Gorman-Rupp Co (Gorman-Rupp Co) Change In Inventory : $9.6 Mil (TTM As of Mar. 2024)

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What is Gorman-Rupp Co Change In Inventory?

Gorman-Rupp Co's change in inventory for the quarter that ended in Mar. 2024 was $1.5 Mil. It means Gorman-Rupp Co's inventory declined by $1.5 Mil from Dec. 2023 to Mar. 2024 .

Gorman-Rupp Co's change in inventory for the fiscal year that ended in Dec. 2023 was $0.6 Mil. It means Gorman-Rupp Co's inventory declined by $0.6 Mil from Dec. 2022 to Dec. 2023 .

Gorman-Rupp Co's Total Inventories for the quarter that ended in Mar. 2024 was $101.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gorman-Rupp Co's Days Inventory for the quarter that ended in Mar. 2024 was 84.44.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gorman-Rupp Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.

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. Gorman-Rupp Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Gorman-Rupp Co Change In Inventory Historical Data

The historical data trend for Gorman-Rupp Co'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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Gorman-Rupp Co Change In Inventory Chart

Gorman-Rupp Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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11.45

-6.28

-10.96

-32.77

0.56

Gorman-Rupp Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-7.53	-1.43	9.62	-0.10	1.46

Gorman-Rupp Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.6 Mil.

Gorman-Rupp Co (NYSE:GRC) Change In Inventory Explanation

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

Gorman-Rupp Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	102.6045	/	110.874	*	365 / 4
	=	84.44

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

Gorman-Rupp Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	110.874	/	102.6045
	=	1.08

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.

Gorman-Rupp Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	102.6045	/	159.268
	=	0.64

Gorman-Rupp Co Change In Inventory Related Terms

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Gorman-Rupp Co (Gorman-Rupp Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gorman-Rupp Co (NYSE:GRC) » Definitions » Change In Inventory

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Traded in Other Exchanges

GO4:Germany

Address

600 South Airport Road, Mansfield, OH, USA, 44903

Website

https://www.gormanrupp.com

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.

Executives

Charmaine R Riggins	director	6524 RESERVE PINE DRIVE, CARY NC 27519
Kenneth R Reynolds	director	1424 GREENBRIER DRIVE, MT VERNON OH 43050
Scott A King	officer: Vice President	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
M Ann Harlan	director
Jeffrey S Gorman	director, officer: President & CEO	C/O GORMAN RUPP CO, POST OFFICE BOX 1218, MANSFIELD OH 44901
Christopher H Lake	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901
D Patrick Wischmeier	officer: VP, Information Technology	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Angela M Morehead	officer: Treasurer and Asst. Secretary	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Vincent K Petrella	director
Donald H Bullock	director
Sonja K Mcclelland	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald D Pittenger	officer: Assistant Treasurer	THE GORMAN-RUPP COMPANY, 305 BOWMAN STREET, MANSFIELD OH 44903
Barbara A Woodman	officer: VP, Human Resources	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
James Kerr	officer: Chief Financial Officer	5555 DARROW ROAD, HUDSON OH 44236
W Wayne Walston	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901