GLG Life Tech (STU:9LTN) Change In Inventory : €-0.06 Mil (TTM As of Sep. 2023)

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What is GLG Life Tech Change In Inventory?

GLG Life Tech's change in inventory for the quarter that ended in Sep. 2023 was €0.30 Mil. It means GLG Life Tech's inventory declined by €0.30 Mil from Jun. 2023 to Sep. 2023 .

GLG Life Tech's change in inventory for the fiscal year that ended in Dec. 2022 was €0.64 Mil. It means GLG Life Tech's inventory declined by €0.64 Mil from Dec. 2021 to Dec. 2022 .

GLG Life Tech's Total Inventories for the quarter that ended in Sep. 2023 was €1.77 Mil.

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 quarter that ended in Sep. 2023 was 158.36.

Inventory Turnover measures how fast the company turns over its inventory within a year. GLG Life Tech's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.58.

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 1.16.

GLG Life Tech Change In Inventory Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech Change In Inventory Chart

GLG Life Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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2.11

-0.41

1.07

0.50

0.64

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
Change In Inventory	Get a 7-Day Free Trial															-0.17	0.21	-0.67	0.09	0.30

GLG Life Tech 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.06 Mil.

GLG Life Tech (STU:9LTN) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.9125	/	1.102	*	365 / 4
	=	158.36

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.102	/	1.9125
	=	0.58

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.9125	/	1.653
	=	1.16

GLG Life Tech Change In Inventory Related Terms

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GLG Life Tech (STU:9LTN) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GLG Life Tech Corp (STU:9LTN) » Definitions » Change In Inventory

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GLGLF:USA 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.

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