GMT Global (ROCO:4573) Inventory Turnover : 0.42 (As of Dec. 2023)

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What is GMT Global 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. GMT Global's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$182.0 Mil. GMT Global's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$432.2 Mil. GMT Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GMT Global's Days Inventory for the six months ended in Dec. 2023 was 433.48.

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. GMT Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.00.

GMT Global Inventory Turnover Historical Data

The historical data trend for GMT Global'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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GMT Global Inventory Turnover Chart

GMT Global Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.10

1.08

0.95

0.80

GMT Global Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											0.53	0.50	0.43	0.37	0.42

GMT Global Inventory Turnover Calculation

GMT Global'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 )
=	347.469	/ (	(444.017	+	423.681)	/	2 )
=	347.469	/	433.849
=	0.80

GMT Global'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 )
=	181.957	/ (	(440.695	+	423.681)	/	2 )
=	181.957	/	432.188
=	0.42

GMT Global (ROCO:4573) 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.

GMT Global'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
	=	432.188	/	181.957	*	365 / 2
	=	433.48

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.

GMT Global'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 )
	=	432.188	/	216.245
	=	2.00

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.

GMT Global Inventory Turnover Related Terms

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GMT Global (ROCO:4573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GMT Global Inc (ROCO:4573) » Definitions » Inventory Turnover

Comparable Companies

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N/A

Address

No. 357, Section 1, Yaofeng Road, Puxin Township, Changhua County, Changhua, TWN, 50442

Website

https://www.gmtlinear.com

GMT Global Inc is engaged in the manufacturing of the precision die, precision dies sets and mold components. The company also helps in the fields of biomedical genetic engineering, precision optical engineering, MEMS manufacturing and other fields with the manufacturing of positioning stage elements. Its products profile include Actuators, Electric Gripper, Linear Cylinder, Optical Table, Hi-resolution stage, and others.

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