EGSE (Evergreen Sustainable Enterprises) Inventory Turnover: 2.07 (As of Dec. 2022)


What is Evergreen Sustainable Enterprises Inventory Turnover?

Evergreen Sustainable Enterprises EGSE Inventory Turnover is 2.07 as of Dec. 2022.

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. Evergreen Sustainable Enterprises's Cost of Goods Sold for the three months ended in Dec. 2022 was $0.37 Mil. Evergreen Sustainable Enterprises's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.18 Mil. Evergreen Sustainable Enterprises's Inventory Turnover for the quarter that ended in Dec. 2022 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evergreen Sustainable Enterprises's Days Inventory for the three months ended in Dec. 2022 was 44.16.

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. Evergreen Sustainable Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.19.

Evergreen Sustainable Enterprises  (OTCPK:EGSE) 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.

Evergreen Sustainable Enterprises's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2022 )/Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=0.1805/0.373*365 / 4
=44.16

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.

Evergreen Sustainable Enterprises's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2022 ) / Revenue (Q: Dec. 2022 )
=0.1805 / 0.969
=0.19

* 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.

Evergreen Sustainable Enterprises Inventory Turnover Related Terms

Evergreen Sustainable Enterprises Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Evergreen Sustainable Enterprises'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.

Evergreen Sustainable Enterprises Inventory Turnover Chart

Evergreen Sustainable Enterprises Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 3.07 5.63

Evergreen Sustainable Enterprises Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.48 0.49 0.77 1.77 2.07

Evergreen Sustainable Enterprises Inventory Turnover Calculation

Evergreen Sustainable Enterprises'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 )
=1.017 / ((0.213 + 0.148) / 2 )
=1.017 / 0.1805
=5.63

Evergreen Sustainable Enterprises's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover (Q: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2022 ) / ((Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count )
=0.373 / ((0.213 + 0.148) / 2 )
=0.373 / 0.1805
=2.07

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.07 mean?
Evergreen Sustainable Enterprises (EGSE) has a Inventory Turnover of 2.07 as of Dec. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Evergreen Sustainable Enterprises and its competitors.
Is Evergreen Sustainable Enterprises' Inventory Turnover too high?
Evergreen Sustainable Enterprises' current Inventory Turnover is 2.07.
How does Evergreen Sustainable Enterprises' Inventory Turnover compare to BBBT and UBQU?
Evergreen Sustainable Enterprises' Inventory Turnover of 2.07 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Drug Manufacturers company?
A good Inventory Turnover depends on the Drug Manufacturers industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Evergreen Sustainable Enterprises and its competitors. Evergreen Sustainable Enterprises's current Inventory Turnover is 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Sustainable Enterprises stock overvalued right now?
Evergreen Sustainable Enterprises (EGSE) has a current Inventory Turnover of 2.07. The current Inventory Turnover is 2.07. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Evergreen Sustainable Enterprises (EGSE), the current Inventory Turnover is 2.07 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Evergreen Sustainable Enterprises Business Description

Address 8533 Midway Road, Dallas, TX, USA, 75209
Evergreen Sustainable Enterprises Inc is a sustainable green energy company with a vision of developing sustainable solutions within the industry. It operates in both the Bitcoin mining industry and the hemp industry.