GreenPower Motor Company (STU:GRT1) Inventory Turnover : 0.20 (As of Dec. 2023)

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What is GreenPower Motor Company 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. GreenPower Motor Company's Cost of Goods Sold for the three months ended in Dec. 2023 was €6.24 Mil. GreenPower Motor Company's Average Total Inventories for the quarter that ended in Dec. 2023 was €31.61 Mil. GreenPower Motor Company's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GreenPower Motor Company's Days Inventory for the three months ended in Dec. 2023 was 462.33.

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. GreenPower Motor Company's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 4.22.

GreenPower Motor Company Inventory Turnover Historical Data

The historical data trend for GreenPower Motor Company'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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GreenPower Motor Company Inventory Turnover Chart

GreenPower Motor Company Annual Data

Trend

Feb14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.04

1.78

0.99

0.61

0.89

GreenPower Motor Company Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.23	0.29	0.39	0.21	0.20

GreenPower Motor Company Inventory Turnover Calculation

GreenPower Motor Company's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	30.305	/ (	(29.288	+	38.863)	/	2 )
=	30.305	/	34.0755
=	0.89

GreenPower Motor Company's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	6.238	/ (	(33.04	+	30.171)	/	2 )
=	6.238	/	31.6055
=	0.20

GreenPower Motor Company (STU:GRT1) 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.

GreenPower Motor Company's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	31.6055	/	6.238	*	365 / 4
	=	462.33

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.

GreenPower Motor Company's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	31.6055	/	7.481
	=	4.22

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.

GreenPower Motor Company Inventory Turnover Related Terms

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GreenPower Motor Company (STU:GRT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GreenPower Motor Company Inc (STU:GRT1) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GP:USA GRT1:Germany GPV:Canada

Address

209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2

Website

https://www.greenpowermotor.com

GreenPower Motor Company Inc is the manufacturer and distributor of all-electric charter, school and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes All-electric transit buses and All-electric school and shuttle buses. The company's buses depend on clean sheet design and utilise a custom battery management system and a proprietary flex power system for the drive motors. The company operates in one reportable operating segment, being the manufacture and distribution of all-electric transit, school, and charter buses.

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