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. Gorman-Rupp Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $102.6 Mil. Gorman-Rupp Co's Revenue for the
three
months ended in Mar. 2024 was $159.3 Mil.
Gorman-Rupp Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.
Gorman-Rupp Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.65) to Dec. 2023 (0.64)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gorman-Rupp Co's Days Inventory for the
three
months ended in Mar. 2024 was 84.44.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Gorman-Rupp Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.
Gorman-Rupp Co Inventory-to-Revenue Historical Data
The historical data trend for Gorman-Rupp Co's Inventory-to-Revenue 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.
Competitive Comparison of Gorman-Rupp Co's Inventory-to-Revenue
For the Specialty Industrial Machinery subindustry, Gorman-Rupp Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gorman-Rupp Co's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gorman-Rupp Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Gorman-Rupp Co's Inventory-to-Revenue falls into.
Gorman-Rupp Co Inventory-to-Revenue Calculation
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.
Gorman-Rupp Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Gorman-Rupp Co (NYSE:GRC) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Gorman-Rupp Co's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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.
Gorman-Rupp Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Gorman-Rupp Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Gorman-Rupp Co (Gorman-Rupp Co) Business Description
Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.
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