Global Industrial Co (FRA:GML0) Change In Inventory : €7 Mil (TTM As of Mar. 2024)

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What is Global Industrial Co Change In Inventory?

Global Industrial Co's change in inventory for the quarter that ended in Mar. 2024 was €-11 Mil. It means Global Industrial Co's inventory increased by €11 Mil from Dec. 2023 to Mar. 2024 .

Global Industrial Co's change in inventory for the fiscal year that ended in Dec. 2023 was €31 Mil. It means Global Industrial Co's inventory declined by €31 Mil from Dec. 2022 to Dec. 2023 .

Global Industrial Co's Total Inventories for the quarter that ended in Mar. 2024 was €150 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Industrial Co's Days Inventory for the quarter that ended in Mar. 2024 was 67.23.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.36.

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. Global Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Global Industrial Co Change In Inventory Historical Data

The historical data trend for Global Industrial Co's Change In Inventory 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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Global Industrial Co Change In Inventory Chart

Global Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-4.50

-16.19

-35.84

-6.61

30.54

Global Industrial Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															12.42	11.35	9.56	-2.29	-11.22

Global Industrial Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €7 Mil.

Global Industrial Co (FRA:GML0) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Global Industrial Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	144.03	/	195.5	*	365 / 4
	=	67.23

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Global Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	195.5	/	144.03
	=	1.36

3. 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.

Global Industrial Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	144.03	/	297.528
	=	0.48

Global Industrial Co Change In Inventory Related Terms

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Global Industrial Co (FRA:GML0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Global Industrial Co (FRA:GML0) » Definitions » Change In Inventory

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Traded in Other Exchanges

GIC:USA

Address

11 Harbor Park Drive, Port Washington, NY, USA, 11050

Website

https://investors.globalindustrial.com

Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.

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