Safe & Green Holdings (Safe & Green Holdings) Inventory Turnover : 2.93 (As of Mar. 2024)

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What is Safe & Green Holdings 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. Safe & Green Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.65 Mil. Safe & Green Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.22 Mil. Safe & Green Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Safe & Green Holdings's Days Inventory for the three months ended in Mar. 2024 was 31.19.

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. Safe & Green Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Safe & Green Holdings Inventory Turnover Historical Data

The historical data trend for Safe & Green Holdings'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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Safe & Green Holdings Inventory Turnover Chart

Safe & Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.40

35.10

24.30

61.25

Safe & Green Holdings 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															23.27	12.11	7.35	14.10	2.93

Safe & Green Holdings Inventory Turnover Calculation

Safe & Green Holdings'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 )
=	19.079	/ (	(0.466	+	0.157)	/	2 )
=	19.079	/	0.3115
=	61.25

Safe & Green Holdings'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 )
=	0.645	/ (	(0.157	+	0.284)	/	2 )
=	0.645	/	0.2205
=	2.93

Safe & Green Holdings (NAS:SGBX) 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.

Safe & Green Holdings'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
	=	0.2205	/	0.645	*	365 / 4
	=	31.19

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.

Safe & Green Holdings'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 )
	=	0.2205	/	1.018
	=	0.22

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.

Safe & Green Holdings Inventory Turnover Related Terms

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Safe & Green Holdings (Safe & Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Safe & Green Holdings Corp (NAS:SGBX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

90S1:Germany

Address

990 Biscayne Boulevard, No. 501, Office 12, Miami, FL, USA, 33132

Website

https://www.safeandgreenholdings.com

Safe & Green Holdings Corp is a modular solutions company. The company currently provides modules made out of both code-engineered cargo shipping containers and wood for use as both permanent or temporary structures for residential housing use and commercial use, including for health care facilities. It operates in four segments: construction; medical; real estate development; and environmental. The company generates the majority of its revenue from the Construction segment which designs and constructs modular structures built in their factories using raw materials that are Made-in-America.

Executives

Thomas Meharey	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Jill Ellen Anderson	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Vanessa Villaverde	director	990 BISCAYNE BLVD., SUITE 501, MIAMI FL 33132
Patricia Kaelin	officer: Chief Financial Officer	990 BISCAYNE, #501, OFFICE 12, MIAMI FL 33132
Elizabeth Cormier-may	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
Shafron E. Hawkins	director	5011 GATE PARKWAY, BUILDING 100, JACKSONVILLE FL 32256
John William Shaw	10 percent owner	1005 E. LAS TUNAS DR., #116, SAN GABRIEL CA 91776
Gerald Anthony Sheeran	officer: Acting Chief Financial Officer	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
Margaret Coleman	director	195 MONATGUE STREET, 14TH FLOOR, 14TH FLOOR, BROOKLYN NY 11201
Yaniv Blumenfeld	director	C/O SG BLOCKS, INC., 195 MONTAGUE STREET, 14TH FLOOR, BROOKLYN NY 11201
David Roberto Villarreal	director	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Joseph Safina	director	1320 SEMINOLE DRIVE, FORT LAUDERDALE FL 33304
William Jeffrey Rogers	officer: Chief Operating Officer	17 STATE STREET, 19TH FLOOR, NEW YORK NY 10004
Mahesh S Shetty	director, officer: CFO	429 MEMORY LANE, MARSHALL TX 75672
Swets Larry G Jr	10 percent owner	105 S. MAPLE ST., ITASCA IL 60143