GPO Plus (GPO Plus) Inventory Turnover : 2.77 (As of Jan. 2024)

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What is GPO Plus 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. GPO Plus's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.93 Mil. GPO Plus's Average Total Inventories for the quarter that ended in Jan. 2024 was $0.34 Mil. GPO Plus's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GPO Plus's Days Inventory for the three months ended in Jan. 2024 was 32.95.

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. GPO Plus's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.31.

GPO Plus Inventory Turnover Historical Data

The historical data trend for GPO Plus'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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GPO Plus Inventory Turnover Chart

GPO Plus Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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2.98

GPO Plus Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															2.32	3.83	3.68	4.07	2.77

GPO Plus Inventory Turnover Calculation

GPO Plus's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	0.468	/ (	(0	+	0.157)	/	1 )
=	0.468	/	0.157
=	2.98

GPO Plus's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	0.929	/ (	(0.251	+	0.42)	/	2 )
=	0.929	/	0.3355
=	2.77

GPO Plus (OTCPK:GPOX) 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.

GPO Plus's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	0.3355	/	0.929	*	365 / 4
	=	32.95

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.

GPO Plus's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0.3355	/	1.09
	=	0.31

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.

GPO Plus Inventory Turnover Related Terms

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GPO Plus (GPO Plus) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GPO Plus Inc (OTCPK:GPOX) » Definitions » Inventory Turnover

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Address

3571 E. Sunset Road, Suite 300, Las Vegas, NV, USA, 89120

Website

https://www.gpoplus.com

GPO Plus Inc is a fully reporting global holding company of industry-specific Group Purchasing Organizations (GPO). The company's main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPOPlus+ offers professional services through GPOPRO Services. The Company's business is organized around four key areas which are products (developing and manufacturing), distribution (getting our products to customers), marketing (promoting our products), and sales (selling our products to consumers and retailers).