Gosa FOM a.d (XBEL:GFOM) Inventory Turnover : 0.82 (As of Dec. 2023)

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What is Gosa FOM a.d 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. Gosa FOM a.d's Cost of Goods Sold for the six months ended in Dec. 2023 was RSD1,415 Mil. Gosa FOM a.d's Average Total Inventories for the quarter that ended in Dec. 2023 was RSD1,720 Mil. Gosa FOM a.d's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gosa FOM a.d's Days Inventory for the six months ended in Dec. 2023 was 221.95.

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. Gosa FOM a.d's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.72.

Gosa FOM a.d Inventory Turnover Historical Data

The historical data trend for Gosa FOM a.d'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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Gosa FOM a.d Inventory Turnover Chart

Gosa FOM a.d Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.68

3.17

3.00

5.47

2.50

Gosa FOM a.d Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	2.36	3.25	0.79	0.82

Gosa FOM a.d Inventory Turnover Calculation

Gosa FOM a.d'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 )
=	2376.893	/ (	(456.891	+	1447.221)	/	2 )
=	2376.893	/	952.056
=	2.50

Gosa FOM a.d'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 )
=	1414.527	/ (	(1993.33	+	1447.221)	/	2 )
=	1414.527	/	1720.2755
=	0.82

Gosa FOM a.d (XBEL:GFOM) 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.

Gosa FOM a.d'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
	=	1720.2755	/	1414.527	*	365 / 2
	=	221.95

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.

Gosa FOM a.d'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 )
	=	1720.2755	/	2378.752
	=	0.72

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.

Gosa FOM a.d Inventory Turnover Related Terms

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Gosa FOM a.d (XBEL:GFOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gosa FOM a.d (XBEL:GFOM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Industrial 70, Smederevo Palanka, SRB

Website

http://www.gosafom.com

Gosa FOM a.d is a manufacturer of Lifting and Handling equipment. The company is engaged in the development, design, manufacture, erection, and services of machines and equipment. It serves energy, metallurgy and mining industry. The company produces coke mining, metallurgy, and hydro-mechanical equipment, cranes and hoists, gearboxes, steel structures and bridges, civil steel structures and vessels under pressure.

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