Great Lakes Dredge & Dock (FRA:5GL) Change In Inventory : €-4.0 Mil (TTM As of Jun. 2024)

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What is Great Lakes Dredge & Dock Change In Inventory?

Great Lakes Dredge & Dock's change in inventory for the quarter that ended in Jun. 2024 was €2.7 Mil. It means Great Lakes Dredge & Dock's inventory declined by €2.7 Mil from Mar. 2024 to Jun. 2024 .

Great Lakes Dredge & Dock's change in inventory for the fiscal year that ended in Dec. 2023 was €-10.1 Mil. It means Great Lakes Dredge & Dock's inventory increased by €10.1 Mil from Dec. 2022 to Dec. 2023 .

Great Lakes Dredge & Dock's Total Inventories for the quarter that ended in Jun. 2024 was €29.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Great Lakes Dredge & Dock's Days Inventory for the quarter that ended in Jun. 2024 was 20.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Great Lakes Dredge & Dock's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.40.

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. Great Lakes Dredge & Dock's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.19.

Great Lakes Dredge & Dock Change In Inventory Historical Data

The historical data trend for Great Lakes Dredge & Dock'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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Great Lakes Dredge & Dock Change In Inventory Chart

Great Lakes Dredge & Dock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.75

-1.96

-2.40

-13.46

-10.09

Great Lakes Dredge & Dock Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Inventory	Get a 7-Day Free Trial															-1.49	-4.66	-0.59	-1.42	2.72

Great Lakes Dredge & Dock 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-4.0 Mil.

Great Lakes Dredge & Dock (FRA:5GL) Change In Inventory Explanation

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

Great Lakes Dredge & Dock's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	29.579	/	130.289	*	365 / 4
	=	20.72

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

Great Lakes Dredge & Dock's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	130.289	/	29.579
	=	4.40

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.

Great Lakes Dredge & Dock's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29.579	/	158.01
	=	0.19

Great Lakes Dredge & Dock Change In Inventory Related Terms

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Great Lakes Dredge & Dock Business Description

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GLDD:USA

Address

9811 Katy Freeway, Suite 1200, Houston, TX, USA, 77024

Website

https://www.gldd.com

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Ports and Harbors, International, and Inland Dredging.

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