Greif (GEF.B) Change In Inventory : $5 Mil (TTM As of Jul. 2024)

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What is Greif Change In Inventory?

Greif's change in inventory for the quarter that ended in Jul. 2024 was $-9 Mil. It means Greif's inventory increased by $9 Mil from Apr. 2024 to Jul. 2024 .

Greif's change in inventory for the fiscal year that ended in Oct. 2023 was $101 Mil. It means Greif's inventory declined by $101 Mil from Oct. 2022 to Oct. 2023 .

Greif's Total Inventories for the quarter that ended in Jul. 2024 was $421 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greif's Days Inventory for the quarter that ended in Jul. 2024 was 32.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Greif's Inventory Turnover for the quarter that ended in Jul. 2024 was 2.80.

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. Greif's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.29.

Greif Change In Inventory Historical Data

The historical data trend for Greif's Change In Inventory 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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Greif Change In Inventory Chart

Greif Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Inventory

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33.90

27.10

-205.60

6.10

101.00

Greif Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Change In Inventory	Get a 7-Day Free Trial															11.30	51.10	-28.00	-9.50	-8.90

Greif Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5 Mil.

Greif (NYSE:GEF.B) Change In Inventory Explanation

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

Greif's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	416.2	/	1163.8	*	365 / 4
	=	32.63

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Greif's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1163.8	/	416.2
	=	2.80

3. 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.

Greif's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	416.2	/	1454.2
	=	0.29

Greif Change In Inventory Related Terms

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Greif Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (NYSE:GEF.B) » Definitions » Change In Inventory

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Traded in Other Exchanges

GEF:USA GR3:Germany

Address

425 Winter Road, Delaware, OH, USA, 43015

Website

https://www.greif.com

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.