Grupul Industrial Electrocontact (BSE:ECT) Inventory Turnover : 0.00 (As of Jun. 2023)

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What is Grupul Industrial Electrocontact Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Grupul Industrial Electrocontact's Cost of Goods Sold for the six months ended in Jun. 2023 was lei0.00 Mil. Grupul Industrial Electrocontact's Average Total Inventories for the quarter that ended in Jun. 2023 was lei1.68 Mil. Grupul Industrial Electrocontact's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.00.

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

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. Grupul Industrial Electrocontact's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 8.21.

Grupul Industrial Electrocontact Inventory Turnover Historical Data

The historical data trend for Grupul Industrial Electrocontact's Inventory Turnover 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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Grupul Industrial Electrocontact Inventory Turnover Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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0.05

0.01

0.02

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Grupul Industrial Electrocontact Inventory Turnover Calculation

Grupul Industrial Electrocontact's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0	/ (	(1.682	+	1.682)	/	2 )
=	0	/	1.682
=	0.00

Grupul Industrial Electrocontact's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0	/ (	(1.682	+	1.684)	/	2 )
=	0	/	1.683
=	0.00

Grupul Industrial Electrocontact (BSE:ECT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Grupul Industrial Electrocontact's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.683	/	0	*	365 / 2
	=

2. 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.

Grupul Industrial Electrocontact's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.683	/	0.205
	=	8.21

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Grupul Industrial Electrocontact Inventory Turnover Related Terms

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Grupul Industrial Electrocontact (BSE:ECT) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » Inventory Turnover

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Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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