Graphene Manufacturing Group (TSXV:GMG) Inventory Turnover : 0.34 (As of Mar. 2024)

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What is Graphene Manufacturing Group 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. Graphene Manufacturing Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.17 Mil. Graphene Manufacturing Group's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.51 Mil. Graphene Manufacturing Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Graphene Manufacturing Group's Days Inventory for the three months ended in Mar. 2024 was 269.48.

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. Graphene Manufacturing Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 10.74.

Graphene Manufacturing Group Inventory Turnover Historical Data

The historical data trend for Graphene Manufacturing Group'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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Graphene Manufacturing Group Inventory Turnover Chart

Graphene Manufacturing Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

24.67

1.11

0.89

1.27

Graphene Manufacturing Group Quarterly Data
	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												0.25	0.25	0.32	0.40	0.34

Graphene Manufacturing Group Inventory Turnover Calculation

Graphene Manufacturing Group's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	0.403	/ (	(0.315	+	0.322)	/	2 )
=	0.403	/	0.3185
=	1.27

Graphene Manufacturing Group'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 )
=	0.171	/ (	(0.497	+	0.513)	/	2 )
=	0.171	/	0.505
=	0.34

Graphene Manufacturing Group (TSXV:GMG) 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.

Graphene Manufacturing Group'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
	=	0.505	/	0.171	*	365 / 4
	=	269.48

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.

Graphene Manufacturing Group'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 )
	=	0.505	/	0.047
	=	10.74

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.

Graphene Manufacturing Group Inventory Turnover Related Terms

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Graphene Manufacturing Group (TSXV:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphene Manufacturing Group Ltd (TSXV:GMG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GMGMF:USA 0GF:Germany

Address

5/848 Boundary Road, Unit 5, Richlands, QLD, AUS, 4077

Website

https://www.graphenemg.com

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

Executives

Craig Nicol	Director, Senior Officer
Andrew James Small	Director

Graphene Manufacturing Group (TSXV:GMG) Headlines

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