Glenveagh Properties (DUB:GVR) Inventory Turnover : 0.48 (As of Dec. 2023)

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What is Glenveagh Properties 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. Glenveagh Properties's Cost of Goods Sold for the six months ended in Dec. 2023 was €351.6 Mil. Glenveagh Properties's Average Total Inventories for the quarter that ended in Dec. 2023 was €736.1 Mil. Glenveagh Properties's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glenveagh Properties's Days Inventory for the six months ended in Dec. 2023 was 382.14.

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. Glenveagh Properties's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.69.

Glenveagh Properties Inventory Turnover Historical Data

The historical data trend for Glenveagh Properties'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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Glenveagh Properties Inventory Turnover Chart

Glenveagh Properties Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.30

0.27

0.50

0.74

0.71

Glenveagh Properties Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							0.35	0.21	0.50	0.20	0.48

Glenveagh Properties Inventory Turnover Calculation

Glenveagh Properties'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 )
=	495.207	/ (	(685.751	+	707.6)	/	2 )
=	495.207	/	696.6755
=	0.71

Glenveagh Properties's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	351.56	/ (	(764.661	+	707.6)	/	2 )
=	351.56	/	736.1305
=	0.48

Glenveagh Properties (DUB:GVR) 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.

Glenveagh Properties's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	736.1305	/	351.56	*	365 / 2
	=	382.14

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.

Glenveagh Properties's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	736.1305	/	436.357
	=	1.69

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.

Glenveagh Properties Inventory Turnover Related Terms

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Glenveagh Properties (DUB:GVR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Glenveagh Properties PLC (DUB:GVR) » Definitions » Inventory Turnover

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Address

Block B, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 W5X7

Website

https://www.glenveagh.ie/corporate

Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organised into three key reportable segments, 1) The Suburban segment is engaged in housing (with some low rise apartments) with demand coming from private buyers and institutions. 2) Urban segment is engaged in developing apartments to deliver to institutional investors. The apartments are located primarily in Dublin and Cork, but also on sites adjacent to significant rail transportation hubs. 3) Partnerships segment involves the Government, local authorities, or state agencies contributing their land on a reduced cost, or phased basis into a development agreement with Glenveagh. Approximately 50% of the product is delivered back to the government or local authority via social and affordable homes.

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