Grupo IndustrialltilloB de CV (Grupo IndustrialltilloB de CV) Inventory Turnover : 1.73 (As of Mar. 2024)

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What is Grupo IndustrialltilloB de CV 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. Grupo IndustrialltilloB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was $230.73 Mil. Grupo IndustrialltilloB de CV's Average Total Inventories for the quarter that ended in Mar. 2024 was $133.08 Mil. Grupo IndustrialltilloB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo IndustrialltilloB de CV's Days Inventory for the three months ended in Mar. 2024 was 52.63.

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. Grupo IndustrialltilloB de CV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Grupo IndustrialltilloB de CV Inventory Turnover Historical Data

The historical data trend for Grupo IndustrialltilloB de CV'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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Grupo IndustrialltilloB de CV Inventory Turnover Chart

Grupo IndustrialltilloB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.17

6.85

7.09

7.33

7.64

Grupo IndustrialltilloB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.40	2.20	1.96	1.58	1.73

Grupo IndustrialltilloB de CV Inventory Turnover Calculation

Grupo IndustrialltilloB de CV'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 )
=	923.757	/ (	(110.128	+	131.566)	/	2 )
=	923.757	/	120.847
=	7.64

Grupo IndustrialltilloB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	230.731	/ (	(131.566	+	134.588)	/	2 )
=	230.731	/	133.077
=	1.73

Grupo IndustrialltilloB de CV (GREY:GISMF) 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.

Grupo IndustrialltilloB de CV's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	133.077	/	230.731	*	365 / 4
	=	52.63

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.

Grupo IndustrialltilloB de CV's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	133.077	/	271.774
	=	0.49

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.

Grupo IndustrialltilloB de CV Inventory Turnover Related Terms

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Grupo IndustrialltilloB de CV (Grupo IndustrialltilloB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Grupo Industrial Saltillo SAB de CV (GREY:GISMF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GISSAA:Mexico

Address

375 Chiapas Esquina Candela, Saltillo, Coahuila, MEX, 25280

Website

http://www.gis.com.mx

Grupo Industrial Saltillo SAB de CV is an integrated industrial company that operates through three business segments: construction materials, the iron foundry division, and the domestic goods unit. The construction segment creates ceramics, indoor heaters, and industrial water heaters. The iron foundry produces gray iron, nodular iron, aluminum, and auto parts. The auto parts include engine blocks and heads for both diesel and gas engines and the firm's primary clients for these goods include automobile and industrial companies. The company's domestic goods business manufactures appliances, tableware, and kitchenware products. The company generates the vast majority of its revenue in Mexico.

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