Glunz & Jensen Holding A/S (OCSE:GJ) Inventory Turnover : 1.12 (As of Dec. 2023)

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What is Glunz & Jensen Holding A/S 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. Glunz & Jensen Holding A/S's Cost of Goods Sold for the six months ended in Dec. 2023 was kr55.4 Mil. Glunz & Jensen Holding A/S's Average Total Inventories for the quarter that ended in Dec. 2023 was kr49.4 Mil. Glunz & Jensen Holding A/S's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glunz & Jensen Holding A/S's Days Inventory for the six months ended in Dec. 2023 was 162.99.

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. Glunz & Jensen Holding A/S's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Glunz & Jensen Holding A/S Inventory Turnover Historical Data

The historical data trend for Glunz & Jensen Holding A/S'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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Glunz & Jensen Holding A/S Inventory Turnover Chart

Glunz & Jensen Holding A/S Annual Data

Trend

May13

May14

May15

May16

May17

Mar19

Mar20

Mar21

Mar22

Dec23

Inventory Turnover

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4.62

3.74

2.60

2.79

2.65

Glunz & Jensen Holding A/S Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.20	1.47	1.10	1.05	1.12

Glunz & Jensen Holding A/S Inventory Turnover Calculation

Glunz & Jensen Holding A/S'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: Mar. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	111.462	/ (	(41.014	+	42.986)	/	2 )
=	111.462	/	42
=	2.65

Glunz & Jensen Holding A/S'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 )
=	55.362	/ (	(55.9	+	42.986)	/	2 )
=	55.362	/	49.443
=	1.12

Glunz & Jensen Holding A/S (OCSE:GJ) 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.

Glunz & Jensen Holding A/S'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
	=	49.443	/	55.362	*	365 / 2
	=	162.99

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.

Glunz & Jensen Holding A/S'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 )
	=	49.443	/	69.319
	=	0.71

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.

Glunz & Jensen Holding A/S Inventory Turnover Related Terms

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Glunz & Jensen Holding A/S (OCSE:GJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glunz & Jensen Holding A/S (OCSE:GJ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Selandia Park 1, Ringsted, DNK, DK-4100

Website

https://www.glunz-jensen.com

Glunz & Jensen Holding A/S is active in the press industry. The company sells and develops hardware, where production is controlled from the company's facilities around Europe, the USA, and China. In addition to press services, the company provides aftermarket services and related products, including assembly tables and display units. The company is headquartered in Ringsted. Product area Flexo and Product area Offset, are both part of the Prepress market. All products and services are connected to setters and printing equipment. Geographically, the majority is from the EMEA (Europe, Middle East, Africa).

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