Gildan Activewear (Gildan Activewear) Change In Inventory : $143 Mil (TTM As of Dec. 2023)

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What is Gildan Activewear Change In Inventory?

Gildan Activewear's change in inventory for the quarter that ended in Dec. 2023 was $51 Mil. It means Gildan Activewear's inventory declined by $51 Mil from Sep. 2023 to Dec. 2023 .

Gildan Activewear's change in inventory for the fiscal year that ended in Dec. 2023 was $143 Mil. It means Gildan Activewear's inventory declined by $143 Mil from Dec. 2022 to Dec. 2023 .

Gildan Activewear's Total Inventories for the quarter that ended in Dec. 2023 was $1,089 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gildan Activewear's Days Inventory for the quarter that ended in Dec. 2023 was 186.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gildan Activewear's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.49.

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. Gildan Activewear's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.42.

Gildan Activewear Change In Inventory Historical Data

The historical data trend for Gildan Activewear's Change In Inventory 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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Gildan Activewear Change In Inventory Chart

Gildan Activewear Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-115.08

320.38

-33.74

-448.84

143.22

Gildan Activewear Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-114.29	-85.43	88.31	89.44	50.89

Gildan Activewear Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $143 Mil.

Gildan Activewear (NYSE:GIL) Change In Inventory Explanation

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

Gildan Activewear's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1113.8035	/	546.151	*	365 / 4
	=	186.09

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	546.151	/	1113.8035
	=	0.49

3. 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.

Gildan Activewear's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1113.8035	/	782.709
	=	1.42

Gildan Activewear Change In Inventory Related Terms

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Gildan Activewear (Gildan Activewear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gildan Activewear Inc (NYSE:GIL) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

VGA:Germany GIL:Canada

Address

600 de Maisonneuve Boulevard West, 33rd Floor, Suite 330, Montreal, QC, CAN, H3A 3J2

Website

http://www.gildan.com

Gildan is a vertically integrated designer and manufacturer of basic apparel, including T-shirts, underwear, socks, and hosiery. Its primary market is the sale of blank T-shirts, sweatshirts, and other apparel to wholesalers, major clothing brands, and printers (printwear). Gildan also sells branded clothing through retail and direct-to-consumer channels. Brands include Gildan, American Apparel, Comfort Colors, and Gold Toe. Gildan produces most of its clothing at factories in Latin America and recently began operating a new plant in Bangladesh. Incorporated in 1984, the Montreal-based company operates internationally but generates nearly 90% of its sales in the U.S.