Govena Lighting (WAR:GOV) Inventory Turnover : 0.24 (As of Mar. 2024)

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What is Govena Lighting 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. Govena Lighting's Cost of Goods Sold for the three months ended in Mar. 2024 was zł0.95 Mil. Govena Lighting's Average Total Inventories for the quarter that ended in Mar. 2024 was zł3.97 Mil. Govena Lighting's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Govena Lighting's Days Inventory for the three months ended in Mar. 2024 was 382.02.

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. Govena Lighting's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.05.

Govena Lighting Inventory Turnover Historical Data

The historical data trend for Govena Lighting'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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Govena Lighting Inventory Turnover Chart

Govena Lighting Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.06

1.04

0.88

1.00

1.11

Govena Lighting Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.01	0.01	0.44	0.18	0.24

Govena Lighting Inventory Turnover Calculation

Govena Lighting'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 )
=	4.555	/ (	(4.108	+	4.105)	/	2 )
=	4.555	/	4.1065
=	1.11

Govena Lighting'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.949	/ (	(3.951	+	3.995)	/	2 )
=	0.949	/	3.973
=	0.24

Govena Lighting (WAR:GOV) 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.

Govena Lighting'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
	=	3.973	/	0.949	*	365 / 4
	=	382.02

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.

Govena Lighting'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 )
	=	3.973	/	0.787
	=	5.05

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.

Govena Lighting Inventory Turnover Related Terms

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Govena Lighting (WAR:GOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Govena Lighting SA (WAR:GOV) » Definitions » Inventory Turnover

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Address

ul. Sluzewska 8-15, Torun, POL, 87-100

Website

http://www.govena.com

Govena Lighting SA is a manufacturer of electronics, a contractor of services and a supplier of finished and semi-finished products. It works with lighting-industry customers, manufacturers of electricity meters and cash registers, and with power-industry customers. The products offered by the company include Electronic Transformers, LED power supply, Dimmer, Switches and sockets and LED profiles.

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