GLG Life Tech (GLG Life Tech) Inventory Turnover : 0.57 (As of Sep. 2023)

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What is GLG Life Tech 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. GLG Life Tech's Cost of Goods Sold for the three months ended in Sep. 2023 was $1.18 Mil. GLG Life Tech's Average Total Inventories for the quarter that ended in Sep. 2023 was $2.06 Mil. GLG Life Tech's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GLG Life Tech's Days Inventory for the three months ended in Sep. 2023 was 159.65.

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. GLG Life Tech's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.17.

GLG Life Tech Inventory Turnover Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech Inventory Turnover Chart

GLG Life Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.06

1.70

2.77

2.45

2.93

GLG Life Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.69	0.99	0.42	0.44	0.57

GLG Life Tech Inventory Turnover Calculation

GLG Life Tech's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	5.693	/ (	(2.245	+	1.639)	/	2 )
=	5.693	/	1.942
=	2.93

GLG Life Tech's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	1.176	/ (	(2.225	+	1.89)	/	2 )
=	1.176	/	2.0575
=	0.57

GLG Life Tech (OTCPK:GLGLF) 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.

GLG Life Tech's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.0575	/	1.176	*	365 / 4
	=	159.65

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.

GLG Life Tech's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.0575	/	1.764
	=	1.17

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.

GLG Life Tech Inventory Turnover Related Terms

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GLG Life Tech (GLG Life Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GLG Life Tech Corp (OTCPK:GLGLF) » Definitions » Inventory Turnover

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GLG:Canada

Address

10271 Shellbridge Way, Suite 100, Richmond, BC, CAN, V6X 2W8

Website

https://www.glglifetech.com

GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from the North America.