GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Inventory Turnover : 24.22 (As of Dec. 2023)

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What is GEK Terna Holding Real Estate Construction 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. GEK Terna Holding Real Estate Construction's Cost of Goods Sold for the six months ended in Dec. 2023 was $1,765 Mil. GEK Terna Holding Real Estate Construction's Average Total Inventories for the quarter that ended in Dec. 2023 was $73 Mil. GEK Terna Holding Real Estate Construction's Inventory Turnover for the quarter that ended in Dec. 2023 was 24.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GEK Terna Holding Real Estate Construction's Days Inventory for the six months ended in Dec. 2023 was 7.54.

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. GEK Terna Holding Real Estate Construction's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

GEK Terna Holding Real Estate Construction Inventory Turnover Historical Data

The historical data trend for GEK Terna Holding Real Estate Construction'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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GEK Terna Holding Real Estate Construction Inventory Turnover Chart

GEK Terna Holding Real Estate Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.47

13.59

15.02

49.73

45.83

GEK Terna Holding Real Estate Construction 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															9.10	18.35	30.34	21.09	24.22

GEK Terna Holding Real Estate Construction Inventory Turnover Calculation

GEK Terna Holding Real Estate Construction'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 )
=	3285.015	/ (	(70.368	+	72.988)	/	2 )
=	3285.015	/	71.678
=	45.83

GEK Terna Holding Real Estate Construction'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 )
=	1765.473	/ (	(72.798	+	72.988)	/	2 )
=	1765.473	/	72.893
=	24.22

GEK Terna Holding Real Estate Construction (OTCPK:GKTRF) 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.

GEK Terna Holding Real Estate Construction'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
	=	72.893	/	1765.473	*	365 / 2
	=	7.54

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.

GEK Terna Holding Real Estate Construction'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 )
	=	72.893	/	2066.372
	=	0.04

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.

GEK Terna Holding Real Estate Construction Inventory Turnover Related Terms

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GEK Terna Holding Real Estate Construction (GEK Terna Holding Real Estate Construction) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GEK Terna Holding Real Estate Construction SA (OTCPK:GKTRF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GEKTERNA:Greece 1GT:Germany

Address

85, Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.gekterna.com

GEK Terna Holding Real Estate Construction SA is a building construction company engaged in the development and management of investment property. The firm constructs property of any kind, manages self-financed or co-financed projects, operates energy projects, as well as its, participates in companies having similar activities. It operates in seven business segments, Construction, Electricity from RES, Electricity from thermal energy, Real Estate, Industry, Concessions, and Holding. Construction refers to contracts for the construction of technical projects. GEK Terna operates in over 14 countries including Greece, Central and Southeastern Europe, the USA, North Africa, and the Middle East.

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