Great Wall Motor Co (FRA:GRV) Inventory Turnover : 1.40 (As of Jun. 2024)

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What is Great Wall Motor Co 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. Great Wall Motor Co's Cost of Goods Sold for the three months ended in Jun. 2024 was €4,784 Mil. Great Wall Motor Co's Average Total Inventories for the quarter that ended in Jun. 2024 was €3,427 Mil. Great Wall Motor Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Wall Motor Co's Days Inventory for the three months ended in Jun. 2024 was 65.37.

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. Great Wall Motor Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.57.

Great Wall Motor Co Inventory Turnover Historical Data

The historical data trend for Great Wall Motor Co'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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Great Wall Motor Co Inventory Turnover Chart

Great Wall Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.01

12.34

11.02

6.03

5.61

Great Wall Motor Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.63	1.70	1.28	1.40	1.53

Great Wall Motor Co Inventory Turnover Calculation

Great Wall Motor Co'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 )
=	18079.179	/ (	(3029.612	+	3419.743)	/	2 )
=	18079.179	/	3224.6775
=	5.61

Great Wall Motor Co'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	4783.523	/ (	(0	+	3426.924)	/	1 )
=	4783.523	/	3426.924
=	1.40

Great Wall Motor Co (FRA:GRV) 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.

Great Wall Motor Co's Days Inventory for the three 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
	=	3426.924	/	4783.523	*	365 / 4
	=	65.37

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.

Great Wall Motor Co'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 )
	=	3426.924	/	6064.328
	=	0.57

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.

Great Wall Motor Co Inventory Turnover Related Terms

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Great Wall Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Great Wall Motor Co Ltd (FRA:GRV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GWLLY:USA GWLLF:USA 02333:Hong Kong GRVB:Germany GRV:Germany 601633:China

Address

No. 2266 Chaoyang Road South, Hebei Province, Lianchi District, Baoding, CHN, 071000

Website

https://www.gwm.com.cn

Automobile manufacturer Great Wall Motor is China's market leader in the SUV and pickup truck segments. In 2023, the company sold over 715,000 Haval-branded SUVs and 240,000 WEY- and Tank-branded SUVs, making it the largest SUV manufacturer by sales volume for the 14th year. It also sold more than 200,000 pickup trucks, also ranked number one in sales volume for 25 consecutive years. China's domestic market accounts for about 70% of Great Wall's revenue in 2023, with the balance coming from Russia, the Middle East, South Africa, Australia, and Chile, among others.

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