GP (GreenPower Motor Co) Inventory Turnover : 0.15 (As of Sep. 2024)

View and export this data going back to 2015. Start your Free Trial

What is GreenPower 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. GreenPower Motor Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $4.89 Mil. GreenPower Motor Co's Average Total Inventories for the quarter that ended in Sep. 2024 was $32.72 Mil. GreenPower Motor Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GreenPower Motor Co's Days Inventory for the three months ended in Sep. 2024 was 611.03.

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. GreenPower Motor Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 6.12.

GreenPower Motor Co Inventory Turnover Historical Data

The historical data trend for GreenPower 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.

* Premium members only.

GreenPower Motor Co Inventory Turnover Chart

GreenPower Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

1.76

1.02

0.60

0.88

0.92

GreenPower 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															0.21	0.20	0.16	0.08	0.15

GreenPower Motor Co Inventory Turnover Calculation

GreenPower Motor Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	33.914	/ (	(41.609	+	32.011)	/	2 )
=	33.914	/	36.81
=	0.92

GreenPower Motor Co'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 )
=	4.887	/ (	(33.726	+	31.723)	/	2 )
=	4.887	/	32.7245
=	0.15

GreenPower Motor Co (NAS:GP) 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.

GreenPower Motor Co'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
	=	32.7245	/	4.887	*	365 / 4
	=	611.03

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.

GreenPower Motor Co'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 )
	=	32.7245	/	5.347
	=	6.12

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.

GreenPower Motor Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GreenPower Motor Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GreenPower Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GreenPower Motor Co Inc (NAS:GP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GRT1:Germany GPV:Canada

Address

209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2

Website

https://www.greenpowermotor.com

GreenPower Motor Co Inc is the manufacturer and distributor of all-electric charter, school, and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes all-electric transit buses, all-electric school buses, and shuttle buses. The company's buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.

Executives

Fraser Atkinson

director, 10 percent owner, officer: CEO and Chairman

C/O EQUUS TOTAL RETURN, INC., 8 GREENWAY PLAZA, SUITE 930, HOUSTON TX 77046