Granite Construction (FRA:GRG) Change In Inventory : €-3 Mil (TTM As of Mar. 2024)

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What is Granite Construction Change In Inventory?

Granite Construction's change in inventory for the quarter that ended in Mar. 2024 was €-12 Mil. It means Granite Construction's inventory increased by €12 Mil from Dec. 2023 to Mar. 2024 .

Granite Construction's change in inventory for the fiscal year that ended in Dec. 2023 was €-1 Mil. It means Granite Construction's inventory increased by €1 Mil from Dec. 2022 to Dec. 2023 .

Granite Construction's Total Inventories for the quarter that ended in Mar. 2024 was €108 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Granite Construction's Days Inventory for the quarter that ended in Mar. 2024 was 16.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Granite Construction's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.60.

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. Granite Construction's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Granite Construction Change In Inventory Historical Data

The historical data trend for Granite Construction's Change In Inventory 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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Granite Construction Change In Inventory Chart

Granite Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.34

4.22

0.69

-13.51

-1.31

Granite Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-10.35	7.06	0.02	1.83	-12.02

Granite Construction Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3 Mil.

Granite Construction (FRA:GRG) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Granite Construction's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	101.437	/	568.551	*	365 / 4
	=	16.28

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Granite Construction's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	568.551	/	101.437
	=	5.60

3. 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.

Granite Construction's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	101.437	/	618.493
	=	0.16

Granite Construction Change In Inventory Related Terms

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Granite Construction (FRA:GRG) Business Description

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GVA:USA

Address

585 West Beach Street, Watsonville, CA, USA, 95076

Website

https://www.graniteconstruction.com

Granite Construction Inc engages in the construction and development of various infrastructure projects on behalf of public and private clients in the United States. It focuses on heavy civil infrastructure projects, including roads, highways, transit facilities, airports, and bridges. In addition, the company performs site preparation and infrastructure services for residential development, energy development, and other facilities. The majority of revenue is derived from the company's construction operating segment, with the remainder derived from its materials segment.

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