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Grab2Go AS (OTSE:GRB2G) Inventory Turnover : 0.01 (As of Jun. 2023)


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What is Grab2Go AS 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. Grab2Go AS's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.00 Mil. Grab2Go AS's Average Total Inventories for the quarter that ended in Jun. 2023 was €0.07 Mil. Grab2Go AS's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grab2Go AS's Days Inventory for the six months ended in Jun. 2023 was 12,227.50.

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.

Grab2Go AS Inventory Turnover Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Inventory Turnover Chart

Grab2Go AS Annual Data
Trend Dec21 Dec22
Inventory Turnover
- 0.06

Grab2Go AS Semi-Annual Data
Jun22 Dec22 Jun23
Inventory Turnover - 0.01 0.01

Grab2Go AS Inventory Turnover Calculation

Grab2Go AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=0.004 / ((0 + 0.067) / 1 )
=0.004 / 0.067
=0.06

Grab2Go AS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=0.001 / ((0.067 + 0.067) / 2 )
=0.001 / 0.067
=0.01

* 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.

Grab2Go AS  (OTSE:GRB2G) 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.

Grab2Go AS's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=0.067/0.001*365 / 2
=12,227.50

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.

Grab2Go AS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=0.067 / 0
=

* 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.

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.

Grab2Go AS Inventory Turnover Related Terms

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Grab2Go AS (OTSE:GRB2G) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Inventory Turnover
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TPE:1506 TPE:1521 TPE:2442 TPE:2231 TPE:2497 TPE:2239 ROCO:3552 ROCO:8083 TPE:1536 TPE:1324 SHSE:603899 TSE:7752 TSE:6448 SZSE:002152 TSE:8060 TSE:7984 SZSE:300130 HNI TSE:4902 TSE:7846
Traded in Other Exchanges
N/A
Address
Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138
Website
https://www.grab2go.eu
Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

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