Golan Renewable Industries (XTAE:GRIN) Total Inventories : ₪97.8 Mil (As of Sep. 2024)

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What is Golan Renewable Industries Total Inventories?

Golan Renewable Industries's total inventories for the quarter that ended in Sep. 2024 was ₪97.8 Mil. Golan Renewable Industries's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was ₪101.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Golan Renewable Industries's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₪-0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golan Renewable Industries's Days Inventory for the three months ended in Sep. 2024 was 115.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Golan Renewable Industries's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.79.

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. Golan Renewable Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.91.

Golan Renewable Industries Total Inventories Historical Data

The historical data trend for Golan Renewable Industries'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.

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Golan Renewable Industries Total Inventories Chart

Golan Renewable Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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66.59

62.95

72.72

105.23

110.87

Golan Renewable Industries Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial												118.98	110.87	107.61	104.40	97.76

Golan Renewable Industries 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.

Golan Renewable Industries (XTAE:GRIN) 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.

Golan Renewable Industries's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is

	Net-Net Working Capital Per Share (Q: Sep. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(19.343	+	0.75 * 153.98	+	0.5 * 97.758	-	197.344
-	0	-	14.478)	/	34.496
=	-0.82

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

Golan Renewable Industries's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	101.08	/	80.19	*	365 / 4
	=	115.02

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

Golan Renewable Industries's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2024 )	/	Average Total Inventories (Q: Sep. 2024 )
	=	80.19	/	101.08
	=	0.79

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.

Golan Renewable Industries's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	101.08	/	110.719
	=	0.91

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.

Golan Renewable Industries Total Inventories Related Terms

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Golan Renewable Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Golan Renewable Industries Ltd (XTAE:GRIN) » Definitions » Total Inventories

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Address

Kibbutz Shaar-Ha Golan, DN Emek Ha\'Yarden, ISR, 1514500

Website

https://www.golanglobal.com

Golan Renewable Industries Ltd is a manufacturer of a broad line of PE-X pipe systems and solutions, and works in the field of e-beam radiation, solar boilers and pre-manufactured walls for sanitary installations.