GEV (GE Vernova) Inventory Turnover : 0.95 (As of Sep. 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 Sep. 2024 was $7,804 Mil. GE Vernova's Average Total Inventories for the quarter that ended in Sep. 2024 was $8,188 Mil. GE Vernova's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.95.

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 Sep. 2024 was 95.73.

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 Sep. 2024 was 0.92.

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

3.88

4.08

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial				-	1.16	0.82	0.82	0.95

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	/ (	(6746	+	7199)	/	2 )
=	28436	/	6972.5
=	4.08

GE Vernova's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	7804	/ (	(8109	+	8266)	/	2 )
=	7804	/	8187.5
=	0.95

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 Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	8187.5	/	7804	*	365 / 4
	=	95.73

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 Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	8187.5	/	8913
	=	0.92

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 Business Description

Industry

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Traded in Other Exchanges

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Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.