GK Software SE (XTER:GKS) Inventory Turnover : 129.83 (As of Jun. 2023)

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What is GK Software SE 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. GK Software SE's Cost of Goods Sold for the three months ended in Jun. 2023 was €27.9 Mil. GK Software SE's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.2 Mil. GK Software SE's Inventory Turnover for the quarter that ended in Jun. 2023 was 129.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GK Software SE's Days Inventory for the three months ended in Jun. 2023 was 0.70.

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. GK Software SE's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.01.

GK Software SE Inventory Turnover Historical Data

The historical data trend for GK Software SE'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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GK Software SE Inventory Turnover Chart

GK Software SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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186.85

242.38

653.48

1,176.79

442.72

GK Software SE Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															296.74	160.52	397.79	129.83	-

GK Software SE Inventory Turnover Calculation

GK Software SE'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 )
=	110.238	/ (	(0.081	+	0.417)	/	2 )
=	110.238	/	0.249
=	442.72

GK Software SE's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	27.914	/ (	(0.101	+	0.329)	/	2 )
=	27.914	/	0.215
=	129.83

GK Software SE (XTER:GKS) 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.

GK Software SE's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.215	/	27.914	*	365 / 4
	=	0.70

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.

GK Software SE's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.215	/	39.876
	=	0.01

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.

GK Software SE Inventory Turnover Related Terms

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GK Software SE (XTER:GKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GK Software SE (XTER:GKS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GKS:Germany

Address

Waldstrasse 7, Schoneck, SN, DEU, D-08261

Website

https://www.gk-software.com

GK Software SE provides standard software for the retail sector. Its products include SAP Store Solutions by GK, GK-in-the-Cloud, Mobile Customer Experience, and many more. Its geographical segments include EMEA; Americas and Other business activities. The company generates maximum revenue from the EMEA segment.

Executives

André Hergert	Board of Directors
Rainer Gläß	Board of Directors
Herbert Zinn	Supervisory Board

GK Software SE (XTER:GKS) Headlines

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