GE Vernova (GE Vernova) Inventory Turnover : 0.71 (As of Mar. 2024)

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What is GE Vernova 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. GE Vernova's Cost of Goods Sold for the three months ended in Mar. 2024 was $6,109 Mil. GE Vernova's Average Total Inventories for the quarter that ended in Mar. 2024 was $8,556 Mil. GE Vernova's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GE Vernova's Days Inventory for the three months ended in Mar. 2024 was 127.80.

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. GE Vernova's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.

GE Vernova Inventory Turnover Historical Data

The historical data trend for GE Vernova'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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GE Vernova Inventory Turnover Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

3.32

3.52

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Inventory Turnover	-	-	0.75	-	0.71

GE Vernova Inventory Turnover Calculation

GE Vernova'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 )
=	28436	/ (	(7893	+	8253)	/	2 )
=	28436	/	8073
=	3.52

GE Vernova'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 )
=	6109	/ (	(8253	+	8859)	/	2 )
=	6109	/	8556
=	0.71

GE Vernova (NYSE:GEV) 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.

GE Vernova'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
	=	8556	/	6109	*	365 / 4
	=	127.80

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.

GE Vernova'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 )
	=	8556	/	7259
	=	1.18

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.

GE Vernova Inventory Turnover Related Terms

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GE Vernova (GE Vernova) Business Description

Industry

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Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

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