Green Impact Partners (TSXV:GIP) Inventory Turnover : 32.63 (As of Sep. 2023)

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What is Green Impact Partners 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. Green Impact Partners's Cost of Goods Sold for the three months ended in Sep. 2023 was C$43.6 Mil. Green Impact Partners's Average Total Inventories for the quarter that ended in Sep. 2023 was C$1.3 Mil. Green Impact Partners's Inventory Turnover for the quarter that ended in Sep. 2023 was 32.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Impact Partners's Days Inventory for the three months ended in Sep. 2023 was 2.80.

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. Green Impact Partners's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Green Impact Partners Inventory Turnover Historical Data

The historical data trend for Green Impact Partners'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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Green Impact Partners Inventory Turnover Chart

Green Impact Partners Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

100.84

125.95

134.28

Green Impact Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial									55.25	24.72	18.57	23.52	32.63

Green Impact Partners Inventory Turnover Calculation

Green Impact Partners'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 )
=	208.337	/ (	(1.038	+	2.065)	/	2 )
=	208.337	/	1.5515
=	134.28

Green Impact Partners'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 )
=	43.615	/ (	(1.213	+	1.46)	/	2 )
=	43.615	/	1.3365
=	32.63

Green Impact Partners (TSXV:GIP) 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.

Green Impact Partners'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
	=	1.3365	/	43.615	*	365 / 4
	=	2.80

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.

Green Impact Partners'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 )
	=	1.3365	/	46.141
	=	0.03

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.

Green Impact Partners Inventory Turnover Related Terms

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Green Impact Partners (TSXV:GIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Impact Partners Inc (TSXV:GIP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

04B:Germany

Address

2207 - 4th Street S.W., Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.greenipi.com

Green Impact Partners Inc is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America. The company also has a portfolio of renewable natural gas and clean energy development projects. Its services include water and solids recycling management, disposal services, and energy product optimization services. Its operating segments are Water and Industrial, and Energy Production. The Water and Industrial segment consists of water, waste, and solids disposal and recycling services as well as other marketing operations. The Energy Production segment is currently comprised of multiple pre-production renewable energy projects.

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