Gevo (GEVO) Inventory Turnover : 0.84 (As of Dec. 2023)

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What is Gevo Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Gevo's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.16 Mil. Gevo's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.75 Mil. Gevo's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gevo's Days Inventory for the three months ended in Dec. 2023 was 108.42.

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. Gevo's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Gevo Inventory Turnover Historical Data

The historical data trend for Gevo's Inventory Turnover 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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Gevo Inventory Turnover Chart

Gevo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.54

5.27

2.93

1.91

2.36

Gevo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.83	0.44	0.61	0.84

Gevo Inventory Turnover Calculation

Gevo's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	11.991	/ (	(6.347	+	3.809)	/	2 )
=	11.991	/	5.078
=	2.36

Gevo's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3.155	/ (	(3.688	+	3.809)	/	2 )
=	3.155	/	3.7485
=	0.84

Gevo (NAS:GEVO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Gevo's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	3.7485	/	3.155	*	365 / 4
	=	108.42

2. 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.

Gevo's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3.7485	/	4.374
	=	0.86

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Gevo Inventory Turnover Related Terms

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Gevo (GEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gevo Inc (NAS:GEVO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GEVO:Mexico ZGV3:Germany

Address

345 Inverness Drive South, Building C, Suite 310, Englewood, CO, USA, 80112

Website

https://www.gevo.com

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment, Renewable Natural Gas Segment, Net-Zero Segment and the Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel. Gevo Development/Agri-Energy is the key revenue-generating segment that involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.

Executives

Andrew Shafer	officer: Chief Mktg Cust & Brnd Officer	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Alisher K Nurmat	officer: VP and Controller	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Angelo Amorelli	director	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Paul D Bloom	officer: CCO & CIO	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Kimberly T Bowron	officer: Chief People Officer	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Andrew Marsh	director	968 ALBANY SHAKER ROAD, LATHAM NY 12110
Patrick R. Gruber	director, officer: CEO & Director	C/O GEVO, INC., 345 INVERNESS DR. SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Christopher Michael Ryan	officer: EVP, Business Development	C/O GEVO, INC., 345 INVERNESS DR. SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Timothy J Cesarek	officer: Chief Commercial Officer	345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
L Lynn Smull	officer: Chief Financial Officer	345 INVERNESS DRIVE S, BLDG C, STE 310, ENGLEWOOD CO 80112
William H Baum	director	C/O DIVERSA CORP, 4955 DIRECTORS PLACE, SAN DIEGO CA 92121
Williams Geoffrey Thomas Jr.	officer: General Counsel & Secretary	914 DAKOTA DRIVE, CASTLE ROCK CO 80108
Jaime Guillen	director	C/O GEVO, INC. 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112
Carol Jane Battershell	director	1600 NORTH OAK STREET, #918, ARLINGTON VA 22209
Gary W. Mize	director	GEVO, INC., 345 INVERNESS DRIVE SOUTH, BUILDING C, SUITE 310, ENGLEWOOD CO 80112