Grupo CarsoB de CV (Grupo CarsoB de CV) Inventory Turnover : 1.24 (As of Mar. 2024)

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What is Grupo CarsoB de CV 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. Grupo CarsoB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,043 Mil. Grupo CarsoB de CV's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,644 Mil. Grupo CarsoB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo CarsoB de CV's Days Inventory for the three months ended in Mar. 2024 was 73.42.

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. Grupo CarsoB de CV's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.

Grupo CarsoB de CV Inventory Turnover Historical Data

The historical data trend for Grupo CarsoB de CV'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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Grupo CarsoB de CV Inventory Turnover Chart

Grupo CarsoB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.23

4.10

5.12

5.93

5.67

Grupo CarsoB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.33	1.28	1.43	1.24

Grupo CarsoB de CV Inventory Turnover Calculation

Grupo CarsoB de CV's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	8602.844	/ (	(1392.262	+	1640.322)	/	2 )
=	8602.844	/	1516.292
=	5.67

Grupo CarsoB de CV's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2043.137	/ (	(1640.322	+	1647.65)	/	2 )
=	2043.137	/	1643.986
=	1.24

Grupo CarsoB de CV (OTCPK:GPOVY) 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.

Grupo CarsoB de CV's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1643.986	/	2043.137	*	365 / 4
	=	73.42

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.

Grupo CarsoB de CV's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1643.986	/	2776.006
	=	0.59

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.

Grupo CarsoB de CV Inventory Turnover Related Terms

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Grupo CarsoB de CV (Grupo CarsoB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Grupo Carso SAB de CV (OTCPK:GPOVY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GPOVF:USA GCARSOA1:Mexico 4GF:Germany

Address

255 Frisco Building, Lago Zurich 245, 6th Floor, Ampliacion Granada, Mexico City, MEX, 11529

Website

http://www.gcarso.com.mx

Grupo Carso SAB de CV is a conglomerate based in Mexico with business presence in several countries, mainly in the Americas and Europe. The firm has operations in four main business segments: commercial and retail, industrial and manufacturing, infrastructure and construction, and energy. The largest contributor to sales, the commercial and retail division, serves middle- and high-income consumers and operates department stores, boutiques, restaurants, and multimedia stores. The industrial and manufacturing segment has a portfolio of products and services focused on cables, power transformers and reactors, and alternative energies, among others. The infrastructure and construction division serves sectors like the oil and chemical industries, pipeline installation, and housing development.