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Mgp Ingredients Inc   (MGPI)
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Mgp Ingredients Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the forth quarter 2023, Mgp Ingredients Inc 's inventory turnover ratio sequentially decreased to 1.58 in the fourth quarter 2023, unsurprisingly, as the Mgp Ingredients Inc markets continue to deteriorate, and MGPI's faces growing challenges to bring down its inventories. Mgp Ingredients Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 231 days, from 221 days, in the Sep 30 2023 quarter.

Within Consumer Non Cyclical sector 94 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 485 in the third quarter 2023, to 785.

MGPI Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Mgp Ingredients Inc Market Share?

What is Inventory Turnover Ratio?


MGPI Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 19.72 % 24.29 % 25.97 % 18.9 % 17.8 %
Y / Y Cost of Sales Growth 1.04 % -2.88 % -2.25 % 6.3 % 12 %
Inventory Turnover Ratio (TTM) 1.58 1.65 1.75 1.87 1.93
MGPI's Total Ranking # 785 # 485 # 485 # 1228 # 1108
Average inventory processing period 231 221 208 195 189
Seq. Inventory Growth 1.3 % -0.41 % 11.43 % 6.5 % 5.17 %
Seq. Cost of Sales Growth -6.44 % 3.99 % 1.16 % 2.66 % -10.07 %



Inventory Turnover Ratio Company Ranking
Within: No.
Alcoholic Beverages Industry # 2
Consumer Non Cyclical Sector # 95
Overall Market # 785

Inventory Turnover Ratio Statistics
High Average Low
9.07 3.63 1.58
(Sep. 30, 2014)   (Dec 31 2023)




Financial Statements
Mgp Ingredients Inc 's Inventories $ 347 Millions Visit MGPI's Balance sheet
Mgp Ingredients Inc 's Cost of Revenues TTM $ 531 Millions Visit MGPI's Income Statement
What are MGPI's Sales? Visit MGPI's Sales by Segment

Other Inventory Turnover Ratios
Mgp Ingredients Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Alcoholic Beverages Industry Inventory Turnover Trends and Statistics
Consumer Non Cyclical Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MGPI's Inventory Turnover Ratio versus Alcoholic Beverages Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MGPI's Competitors
Inventory Turnover Ratio for MGPI's Suppliers
Inventory Turnover Ratio for MGPI's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Consumer Non Cyclical Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Natural Alternatives International Inc  4.12 $ 115.163  Millions$ 28  Millions
Ingredion Incorporated  4.11 $ 6,411.000  Millions$ 1,558  Millions
Coca Cola Co  4.10 $ 18,520.000  Millions$ 4,512  Millions
Colgate palmolive Company  4.06 $ 8,131.000  Millions$ 2,004  Millions
Mosaic Co  4.01 $ 11,485.000  Millions$ 2,861  Millions
Laird Superfood Inc   3.96 $ 23.911  Millions$ 6  Millions
Conagra Brands Inc   3.86 $ 8,880.000  Millions$ 2,303  Millions
Celsius Holdings Inc   3.73 $ 684.875  Millions$ 184  Millions
Sunopta Inc   3.68 $ 541.680  Millions$ 147  Millions
Kenvue Inc   3.41 $ 6,801.000  Millions$ 1,996  Millions
Twinlab Consolidated Holdings Inc   3.37 $ 17.467  Millions$ 5  Millions
Altria Group Inc   3.37 $ 3,981.000  Millions$ 1,182  Millions
Mccormick and Co Inc  3.35 $ 4,159.700  Millions$ 1,243  Millions
United guardian Inc   3.27 $ 5.480  Millions$ 2  Millions
Brc Inc   3.00 $ 270.000  Millions$ 90  Millions
Usana Health Sciences Inc   2.84 $ 176.000  Millions$ 62  Millions
Coty Inc   2.67 $ 2,181.400  Millions$ 818  Millions
Central Garden and Pet Co  2.61 $ 2,362.036  Millions$ 905  Millions
Scotts Miracle gro Co  2.60 $ 2,641.400  Millions$ 1,016  Millions
Chromadex Corporation  2.57 $ 32.790  Millions$ 13  Millions
Molson Coors Beverage Company  2.54 $ 2,182.500  Millions$ 858  Millions
B and g Foods inc   2.48 $ 1,606.000  Millions$ 647  Millions
Tilray Brands Inc   2.48 $ 549.555  Millions$ 222  Millions
Philip Morris International Inc   2.39 $ 22,491.000  Millions$ 9,413  Millions
Natural Health Trends Corp   2.33 $ 11.000  Millions$ 5  Millions
Beyond Meat Inc   2.26 $ 426.000  Millions$ 189  Millions
China Green Agriculture Inc   2.13 $ 93.587  Millions$ 44  Millions
Hydrofarm Holdings Group Inc   2.12 $ 188.000  Millions$ 89  Millions
Alico Inc   2.07 $ 80.909  Millions$ 39  Millions
Cbdmd Inc   2.07 $ 8.478  Millions$ 4  Millions

Date modified: 2024-02-22T17:01:06+00:00



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