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GPT Group (ASX:GPT) Total Inventories : A$86.2 Mil (As of Dec. 2023)


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What is GPT Group Total Inventories?

GPT Group's total inventories for the quarter that ended in Dec. 2023 was A$86.2 Mil. GPT Group's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$50.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. GPT Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-2.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GPT Group's Days Inventory for the six months ended in Dec. 2023 was 52.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. GPT Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.50.

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. GPT Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

GPT Group Total Inventories Historical Data

The historical data trend for GPT Group's Total Inventories 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.

* Premium members only.

GPT Group Total Inventories Chart

GPT Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.40 53.60 14.50 13.40 86.20

GPT Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.50 14.70 13.40 14.10 86.20

GPT Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

GPT Group  (ASX:GPT) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

GPT Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(67.9+0.75 * 21.6+0.5 * 86.2-5513.6
-0-0)/1915.58
=-2.81

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

GPT Group'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
=50.15/175.3*365 / 2
=52.21

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

GPT Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=175.3 / 50.15
=3.50

4. 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.

GPT Group'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 )
=50.15 / 518.7
=0.10

* 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.

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

GPT Group Total Inventories Related Terms

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GPT Group (ASX:GPT) Business Description

Industry
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Traded in Other Exchanges
GPTGF:USA 46T:Germany
Address
25 Martin Place, Level 51, Sydney, NSW, AUS, 2000
Website
https://www.gpt.com.au
GPT Group was listed in 1971 and is Australia's oldest listed property trust. The business strategy is not particularly differentiated from peers, other than through its somewhat conservative gearing and modest emphasis on development activity. The portfolio weighting to industrial is a major growth area for the firm. GPT remains dominated by retail malls that generate about a third of its revenue, and another quarter from office.