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Mix Telematics Limited  (MIXT)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

Mix Telematics Limited Inventory Turnover Ratio (COS)

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

Mix Telematics Limited inventory turnover ratio, the Mix Telematics Limited's ability to sell and replace its inventory in the third quarter 2023, sequentially increased to 11.94 in the third quarter 2023, yet the ratio remained below the average, as MIXT's market remain challenging.Average processing period, for Mix Telematics Limited's inventories remained unchanged at 31 days, in the Dec 31 2023 quarter.

Within Technology sector 22 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 79, from total ranking in the second quarter 2023 at 251.

MIXT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Mix Telematics Limited Market Share?

What is Inventory Turnover Ratio?


MIXT Inventory Turnover Ratio (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Inventory Growth 2.84 % 2.31 % -1.7 % 47.08 % 45.2 %
Y / Y Cost of Sales Growth 15.38 % 7.69 % 0 % 16.26 % -5.54 %
Inventory Turnover Ratio (TTM) 11.94 11.6 11.45 11.4 12
MIXT's Total Ranking # 79 # 251 # 262 # 361 # 464
Average inventory processing period 31 31 32 32 30
Seq. Inventory Growth 15.75 % 3.91 % -13.47 % -1.18 % 15.15 %
Seq. Cost of Sales Growth 7.14 % 7.69 % -7.51 % 8.12 % 0 %



Inventory Turnover Ratio Company Ranking
Within: No.
Software & Programming Industry # 5
Technology Sector # 23
Overall Market # 79

Inventory Turnover Ratio Statistics
High Average Low
23.92 14.02 11.4
(Dec 31 2020)   (Mar 31 2023)




Financial Statements
Mix Telematics Limited's Inventories $ 5 Millions Visit MIXT's Balance sheet
Mix Telematics Limited's Cost of Revenues TTM $ 56 Millions Visit MIXT's Income Statement
What are MIXT's Sales? Visit MIXT's Sales by Segment

Other Inventory Turnover Ratios
Mix Telematics Limited's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
MIXT's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for MIXT's Competitors
Inventory Turnover Ratio for MIXT's Suppliers
Inventory Turnover Ratio for MIXT's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Toast Inc   27.87 $ 3,031.000  Millions$ 109  Millions
International Business Machines Corporation  18.95 $ 27,560.000  Millions$ 1,454  Millions
Golden Matrix Group Inc   18.43 $ 34.439  Millions$ 2  Millions
Track Group Inc   16.20 $ 18.325  Millions$ 1  Millions
Roper Technologies Inc   15.78 $ 1,870.000  Millions$ 119  Millions
Where Food Comes From Inc   14.72 $ 14.131  Millions$ 1  Millions
Skywater Technology Inc   14.58 $ 227.390  Millions$ 16  Millions
Neogenomics Inc   14.22 $ 347.000  Millions$ 24  Millions
Applied Dna Sciences inc   14.15 $ 4.775  Millions$ 0  Millions
F5 Inc   13.62 $ 573.993  Millions$ 42  Millions
Franklin Wireless Corp   12.40 $ 40.528  Millions$ 3  Millions
Mix Telematics Limited  11.94 $ 56.055  Millions$ 5  Millions
Par Technology Corporation  11.88 $ 317.000  Millions$ 27  Millions
Franklin Covey Co   11.70 $ 47.876  Millions$ 4  Millions
Amkor Technology Inc   11.26 $ 5,559.000  Millions$ 494  Millions
Netscout Systems Inc   11.05 $ 186.941  Millions$ 17  Millions
Transcat Inc  10.74 $ 171.714  Millions$ 16  Millions
Photronics Inc   10.56 $ 556.987  Millions$ 53  Millions
Iteris inc   9.68 $ 107.952  Millions$ 11  Millions
Csp inc  8.28 $ 41.480  Millions$ 5  Millions
Matterport Inc   7.79 $ 87.000  Millions$ 11  Millions
Pixelworks Inc  7.67 $ 33.968  Millions$ 4  Millions
Arlo Technologies Inc   7.54 $ 323.000  Millions$ 43  Millions
Enphase Energy Inc   7.00 $ 1,232.000  Millions$ 176  Millions
Broadcom Inc   6.79 $ 12,804.000  Millions$ 1,887  Millions
Netlist Inc  6.58 $ 66.000  Millions$ 10  Millions
Cisco Systems Inc   5.99 $ 20,479.000  Millions$ 3,417  Millions
Hp inc   5.88 $ 41,488.000  Millions$ 7,052  Millions
Ribbon Communications inc   5.62 $ 418.000  Millions$ 74  Millions
Premier Inc   5.49 $ 431.227  Millions$ 78  Millions

Date modified: 2024-02-09T16:43:21+00:00



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