GSS Energy (SGX:41F) Inventory Turnover : 2.45 (As of Dec. 2023)

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What is GSS Energy 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. GSS Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was S$53.4 Mil. GSS Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was S$21.8 Mil. GSS Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GSS Energy's Days Inventory for the six months ended in Dec. 2023 was 74.34.

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. GSS Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

GSS Energy Inventory Turnover Historical Data

The historical data trend for GSS Energy'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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GSS Energy Inventory Turnover Chart

GSS Energy Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.80

6.75

4.09

3.56

4.40

GSS Energy Semi-Annual Data
	Aug13	Feb14	Aug14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.76	1.66	1.74	1.91	2.45

GSS Energy Inventory Turnover Calculation

GSS Energy'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 )
=	106.386	/ (	(30.055	+	18.295)	/	2 )
=	106.386	/	24.175
=	4.40

GSS Energy'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 )
=	53.445	/ (	(25.247	+	18.295)	/	2 )
=	53.445	/	21.771
=	2.45

GSS Energy (SGX:41F) 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.

GSS Energy'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
	=	21.771	/	53.445	*	365 / 2
	=	74.34

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.

GSS Energy'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 )
	=	21.771	/	59.216
	=	0.37

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.

GSS Energy Inventory Turnover Related Terms

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GSS Energy (SGX:41F) Business Description

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Address

Blk 4012 Ang Mo Kio Ave 10, No. 05-01 Techplace 1, Singapore, SGP, 569628

Website

https://www.giken.com.sg

GSS Energy Ltd through its subsidiaries is engaged in providing production technology to multi-national manufacturers in the field of home and car audio entertainment. It also manufactures precision shafts, and drills and distributes oil in Indonesia. The company operates in three reportable segments: Mechanisms division and Microshafts division and Electric vehicle division . Mechanisms division which derives the majority of revenue provides advanced production technology to multi-national manufacturers in the field of home and car audio entertainment, communication, computer and office automation industries and medical industries. Microshafts division concentrates on the manufacturing of high precision shafts.

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