Gallant Venture (SGX:5IG) Inventory Turnover : 0.10 (As of Dec. 2023)

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What is Gallant Venture 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. Gallant Venture's Cost of Goods Sold for the six months ended in Dec. 2023 was S$59.5 Mil. Gallant Venture's Average Total Inventories for the quarter that ended in Dec. 2023 was S$608.4 Mil. Gallant Venture's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gallant Venture's Days Inventory for the six months ended in Dec. 2023 was 1,867.05.

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. Gallant Venture's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 6.42.

Gallant Venture Inventory Turnover Historical Data

The historical data trend for Gallant Venture'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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Gallant Venture Inventory Turnover Chart

Gallant Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.15

0.19

0.18

0.19

Gallant Venture Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.10	0.09	0.09	0.09	0.10

Gallant Venture Inventory Turnover Calculation

Gallant Venture'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 )
=	115.162	/ (	(606.278	+	609.216)	/	2 )
=	115.162	/	607.747
=	0.19

Gallant Venture'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 )
=	59.473	/ (	(607.652	+	609.216)	/	2 )
=	59.473	/	608.434
=	0.10

Gallant Venture (SGX:5IG) 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.

Gallant Venture'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
	=	608.434	/	59.473	*	365 / 2
	=	1,867.05

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.

Gallant Venture'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 )
	=	608.434	/	94.733
	=	6.42

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.

Gallant Venture Inventory Turnover Related Terms

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Gallant Venture (SGX:5IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gallant Venture Ltd (SGX:5IG) » Definitions » Inventory Turnover

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Address

3 HarbourFront Place, No. 16-01 HarbourFront Tower Two, Singapore, SGP, 099254

Website

http://www.gallantventure.com

Gallant Venture Ltd is an investment holding company. The company operates in different segments: Utilities, which is engaged in activities of provision of electricity and water supply, telecommunication services, and waste management services; Industrial parks, which is into the development, construction, operation, and maintenance of industrial properties; Resort operations, which are engaged in the provision of services to resort operation; and Property development, which is engaged in activities of developing industrial and resort properties. The majority is from the utilities segment. Geographically, the Group operates mainly in Indonesia.

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