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GPT Group (ASX:GPT) Inventory Turnover : 2.13 (As of Jun. 2024)


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What is GPT Group 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. GPT Group's Cost of Goods Sold for the six months ended in Jun. 2024 was A$168.0 Mil. GPT Group's Average Total Inventories for the quarter that ended in Jun. 2024 was A$79.0 Mil. GPT Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GPT Group's Days Inventory for the six months ended in Jun. 2024 was 85.76.

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. GPT Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.17.

GPT Group Inventory Turnover Historical Data

The historical data trend for GPT Group'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.

* Premium members only.

GPT Group Inventory Turnover Chart

GPT Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.06 7.02 9.06 21.80 6.79

GPT Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.99 11.27 11.84 3.50 2.13

GPT Group Inventory Turnover Calculation

GPT Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=338.1 / ((13.4 + 86.2) / 2 )
=338.1 / 49.8
=6.79

GPT Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=168 / ((86.2 + 71.7) / 2 )
=168 / 78.95
=2.13

* 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.

GPT Group  (ASX:GPT) 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.

GPT Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=78.95/168*365 / 2
=85.76

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.

GPT Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=78.95 / 478.4
=0.17

* 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.

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.

GPT Group Inventory Turnover Related Terms

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GPT Group Business Description

Industry
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Traded in Other Exchanges
GPTGF:USA 46T:Germany
Address
25 Martin Place, Level 51, Sydney, NSW, AUS, 2000
Website
https://www.gpt.com.au
GPT Group, formerly known as General Property Trust, is Australia's first property trust. GPT has ownership interest in, manages, and develops a diversified portfolio of retail, office and logistics assets that are predominantly located in Sydney and Melbourne. Retail and office, including contributions from their respective funds management, each account for about two fifths of group funds from operations. The rest of the earnings come from logistics. GPT manages third-party assets and mandates of over AUD 22 billion as of June 30, 2024.