventory Turnover Historical Data

The historical data trend for mic AG'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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mic AG Inventory Turnover Chart

mic AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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-0.04

4.10

mic AG Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															-	-0.03	-0.03	-0.64	1.32

mic AG Inventory Turnover Calculation

mic AG's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	76.957	/ (	(11.841	+	25.655)	/	2 )
=	76.957	/	18.748
=	4.10

mic AG's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	29.833	/ (	(25.655	+	19.387)	/	2 )
=	29.833	/	22.521
=	1.32

mic AG (XTER:M3BK) 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.

mic AG's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	22.521	/	29.833	*	365 / 2
	=	137.77

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.

mic AG's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	22.521	/	38.42
	=	0.59

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.

mic AG Inventory Turnover Related Terms

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mic AG (XTER:M3BK) Business Description

Industry

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Traded in Other Exchanges

M3BK:Germany M3BK:Germany

Address

Denisstrabe 1b, Munich, DEU, 80335

Website

http://www.mic-ag.eu

mic AG is an investment company. It invests in young technology companies in the field of fiber optics, clean tech, software, microsystems and IT among others. The portfolio comprises of Aifotec AG, 3-Edge Gmbh, and FiSec Gmbh and among others. Its portfolio comprises of u-GPS Optics GmbH, a developer of a technology for three-dimensional (3D) optical measurements, Flores Solar Water GmbH, which develops a low-cost water treatment plant that uses solar thermal energy.

Executives

Dr. Jürgen Gromer	Supervisory Board
Arne Weber	Board of Directors
Andreas Empl	Board of Directors
Ralph Weidenmann	Supervisory Board
Peter Trosien	Board of Directors

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