Marks Electrical Group (LSE:MRK) Total Inventories : £14.0 Mil (As of Sep. 2023)

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What is Marks Electrical Group Total Inventories?

Marks Electrical Group's total inventories for the quarter that ended in Sep. 2023 was £14.0 Mil. Marks Electrical Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was £14.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Marks Electrical Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marks Electrical Group's Days Inventory for the six months ended in Sep. 2023 was 56.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marks Electrical Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.22.

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. Marks Electrical Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.26.

Marks Electrical Group Total Inventories Historical Data

The historical data trend for Marks Electrical Group's Total Inventories 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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Marks Electrical Group Total Inventories Chart

Marks Electrical Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

4.77

4.32

11.43

14.39

14.20

Marks Electrical Group Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial				11.54	14.39	14.33	14.20	13.97

Marks Electrical Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Marks Electrical Group (LSE:MRK) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Marks Electrical Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10.901	+	0.75 * 4.985	+	0.5 * 13.973	-	21.081
-	0	-	0)	/	105.248
=	0.01

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

Marks Electrical Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	14.0865	/	45.378	*	365 / 2
	=	56.65

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Marks Electrical Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	45.378	/	14.0865
	=	3.22

4. 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.

Marks Electrical Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	14.0865	/	53.858
	=	0.26

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Marks Electrical Group Total Inventories Related Terms

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Marks Electrical Group (LSE:MRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Marks Electrical Group PLC (LSE:MRK) » Definitions » Total Inventories

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Traded in Other Exchanges

N/A

Address

4 Boston Road, Leicester, GBR, LE4 1AU

Website

https://www.markselectrical.co.uk

Marks Electrical Group PLC sells, delivers, installs, and recycles a wide range of household electrical products. Primarily through its retail website - markselectrical.co.uk, the company offers over 3,000 products from over fifty brands across its main product categories, which include Cooking, Refrigeration, Washers & Dryers, Dishwashers and Audio-Visual. These products are sourced from UK distributors of the brands, with whom the group maintains strong and direct relationships. Delivery to customers is operated by its own skilled team of delivery drivers in its owned and branded vehicles, who are also able to offer installation and recycling services.