Greystone Logistics (Greystone Logistics) Inventory Turnover : 2.93 (As of Feb. 2024)

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What is Greystone Logistics 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. Greystone Logistics's Cost of Goods Sold for the three months ended in Feb. 2024 was $12.11 Mil. Greystone Logistics's Average Total Inventories for the quarter that ended in Feb. 2024 was $4.13 Mil. Greystone Logistics's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greystone Logistics's Days Inventory for the three months ended in Feb. 2024 was 31.12.

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. Greystone Logistics's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.30.

Greystone Logistics Inventory Turnover Historical Data

The historical data trend for Greystone Logistics'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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Greystone Logistics Inventory Turnover Chart

Greystone Logistics Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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22.01

18.89

13.94

17.58

11.97

Greystone Logistics Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															2.26	2.76	2.73	2.36	2.93

Greystone Logistics Inventory Turnover Calculation

Greystone Logistics's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	51.427	/ (	(4.112	+	4.484)	/	2 )
=	51.427	/	4.298
=	11.97

Greystone Logistics's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	12.114	/ (	(5.26	+	3.003)	/	2 )
=	12.114	/	4.1315
=	2.93

Greystone Logistics (OTCPK:GLGI) 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.

Greystone Logistics's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	4.1315	/	12.114	*	365 / 4
	=	31.12

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.

Greystone Logistics's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	4.1315	/	13.98
	=	0.30

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.

Greystone Logistics Inventory Turnover Related Terms

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Greystone Logistics (Greystone Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Greystone Logistics Inc (OTCPK:GLGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1613 East 15th Street, Tulsa, OK, USA, 74120

Website

https://www.greystonelogistics.com

Greystone Logistics Inc is engaged in the business of manufacturing and selling plastic pallets utilizing recycled plastic. Its products include rackable pallet, can pallet, display pallet, monoblock pallet, rackable pallet, drum pallet, and a mid-duty pallet of different sizes and specifications. The company sells its products through one of its subsidiaries and a network of contractor distributors and direct sales.

Executives

Drew T. Lockard	director	4436 POTOMAC AVENUE, DALLAS TX 75205
Warren F Kruger	officer: President	1613 E. 15TH STREET, TULSA OK 74120
Larry J. Lebarre	director	7518 MIDDLEWOOD, HOUSTON TX 77063
William W Rahhal	officer: Chief Financial Officer	1613 E. 15TH STREET, TULSA OK 74120
Paul Kruger	10 percent owner	1801 GATEWAY BLVD.,, SUITE 105, RICHARDSON TX 75080
Bob L Moore	director, officer: President & CEO	1613 E 15 ST, TULSA OK 74120
Glog Investment Llc	director, 10 percent owner	1613 E 15 ST, TULSA OK 74120
Robert Howard Nelson	officer: CFO & COO	1613 EAST 15TH STREET, TULSA OK 74120
Marshall S Cogan	director	767 THIRD AVENUE 15TH FLOOR, NEW YORK NY 10017
Rosene Robert B Jr	director	3226 E. 62ND STREET, TULSA OK 74136
Westgate Capital Co Llc	10 percent owner
Westgate Investments L P	10 percent owner	1613 EAST 15TH STREET, TULSA OK 74120