GSS Energy (SGX:41F) Change In Inventory : S$12.1 Mil (TTM As of Dec. 2023)

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What is GSS Energy Change In Inventory?

GSS Energy's change in inventory for the quarter that ended in Dec. 2023 was S$7.5 Mil. It means GSS Energy's inventory declined by S$7.5 Mil from Jun. 2023 to Dec. 2023 .

GSS Energy's change in inventory for the fiscal year that ended in Dec. 2023 was S$12.1 Mil. It means GSS Energy's inventory declined by S$12.1 Mil from Dec. 2022 to Dec. 2023 .

GSS Energy's Total Inventories for the quarter that ended in Dec. 2023 was S$18.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GSS Energy's Days Inventory for the quarter that ended in Dec. 2023 was 74.34.

Inventory Turnover measures how fast the company turns over its inventory within a year. GSS Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.45.

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. GSS Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

GSS Energy Change In Inventory Historical Data

The historical data trend for GSS Energy'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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GSS Energy Change In Inventory Chart

GSS Energy Annual Data

Trend

Aug14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.55

-3.36

-18.96

3.21

12.09

GSS Energy Semi-Annual Data
	Aug13	Feb14	Aug14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-11.02	-0.35	3.55	4.63	7.46

GSS Energy 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 semi-annually data reported by the company within the most recent 12 months, which was S$12.1 Mil.

GSS Energy (SGX:41F) Change In Inventory Explanation

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

GSS Energy's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	21.771	/	53.445	*	365 / 2
	=	74.34

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	53.445	/	21.771
	=	2.45

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.771	/	59.216
	=	0.37

GSS Energy Change In Inventory Related Terms

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GSS Energy (SGX:41F) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GSS Energy Ltd (SGX:41F) » Definitions » Change In Inventory

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Address

Blk 4012 Ang Mo Kio Ave 10, No. 05-01 Techplace 1, Singapore, SGP, 569628

Website

https://www.giken.com.sg

GSS Energy Ltd through its subsidiaries is engaged in providing production technology to multi-national manufacturers in the field of home and car audio entertainment. It also manufactures precision shafts, and drills and distributes oil in Indonesia. The company operates in three reportable segments: Mechanisms division and Microshafts division and Electric vehicle division . Mechanisms division which derives the majority of revenue provides advanced production technology to multi-national manufacturers in the field of home and car audio entertainment, communication, computer and office automation industries and medical industries. Microshafts division concentrates on the manufacturing of high precision shafts.

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