Globus Maritime (Globus Maritime) Inventory Turnover : 5.72 (As of Dec. 2023)

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What is Globus Maritime 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. Globus Maritime's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.33 Mil. Globus Maritime's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.28 Mil. Globus Maritime's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Globus Maritime's Days Inventory for the three months ended in Dec. 2023 was 15.95.

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. Globus Maritime's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Globus Maritime Inventory Turnover Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Inventory Turnover Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.78

11.33

21.95

18.09

14.43

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.94	2.83	3.63	3.78	5.72

Globus Maritime Inventory Turnover Calculation

Globus Maritime'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 )
=	30.907	/ (	(3.028	+	1.256)	/	2 )
=	30.907	/	2.142
=	14.43

Globus Maritime'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7.33	/ (	(1.307	+	1.256)	/	2 )
=	7.33	/	1.2815
=	5.72

Globus Maritime (NAS:GLBS) 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.

Globus Maritime's Days Inventory for the three 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
	=	1.2815	/	7.33	*	365 / 4
	=	15.95

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.

Globus Maritime'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 )
	=	1.2815	/	7.11
	=	0.18

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.

Globus Maritime Inventory Turnover Related Terms

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Globus Maritime (Globus Maritime) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globus Maritime Ltd (NAS:GLBS) » Definitions » Inventory Turnover

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0G93:Germany

Address

128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Athens, GRC, 166 74

Website

http://www.globusmaritime.gr

Globus Maritime Ltd is a dry bulk shipping company that provides marine transportation services internationally. The company owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargo. Its operations are managed by its subsidiary which also provides in-house commercial and technical management for its vessels and also offers consulting services for an affiliated ship management company. It generates maximum revenues by charging customers for the use of vessels to transport dry bulk commodities.