Grom Social Enterprises Inc (GROM) Inventory Turnover Ratio, from first quarter 2024 to first quarter 2023, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Grom Social Enterprises Inc   (NASDAQ: GROM)
 

Grom Social Enterprises Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Grom Social Enterprises Inc inventory turnover ratio, the Grom Social Enterprises Inc 's ability to sell and replace its inventory in the first quarter 2024, sequentially increased to 48.2 in the first quarter 2024, yet the ratio remained below the average, as GROM's market remain challenging.Average inventory processing period, for the Grom Social Enterprises Inc in Mar 31 2024 quarter, has decreased to 8 days, compare to 9 days, in the Dec 31 2023 quarter.

Within Technology sector 13 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the First Quarter 2024 compared to previous quarter at no. 94.

GROM Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Grom Social Enterprises Inc Market Share?

What is Inventory Turnover Ratio?



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GROM Inventory Turnover Ratio (Mar 31 2024)
I. Quarter		 (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter
Y / Y Inventory Growth -54.81 % -53.19 % -58.52 % -43.91 % 3.7 %
Y / Y Cost of Sales Growth -7.22 % -29.67 % -27.64 % -22.93 % -28.08 %
Inventory Turnover Ratio (TTM) 48.2 39.29 36.57 33.4 30.28
GROM's Total Ranking # 94 # 94 # 111 # 130 # 149
Average inventory processing period 8 9 10 11 12
Seq. Inventory Growth 3.62 % 0.54 % -50.63 % -12.14 % 7.33 %
Seq. Cost of Sales Growth -2.07 % -5.32 % -9.62 % 10.72 % -25.76 %




Inventory Turnover Ratio Company Ranking
Within: No.
Internet Services & Social Media Industry # 1
Technology Sector # 14
Overall Market # 94

Inventory Turnover Ratio Statistics
High Average Low
261.2 70.66 7.87
(Sep 30 2019)   (Sep 30 2018)



GROM Company Profile >> Back to GROM Efficiency Comparisons >> Compare GROM Inventory Turnover Ratio to its Competitors

Financial Statements
Grom Social Enterprises Inc 's Inventories $ 0 Millions Visit GROM's Balance sheet
Grom Social Enterprises Inc 's Cost of Revenues TTM $ 3 Millions Visit GROM's Income Statement
What are GROM's Sales? Visit GROM's Sales by Segment

Other Inventory Turnover Ratios
Grom Social Enterprises Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Internet Services & Social Media Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
GROM's Inventory Turnover Ratio versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for GROM's Competitors
Inventory Turnover Ratio for GROM's Suppliers
Inventory Turnover Ratio for GROM's Customers

You may also want to know
GROM's Sales Growth Rates GROM's Pe Price to earnings ratio GROM's Receivables Turnover Ratio GROM's Stock Quote
GROM's Net Income Growth Rates GROM's Ps Price to Sales ratio GROM's Sales per Employee GROM's Asset Turnover Ratio
GROM's Net Margin GROM's Pb Price to Book ratio GROM's Financial Strength Ratios GROM's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Mar 31 2024 Inventories at quarter ending Mar 31 2024
Secureworks Corp  155.67 $ 131.662  Millions$ 1  Millions
Wetouch Technology Inc  136.52 $ 26.660  Millions$ 0  Millions
Datasea Inc  107.96 $ 23.053  Millions$ 0  Millions
Vizio Holding Corp   91.23 $ 1,313.700  Millions$ 14  Millions
Unisys Corp  86.05 $ 1,458.500  Millions$ 17  Millions
Teradata Corporation  63.04 $ 725.000  Millions$ 12  Millions
Intellinetics Inc   58.84 $ 5.459  Millions$ 0  Millions
Telos Corporation  58.38 $ 82.260  Millions$ 1  Millions
Grom Social Enterprises Inc   48.20 $ 2.627  Millions$ 0  Millions
Leidos Holdings Inc   43.23 $ 13,327.000  Millions$ 308  Millions
Presto Automation inc   42.17 $ 17.312  Millions$ 0  Millions
Tucows Inc  38.59 $ 274.631  Millions$ 7  Millions
Apple Inc   31.65 $ 207,657.000  Millions$ 6,561  Millions
Microsoft Corporation  30.62 $ 71,225.000  Millions$ 2,326  Millions
Toast Inc   29.00 $ 3,212.000  Millions$ 111  Millions
Titan Environmental Solutions Inc.  23.11 $ 6.765  Millions$ 0  Millions
Ftc Solar Inc   21.08 $ 97.241  Millions$ 5  Millions
International Business Machines Corporation  20.89 $ 27,536.000  Millions$ 1,318  Millions
Decisionpoint Systems Inc   19.62 $ 43.035  Millions$ 2  Millions
Onfolio Holdings Inc   18.88 $ 1.971  Millions$ 0  Millions
Alpha And Omega Semiconductor Limited  18.27 $ 481.656  Millions$ 26  Millions
Verint Systems Inc  18.20 $ 271.171  Millions$ 15  Millions
Dell Technologies Inc   17.97 $ 69,034.000  Millions$ 3,842  Millions
Franklin Wireless Corp   17.53 $ 36.381  Millions$ 2  Millions
Roper Technologies Inc   15.81 $ 1,917.900  Millions$ 121  Millions
Track Group Inc   15.56 $ 18.760  Millions$ 1  Millions
Franklin Covey Co   15.46 $ 66.466  Millions$ 4  Millions
Birchtech Corp   15.43 $ 12.290  Millions$ 1  Millions
Nxp Semiconductors N v   15.43 $ 5,715.000  Millions$ 371  Millions
Skywater Technology Inc   15.37 $ 244.299  Millions$ 16  Millions

Date modified: 2026-09-08T15:22:12+00:00




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