Greenkraft (Greenkraft) Inventory Turnover : 0.05 (As of Sep. 2019)

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What is Greenkraft 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. Greenkraft's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.10 Mil. Greenkraft's Average Total Inventories for the quarter that ended in Sep. 2019 was $1.79 Mil. Greenkraft's Inventory Turnover for the quarter that ended in Sep. 2019 was 0.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greenkraft's Days Inventory for the three months ended in Sep. 2019 was 1,719.82.

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. Greenkraft's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 9.33.

Greenkraft Inventory Turnover Historical Data

The historical data trend for Greenkraft'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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Greenkraft Inventory Turnover Chart

Greenkraft Annual Data

Trend

Apr09

Apr10

Apr11

Apr12

Apr13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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0.94

5.90

0.49

0.56

0.25

Greenkraft Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Inventory Turnover	Get a 7-Day Free Trial															-	0.07	0.14	0.05	0.05

Greenkraft Inventory Turnover Calculation

Greenkraft's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	0.397	/ (	(1.373	+	1.806)	/	2 )
=	0.397	/	1.5895
=	0.25

Greenkraft's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

	Inventory Turnover (Q: Sep. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2019 )	/ (	(Total Inventories (Q: Jun. 2019 )	+	Total Inventories (Q: Sep. 2019 ))	/	count )
=	0.095	/ (	(1.809	+	1.772)	/	2 )
=	0.095	/	1.7905
=	0.05

Greenkraft (OTCPK:GKIT) 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.

Greenkraft's Days Inventory for the three months ended in Sep. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2019 )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
	=	1.7905	/	0.095	*	365 / 4
	=	1,719.82

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.

Greenkraft's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2019 )	/	Revenue (Q: Sep. 2019 )
	=	1.7905	/	0.192
	=	9.33

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.

Greenkraft Inventory Turnover Related Terms

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Greenkraft (Greenkraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Greenkraft Inc (OTCPK:GKIT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2530 South Birch Street, Santa Ana, CA, USA, 92707

Website

http://www.greenkraftinc.com

Greenkraft Inc is a manufacturer and distributor of automotive products. It manufactures commercial forward cabin trucks for vehicles in alternative fuels and electric vehicles. The company also manufactures and sells alternative fuel engines. Its products include Commercial trucks, Alternative fuel systems and Engines.

Greenkraft (Greenkraft) Headlines

From GuruFocus

Greenkraft is receiving orders for its natural gas heavy duty trucks

By Marketwired Marketwired • 05-30-2018

Greenkraft has received several orders worth hundreds of thousands of dollars and will be delivering very soon!

By PRNewswire PRNewswire • 11-13-2018

Greenkraft expands its distribution network

By PRNewswire PRNewswire • 06-13-2018

Greenkraft trucks eligible for huge incentives!

By Marketwired Marketwired • 04-17-2019

Greenkraft sees high demand for its natural gas heavy duty trucks

By Marketwired Marketwired • 04-20-2018

Greenkraft is producing heavy duty class 6 CNG trucks to fulfill orders!

By PRNewswire PRNewswire • 07-25-2018