PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Inventory Turnover : 1.25 (As of Mar. 2024)

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What is PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna 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. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cost of Goods Sold for the three months ended in Mar. 2024 was zł13.8 Mil. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Average Total Inventories for the quarter that ended in Mar. 2024 was zł11.0 Mil. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Days Inventory for the three months ended in Mar. 2024 was 72.90.

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. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Inventory Turnover Historical Data

The historical data trend for PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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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PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Inventory Turnover Chart

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Annual Data

Trend

Dec13

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Dec22

Inventory Turnover

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PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	1.25

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Inventory Turnover Calculation

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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 )
=	0	/ (	(0	+	0)	/	1 )
=	0	/	0
=	N/A

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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 )
=	13.763	/ (	(0	+	10.995)	/	1 )
=	13.763	/	10.995
=	1.25

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) 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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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
	=	10.995	/	13.763	*	365 / 4
	=	72.90

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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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 )
	=	10.995	/	17.563
	=	0.63

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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Inventory Turnover Related Terms

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PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Sulechowska 4a, Zielona Gora, POL, 65-119

Website

http://www.zastal.pl

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna, formerly Zastal SA is engaged in the manufacture and sale of rolling stock and steel structures. The company manufactures steel structures of industrial halls, buildings, churches, bridges, and railway stations, as well as constructs railway wagons and cars. It also operates in USSR, Iraq, Syria, and China.

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