GMA Network (PHS:GMA7) Inventory Turnover : 1.65 (As of Mar. 2024)

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What is GMA Network 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. GMA Network's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱1,870 Mil. GMA Network's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱1,132 Mil. GMA Network's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GMA Network's Days Inventory for the three months ended in Mar. 2024 was 55.24.

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. GMA Network's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.31.

GMA Network Inventory Turnover Historical Data

The historical data trend for GMA Network'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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GMA Network Inventory Turnover Chart

GMA Network Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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491.66

40.25

9.33

5.97

6.43

GMA Network Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.26	1.57	1.75	2.06	1.65

GMA Network Inventory Turnover Calculation

GMA Network'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 )
=	8471.298	/ (	(1469.194	+	1164.269)	/	2 )
=	8471.298	/	1316.7315
=	6.43

GMA Network's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1870.154	/ (	(1164.269	+	1099.96)	/	2 )
=	1870.154	/	1132.1145
=	1.65

GMA Network (PHS:GMA7) 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.

GMA Network's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1132.1145	/	1870.154	*	365 / 4
	=	55.24

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.

GMA Network's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1132.1145	/	3656.799
	=	0.31

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.

GMA Network Inventory Turnover Related Terms

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GMA Network (PHS:GMA7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » GMA Network Inc (PHS:GMA7) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

GMA Network Center, Timog Avenue EDSA corner, Diliman, Quezon, PHL, 1103

Website

https://www.gmanetwork.com

GMA Network Inc is a media broadcasting company. The company has three operating segments namely, Television and Radio airtime, International Subscription, and Other Businesses. Its television and Radio segment is engaged in broadcasting activities and the sale of national and regional advertising time. The International Subscription segment is engaged in subscription arrangements with international cable companies and the Other Businesses segment includes movie production, consumer products, and other services. Geographically, it operates in the Philippines and other countries, of which a majority of the revenue is derived from the Philippines.

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