Grainger (CHIX:GRIL) Inventory Turnover : 0.23 (As of Sep. 2024)

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What is Grainger 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. Grainger's Cost of Goods Sold for the six months ended in Sep. 2024 was £85.4 Mil. Grainger's Average Total Inventories for the quarter that ended in Sep. 2024 was £374.6 Mil. Grainger's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grainger's Days Inventory for the six months ended in Sep. 2024 was 800.41.

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. Grainger's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.16.

Grainger Inventory Turnover Historical Data

The historical data trend for Grainger'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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Grainger Inventory Turnover Chart

Grainger Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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0.11

0.17

0.24

0.26

0.32

Grainger Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.14	0.09	0.17	0.10	0.23

Grainger Inventory Turnover Calculation

Grainger's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	122.5	/ (	(392.2	+	363.1)	/	2 )
=	122.5	/	377.65
=	0.32

Grainger's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	85.4	/ (	(386	+	363.1)	/	2 )
=	85.4	/	374.55
=	0.23

Grainger (CHIX:GRIl) 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.

Grainger's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	374.55	/	85.4	*	365 / 2
	=	800.41

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.

Grainger's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	374.55	/	173.2
	=	2.16

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.

Grainger Inventory Turnover Related Terms

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Grainger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grainger PLC (CHIX:GRIl) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GRGTF:USA GRI:UK 1U4:Germany

Address

St James\' Boulevard, Citygate, Newcastle upon Tyne, GBR, NE1 4JE

Website

https://www.graingerplc.co.uk

Grainger PLC owns, leases, and manages residential properties. The company derives the vast majority of its revenue through property sales and rental income. The business categorizes its operations into U.K. residential, retirement solutions, fund and third-party management, the U.K. and European development, German residential, and others. U.K. Residential represents the bulk of the group's revenue, with retirement solutions and the UK and European development also contributing a substantial portion. The company also offers residential fund- and asset management services. The two segments for the company are PRS which derives maximum revenue, and Reversionary.

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