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Greening Group Global (FRA:70I) Inventory Turnover : 4.56 (As of Jun. 2024)


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What is Greening Group Global 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. Greening Group Global's Cost of Goods Sold for the six months ended in Jun. 2024 was €19.5 Mil. Greening Group Global's Average Total Inventories for the quarter that ended in Jun. 2024 was €4.3 Mil. Greening Group Global's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greening Group Global's Days Inventory for the six months ended in Jun. 2024 was 40.00.

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. Greening Group Global's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.09.


Greening Group Global Inventory Turnover Historical Data

The historical data trend for Greening Group Global'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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Greening Group Global Inventory Turnover Chart

Greening Group Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
- 17.46 17.91 17.29

Greening Group Global Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover Get a 7-Day Free Trial 18.09 6.55 9.45 7.92 4.56

Greening Group Global Inventory Turnover Calculation

Greening Group Global'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 )
=57.349 / ((2.271 + 4.363) / 2 )
=57.349 / 3.317
=17.29

Greening Group Global'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 )
=19.522 / ((4.363 + 4.195) / 2 )
=19.522 / 4.279
=4.56

* 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.


Greening Group Global  (FRA:70I) 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.

Greening Group Global'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
=4.279/19.522*365 / 2
=40.00

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.

Greening Group Global'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 )
=4.279 / 48.934
=0.09

* 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.


Greening Group Global Inventory Turnover Related Terms

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Greening Group Global Business Description

Traded in Other Exchanges
Address
C/ Alcayata, 4. Poligono Industrial El Florio, Granada, ESP, 18015
Greening Group Global SA develops its operations in the design and construction of industrial facilities for renewable energy self-consumption, solar-powered water pumping, and the promotion of energy efficiency projects.

Greening Group Global Headlines

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