GFL Environmental (FRA:36E) Inventory Turnover : 15.23 (As of Mar. 2024)

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What is GFL Environmental 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. GFL Environmental's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,022 Mil. GFL Environmental's Average Total Inventories for the quarter that ended in Mar. 2024 was €67 Mil. GFL Environmental's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GFL Environmental's Days Inventory for the three months ended in Mar. 2024 was 5.99.

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. GFL Environmental's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

GFL Environmental Inventory Turnover Historical Data

The historical data trend for GFL Environmental'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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GFL Environmental Inventory Turnover Chart

GFL Environmental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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67.48

72.06

68.94

71.94

67.97

GFL Environmental Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															18.14	-	-	16.03	15.23

GFL Environmental Inventory Turnover Calculation

GFL Environmental'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 )
=	4269.286	/ (	(58.509	+	67.121)	/	2 )
=	4269.286	/	62.815
=	67.97

GFL Environmental'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1022.358	/ (	(67.121	+	0)	/	1 )
=	1022.358	/	67.121
=	15.23

GFL Environmental (FRA:36E) 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.

GFL Environmental'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
	=	67.121	/	1022.358	*	365 / 4
	=	5.99

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.

GFL Environmental'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 )
	=	67.121	/	1224.356
	=	0.05

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.

GFL Environmental Inventory Turnover Related Terms

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GFL Environmental (FRA:36E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GFL Environmental Inc (FRA:36E) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GFL:USA GFL:Canada

Address

100 New Park Place, Suite 500, Vaughan, ON, CAN, L4K 0H9

Website

https://www.gflenv.com

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. GFL's geographical segments are Canada and the United States.

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