Granite Construction (Granite Construction) Change In Inventory

: $-1 Mil (TTM As of Dec. 2023)

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Granite Construction's change in inventory for the quarter that ended in Dec. 2023 was $2 Mil. It means Granite Construction's inventory declined by $2 Mil from Sep. 2023 to Dec. 2023 .

Granite Construction's change in inventory for the fiscal year that ended in Dec. 2023 was $-1 Mil. It means Granite Construction's inventory increased by $1 Mil from Dec. 2022 to Dec. 2023 .

Granite Construction's Total Inventories for the quarter that ended in Dec. 2023 was $104 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Granite Construction's Days Inventory for the quarter that ended in Dec. 2023 was 10.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Granite Construction's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.56.

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. Granite Construction's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Granite Construction Change In Inventory Historical Data

The historical data trend for Granite Construction'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.

* Premium members only.

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.38

5.14

0.77

-14.31

-1.43

Granite Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																-5.51	-11.08	7.64	0.02	1.99

Granite Construction 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1 Mil.

Granite Construction (NYSE:GVA) Change In Inventory Explanation

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

Granite Construction's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	98.0145	/	839.387	*	365 / 4
	=	10.66

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

Granite Construction's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	839.387	/	98.0145
	=	8.56

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.

Granite Construction's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	98.0145	/	933.698
	=	0.10

Granite Construction Change In Inventory Related Terms

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Granite Construction (Granite Construction) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Granite Construction Inc (NYSE:GVA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

GRG:Germany

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

Executives

Bradley Jay Williams	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Kyle T Larkin	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Staci M Woolsey	officer: Chief Accounting Officer	4875 S FRANKLIN ST, CHERRY HILLS VILLAGE CO 80113
Louis E Caldera	director	C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237
Laura M Mullen	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Brian R Dowd	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Lisa Curtis	officer: CAO & VP, Investor Relations	3200 SOUTHWEST FREEWAY, SUITE 2950, HOUSTON TX 77027
James A Radich	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Michael G Tatusko	officer: Senior Vice President	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Desai Jigisha	officer: Senior Vice President & CFO	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
Claes Bjork	director	GRANITE CONSTRUCTION INCORPORATED, PO BOX 50085, WATSONVILLE CA 95077-5085
Patricia D Galloway	director	C/O 585 WEST BEACH STREET, WATSONVILLE CA 95076
James Hildebrand Roberts	director, officer: Director, President & CEO	PO BOX 50085, WATSONVILLE CA 95077-5085
David H Kelsey	director	C/O OGLEBAY NORTON CO, 1100 SUPERIOR AVENUE, CLEVELAND OH 44114-2598
Molly Campbell	director	135 N. LOS ROBLES AVE 7TH FLR, PASADENA CA 91101