Greatview Aseptic Packaging Co (Greatview Aseptic Packaging Co) Inventory Turnover : 1.61 (As of Dec. 2023)

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What is Greatview Aseptic Packaging Co 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. Greatview Aseptic Packaging Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $216.1 Mil. Greatview Aseptic Packaging Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $134.1 Mil. Greatview Aseptic Packaging Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Greatview Aseptic Packaging Co's Days Inventory for the six months ended in Dec. 2023 was 113.24.

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. Greatview Aseptic Packaging Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Greatview Aseptic Packaging Co Inventory Turnover Historical Data

The historical data trend for Greatview Aseptic Packaging Co'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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Greatview Aseptic Packaging Co Inventory Turnover Chart

Greatview Aseptic Packaging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.37

3.45

3.71

3.26

3.03

Greatview Aseptic Packaging Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.89	1.73	1.72	1.40	1.61

Greatview Aseptic Packaging Co Inventory Turnover Calculation

Greatview Aseptic Packaging Co'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 )
=	439.143	/ (	(169.523	+	120.432)	/	2 )
=	439.143	/	144.9775
=	3.03

Greatview Aseptic Packaging Co'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 )
=	216.107	/ (	(147.754	+	120.432)	/	2 )
=	216.107	/	134.093
=	1.61

Greatview Aseptic Packaging Co (OTCPK:GRVWF) 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.

Greatview Aseptic Packaging Co'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
	=	134.093	/	216.107	*	365 / 2
	=	113.24

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.

Greatview Aseptic Packaging Co'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 )
	=	134.093	/	269.9
	=	0.50

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.

Greatview Aseptic Packaging Co Inventory Turnover Related Terms

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Greatview Aseptic Packaging Co (Greatview Aseptic Packaging Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greatview Aseptic Packaging Co Ltd (OTCPK:GRVWF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

00468:Hong Kong 8GA:Germany

Address

No.14 Jiuxianqiao Road, A4-2nd Floor, Chaoyang District, Beijing, CHN, 100015

Website

https://www.greatviewpack.com

Greatview Aseptic Packaging Co Ltd manufactures and sells a variety of paper-based packaging products. The company's primary product categories include packaging for dairy products and noncarbonated soft drink products. The sale of packaging for dairy products generates the majority of revenue. Greatview Aseptic Packaging also sells scrap metals. The firm organizes itself into two segments based on geography: the People's Republic of China, or PRC, and International. The PRC segment generates the majority of revenue.

Greatview Aseptic Packaging Co (Greatview Aseptic Packaging Co) Headlines

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