Sustainable Green Team (Sustainable Green Team) Inventory Turnover : 0.02 (As of Mar. 2024)

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What is Sustainable Green Team 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. Sustainable Green Team's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.92 Mil. Sustainable Green Team's Average Total Inventories for the quarter that ended in Mar. 2024 was $44.29 Mil. Sustainable Green Team's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sustainable Green Team's Days Inventory for the three months ended in Mar. 2024 was 4,373.48.

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. Sustainable Green Team's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 73.08.

Sustainable Green Team Inventory Turnover Historical Data

The historical data trend for Sustainable Green Team'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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Sustainable Green Team Inventory Turnover Chart

Sustainable Green Team Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

4.03

2.10

0.94

Sustainable Green Team Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					0.37	0.26	0.17	0.22	0.02

Sustainable Green Team Inventory Turnover Calculation

Sustainable Green Team'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 )
=	27.117	/ (	(18.656	+	38.882)	/	2 )
=	27.117	/	28.769
=	0.94

Sustainable Green Team'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 )
=	0.924	/ (	(38.882	+	49.69)	/	2 )
=	0.924	/	44.286
=	0.02

Sustainable Green Team (OTCPK:SGTM) 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.

Sustainable Green Team'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
	=	44.286	/	0.924	*	365 / 4
	=	4,373.48

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.

Sustainable Green Team'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 )
	=	44.286	/	0.606
	=	73.08

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.

Sustainable Green Team Inventory Turnover Related Terms

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Sustainable Green Team (Sustainable Green Team) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sustainable Green Team Ltd (OTCPK:SGTM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24200 County RD 561, Astatula, FL, USA, 34705

Website

https://www.thesustainablegreenteam.com

Sustainable Green Team Ltd, along with its subsidiaries, is engaged in mulch manufacturing. It acquires wood-based, feedstock, and other natural materials used for its mulch products. The company provides tree services, debris hauling, and removal, biomass recycling, mulch manufacturing, packaging, and sales. Its customers include governmental, residential, commercial customers, and retailers.