Galata Investment Co AD (XBUL:GTH) Inventory Turnover : 0.01 (As of Mar. 2024)

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What is Galata Investment Co AD 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. Galata Investment Co AD's Cost of Goods Sold for the three months ended in Mar. 2024 was лв0.02 Mil. Galata Investment Co AD's Average Total Inventories for the quarter that ended in Mar. 2024 was лв1.49 Mil. Galata Investment Co AD's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Galata Investment Co AD's Days Inventory for the three months ended in Mar. 2024 was 7,131.91.

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. Galata Investment Co AD's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 17.68.

Galata Investment Co AD Inventory Turnover Historical Data

The historical data trend for Galata Investment Co AD'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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Galata Investment Co AD Inventory Turnover Chart

Galata Investment Co AD Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.10

0.07

0.03

Galata Investment Co AD Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.10	-0.09	0.01	-	0.01

Galata Investment Co AD Inventory Turnover Calculation

Galata Investment Co AD'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 )
=	0.003	/ (	(0.187	+	1.485)	/	2 )
=	0.003	/	0.836
=	0.00

Galata Investment Co AD's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.019	/ (	(1.485	+	1.485)	/	2 )
=	0.019	/	1.485
=	0.01

Galata Investment Co AD (XBUL:GTH) 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.

Galata Investment Co AD's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.485	/	0.019	*	365 / 4
	=	7,131.91

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.

Galata Investment Co AD's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.485	/	0.084
	=	17.68

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.

Galata Investment Co AD Inventory Turnover Related Terms

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Galata Investment Co AD (XBUL:GTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Galata Investment Co AD (XBUL:GTH) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

1 Georgi Stamatov Street, Asparuhovo, Varna, BGR, 9003

Website

http://www.gic.bg

Galata Investment Co AD is engaged in the real estate sector. The company is engaged in the buying and selling real estate and letting of its own real estates.