Genting Singapore (Genting Singapore) Inventory Turnover : 18.97 (As of Dec. 2023)

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What is Genting Singapore 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. Genting Singapore's Cost of Goods Sold for the six months ended in Dec. 2023 was $644 Mil. Genting Singapore's Average Total Inventories for the quarter that ended in Dec. 2023 was $34 Mil. Genting Singapore's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genting Singapore's Days Inventory for the six months ended in Dec. 2023 was 9.62.

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. Genting Singapore's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Genting Singapore Inventory Turnover Historical Data

The historical data trend for Genting Singapore'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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Genting Singapore Inventory Turnover Chart

Genting Singapore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.92

18.16

16.83

26.12

34.06

Genting Singapore Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															8.78	10.74	15.62	15.69	18.97

Genting Singapore Inventory Turnover Calculation

Genting Singapore'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 )
=	1152.213	/ (	(31.952	+	35.708)	/	2 )
=	1152.213	/	33.83
=	34.06

Genting Singapore's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	643.873	/ (	(32.176	+	35.708)	/	2 )
=	643.873	/	33.942
=	18.97

Genting Singapore (OTCPK:GIGNF) 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.

Genting Singapore's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	33.942	/	643.873	*	365 / 2
	=	9.62

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.

Genting Singapore's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	33.942	/	1003.829
	=	0.03

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.

Genting Singapore Inventory Turnover Related Terms

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Genting Singapore (Genting Singapore) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Singapore Ltd (OTCPK:GIGNF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GIGNY:USA G13:Singapore 36T:Germany

Address

10 Sentosa Gateway, Resorts World Sentosa, Singapore, SGP, 098270

Website

https://www.gentingsingapore.com

Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.