Mgo Global Inc (MGOL) Inventory Turnover Ratio, from third quarter 2024 to third quarter 2023, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Mgo Global Inc   (NASDAQ: MGOL)
 

Mgo Global Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the third quarter 2024, Mgo Global Inc 's inventory turnover ratio sequentially decreased to 1.52 in the third quarter 2024, unsurprisingly, as the Mgo Global Inc markets continue to deteriorate, and MGOL's faces growing challenges to bring down its inventories. Mgo Global Inc 's average inventory processing period in the Sep 30 2024 quarter, has increased to 240 days, from 151 days, in the Jun 30 2024 quarter.

Within Consumer Discretionary sector 141 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1168 in the second quarter 2024, to 1618.

MGOL Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Mgo Global Inc Market Share?

What is Inventory Turnover Ratio?



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MGOL Inventory Turnover Ratio (Sep 30 2024)
III. Quarter		 (Jun 30 2024)
II. Quarter		 (Mar 31 2024)
I. Quarter		 (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter
Y / Y Inventory Growth 55.78 % 177.99 % 1211.04 % 941.83 % 884.83 %
Y / Y Cost of Sales Growth -87.53 % -44.42 % 25.16 % 154.66 % 1423.78 %
Inventory Turnover Ratio (TTM) 1.52 2.41 3.42 4.56 5.82
MGOL's Total Ranking # 1618 # 1168 # 745 # 1348 # 654
Average inventory processing period 241 152 107 80 63
Seq. Inventory Growth 24.23 % 25.28 % -6.94 % 7.56 % 121.69 %
Seq. Cost of Sales Growth -79.09 % 106.49 % -74.67 % 14.08 % -6.83 %




Inventory Turnover Ratio Company Ranking
Within: No.
Apparel, Footwear & Accessories Industry # 35
Consumer Discretionary Sector # 142
Overall Market # 1618

Inventory Turnover Ratio Statistics
High Average Low
4.87 3.36 1.52
(Sep 30 2023)   (Sep 30 2024)



MGOL Company Profile >> Back to MGOL Efficiency Comparisons >> Compare MGOL Inventory Turnover Ratio to its Competitors

Financial Statements
Mgo Global Inc 's Inventories $ 1 Millions Visit MGOL's Balance sheet
Mgo Global Inc 's Cost of Revenues TTM $ 1 Millions Visit MGOL's Income Statement
What are MGOL's Sales? Visit MGOL's Sales by Segment

Other Inventory Turnover Ratios
Mgo Global Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Apparel, Footwear & Accessories Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MGOL's Inventory Turnover Ratio versus Apparel, Footwear & Accessories Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MGOL's Competitors
Inventory Turnover Ratio for MGOL's Suppliers
Inventory Turnover Ratio for MGOL's Customers

You may also want to know
MGOL's Sales Growth Rates MGOL's Pe Price to earnings ratio MGOL's Receivables Turnover Ratio MGOL's Stock Quote
MGOL's Net Income Growth Rates MGOL's Ps Price to Sales ratio MGOL's Sales per Employee MGOL's Asset Turnover Ratio
MGOL's Net Margin MGOL's Pb Price to Book ratio MGOL's Financial Strength Ratios MGOL's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2024 Inventories at quarter ending Sep 30 2024
Flexsteel Industries Inc   3.20 $ 329.255  Millions$ 103  Millions
Mohawk Industries Inc   3.16 $ 8,103.000  Millions$ 2,568  Millions
Wolverine World Wide Inc   3.14 $ 1,030.000  Millions$ 328  Millions
Deckers Outdoor Corp  3.14 $ 1,997.020  Millions$ 636  Millions
Universal Safety Products inc   3.10 $ 15.411  Millions$ 5  Millions
Lucid Group Inc   2.98 $ 1,697.710  Millions$ 570  Millions
Genuine Parts Co  2.96 $ 14,832.413  Millions$ 5,011  Millions
Kontoor Brands Inc   2.96 $ 1,442.670  Millions$ 488  Millions
Empery Digital Inc   2.94 $ 21.314  Millions$ 7  Millions
Interface Inc  2.89 $ 823.000  Millions$ 285  Millions
Guess Inc  2.88 $ 1,657.068  Millions$ 575  Millions
Irobot Corporation  2.87 $ 384.168  Millions$ 134  Millions
Lululemon Athletica Inc   2.84 $ 4,188.013  Millions$ 1,475  Millions
Lkq Corporation  2.83 $ 8,814.000  Millions$ 3,110  Millions
The Toro Company  2.76 $ 3,034.000  Millions$ 1,101  Millions
Faraday Future Intelligent Electric Inc   2.71 $ 81.000  Millions$ 30  Millions
Fossil Group inc   2.69 $ 610.000  Millions$ 226  Millions
Under Armour Inc   2.68 $ 2,871.516  Millions$ 1,072  Millions
Skechers Usa Inc  2.68 $ 4,085.651  Millions$ 1,527  Millions
Brunswick Corporation  2.65 $ 3,982.100  Millions$ 1,505  Millions
Caleres inc  2.63 $ 1,526.948  Millions$ 580  Millions
Capstone Green Energy Holdings Inc   2.63 $ 59.712  Millions$ 23  Millions
Luvu Brands Inc   2.63 $ 8.719  Millions$ 3  Millions
The Dixie Group Inc  2.60 $ 197.729  Millions$ 76  Millions
Bassett Furniture Industries Incorporated  2.59 $ 154.813  Millions$ 60  Millions
Fox Factory Holding Corp   2.55 $ 959.447  Millions$ 377  Millions
Voxx International Corporation  2.54 $ 319.654  Millions$ 126  Millions
Bel Fuse Inc  2.50 $ 325.320  Millions$ 130  Millions
Ecd Automotive Design Inc   2.49 $ 25.805  Millions$ 10  Millions
Nocopi Technologies Inc   2.45 $ 0.912  Millions$ 0  Millions

Date modified: 2026-06-22T14:32:39+00:00




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