GB Group (LSE:GBG) Inventory Turnover : 17.74 (As of Sep. 2023)

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What is GB Group 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. GB Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £40.8 Mil. GB Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £2.3 Mil. GB Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 17.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GB Group's Days Inventory for the six months ended in Sep. 2023 was 10.29.

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. GB Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

GB Group Inventory Turnover Historical Data

The historical data trend for GB Group'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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GB Group Inventory Turnover Chart

GB Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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97.46

234.17

518.69

106.97

42.46

GB Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															281.58	58.84	18.94	15.34	17.74

GB Group Inventory Turnover Calculation

GB Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	80.994	/ (	(1.196	+	2.619)	/	2 )
=	80.994	/	1.9075
=	42.46

GB Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	40.773	/ (	(2.619	+	1.977)	/	2 )
=	40.773	/	2.298
=	17.74

GB Group (LSE:GBG) 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.

GB Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.298	/	40.773	*	365 / 2
	=	10.29

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.

GB Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.298	/	132.36
	=	0.02

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.

GB Group Inventory Turnover Related Terms

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GB Group (LSE:GBG) Business Description

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Traded in Other Exchanges

GBG.GB:UK 0GB:Germany

Address

The Foundation, Herons Way, Chester Business Park, Chester, GBR, CH4 9GB

Website

https://www.gbgplc.com

GB Group PLC provides identity intelligence solutions through its three divisions Location, Identity, and Fraud. It offers electronic ID Verification services, ID Registration, ID Engage, and ID Trace and Investigates software and services. GB Group's technology supports customers in traditional banking, government, utilities, retail, and transport as well as newly emerging industries such as eCommerce, online gaming, cryptocurrency, and mobile payments. The company has a strong geographical presence in the United Kingdom, the United States of America, and Australia and generates revenues from the sale of software and rendering of services.

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