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. MGP Ingredients's Average Total Inventories for the quarter that ended in Dec. 2023 was $344.6 Mil. MGP Ingredients's Revenue for the
three
months ended in Dec. 2023 was $214.9 Mil.
MGP Ingredients's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.60.
MGP Ingredients's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (1.62) to Sep. 2023 (1.60)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MGP Ingredients's Days Inventory for the
three
months ended in Dec. 2023 was 242.38.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MGP Ingredients's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.
MGP Ingredients Inventory-to-Revenue Historical Data
The historical data trend for MGP Ingredients's Inventory-to-Revenue 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.
Competitive Comparison of MGP Ingredients's Inventory-to-Revenue
For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGP Ingredients's Inventory-to-Revenue Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where MGP Ingredients's Inventory-to-Revenue falls into.
MGP Ingredients Inventory-to-Revenue Calculation
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.
MGP Ingredients's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MGP Ingredients's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
MGP Ingredients Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of MGP Ingredients's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
MGP Ingredients (MGP Ingredients) Business Description
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.
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