GrumaB de CV (FRA:3G31) Inventory Turnover : 1.03 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is GrumaB de CV 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. GrumaB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was €950 Mil. GrumaB de CV's Average Total Inventories for the quarter that ended in Mar. 2024 was €920 Mil. GrumaB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GrumaB de CV's Days Inventory for the three months ended in Mar. 2024 was 88.35.

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. GrumaB de CV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

GrumaB de CV Inventory Turnover Historical Data

The historical data trend for GrumaB de CV'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.

GrumaB de CV Inventory Turnover Chart

GrumaB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.53

4.55

4.64

4.41

4.24

GrumaB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.87	0.95	1.00	1.03

GrumaB de CV Inventory Turnover Calculation

GrumaB de CV'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 )
=	3890.483	/ (	(912.648	+	923.16)	/	2 )
=	3890.483	/	917.904
=	4.24

GrumaB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	950.415	/ (	(923.16	+	917.166)	/	2 )
=	950.415	/	920.163
=	1.03

GrumaB de CV (FRA:3G31) 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.

GrumaB de CV's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	920.163	/	950.415	*	365 / 4
	=	88.35

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.

GrumaB de CV's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	920.163	/	1515.51
	=	0.61

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.

GrumaB de CV Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GrumaB de CV's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GrumaB de CV (FRA:3G31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gruma SAB de CV (FRA:3G31) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GPAGF:USA GMKKY:USA GRUMAB:Mexico 3G3B:Germany

Address

Calzada del Valle, 407 Ote., Colonia Del Valle, San Pedro Garza Garcia, NL, MEX, 66220

Website

http://www.gruma.com

Gruma SAB de CV is an international food production company, originally from Mexico. The product portfolio is large: corn and flour tortillas, wheat flour, naan, pita bread, flatbreads, wraps, chapatti, and pizza bases, along with other food products, such as snacks, pasta, rice, condiments, and palm hearts. The company has operations in America, Europe, Asia, and Oceania, and is present in over 100 countries across the globe. Its well-known brands are Maseca, Robin Hood, Mission, Guerrero, Tortiricas and Tosty.

GrumaB de CV (FRA:3G31) Headlines

No Headlines