What is Granite Construction Inventory-to-Revenue?
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. Granite Construction's Average Total Inventories for the quarter that ended in Dec. 2023 was $98 Mil. Granite Construction's Revenue for the
three
months ended in Dec. 2023 was $934 Mil.
Granite Construction's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.11.
Granite Construction's Inventory-to-Revenue for the quarter that ended in Dec. 2023
increased
from Sep. 2023 (0.08) to Sep. 2023 (0.11)
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.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Granite Construction's Days Inventory for the
three
months ended in Dec. 2023 was 10.66.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Granite Construction's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.56.
Granite Construction Inventory-to-Revenue Historical Data
The historical data trend for Granite Construction'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 Granite Construction's Inventory-to-Revenue
For the Engineering & Construction subindustry, Granite Construction'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.
Granite Construction's Inventory-to-Revenue Distribution in the Construction Industry
For the Construction industry and Industrials sector, Granite Construction's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Granite Construction's Inventory-to-Revenue falls into.
Granite Construction 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.
Granite Construction'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.
Granite Construction (NYSE:GVA) 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.
Granite Construction's Days Inventory for the
three
months 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.
Granite Construction Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Granite Construction's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Granite Construction (Granite Construction) Business Description
Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GVA has been successfully added to your 