GCL Technology Holdings (STU:3GY) Inventory Turnover : 3.46 (As of Dec. 2023)

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What is GCL Technology Holdings 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. GCL Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,264 Mil. GCL Technology Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was €365 Mil. GCL Technology Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GCL Technology Holdings's Days Inventory for the six months ended in Dec. 2023 was 52.73.

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. GCL Technology Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

GCL Technology Holdings Inventory Turnover Historical Data

The historical data trend for GCL Technology Holdings'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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GCL Technology Holdings Inventory Turnover Chart

GCL Technology Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.76

17.39

16.22

10.35

7.84

GCL Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.47	7.55	5.75	4.42	3.46

GCL Technology Holdings Inventory Turnover Calculation

GCL Technology Holdings'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 )
=	2826.478	/ (	(350.339	+	370.417)	/	2 )
=	2826.478	/	360.378
=	7.84

GCL Technology Holdings'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 )
=	1263.773	/ (	(359.882	+	370.417)	/	2 )
=	1263.773	/	365.1495
=	3.46

GCL Technology Holdings (STU:3GY) 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.

GCL Technology Holdings'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
	=	365.1495	/	1263.773	*	365 / 2
	=	52.73

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.

GCL Technology Holdings'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 )
	=	365.1495	/	1638.042
	=	0.22

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.

GCL Technology Holdings Inventory Turnover Related Terms

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GCL Technology Holdings (STU:3GY) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL Technology Holdings Ltd (STU:3GY) » Definitions » Inventory Turnover

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GCPEF:USA 03800:Hong Kong

Address

1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.gcltech.com

GCL Technology Holdings Ltd is an investment holding company. It is principally engaged in the manufacturing and sales of polysilicon and wafers for the solar industry; and the sales of electricity, development, investment, management and operation of solar projects. The company operates in two reportable segments Solar material business which mainly manufactures and sales of polysilicon and wafer to companies operating in the solar industry, and the Solar farm business which manages and operates solar farms located in the USA and the PRC. The majority of revenue is derived from the Solar material business segment.

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