Globus Maritime (Globus Maritime) Change In Inventory : $0.00 Mil (TTM As of Dec. 2023)

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What is Globus Maritime Change In Inventory?

Globus Maritime's change in inventory for the quarter that ended in Dec. 2023 was $0.00 Mil. It means Globus Maritime's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Globus Maritime's change in inventory for the fiscal year that ended in Dec. 2023 was $1.77 Mil. It means Globus Maritime's inventory declined by $1.77 Mil from Dec. 2022 to Dec. 2023 .

Globus Maritime's Total Inventories for the quarter that ended in Dec. 2023 was $1.26 Mil.

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 quarter that ended in Dec. 2023 was 15.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. Globus Maritime's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.72.

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 Change In Inventory Historical Data

The historical data trend for Globus Maritime'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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Globus Maritime Change In Inventory Chart

Globus Maritime Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.90

0.30

0.40

-2.18

1.77

Globus Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-1.43	-	-	-	-

Globus Maritime 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Globus Maritime (NAS:GLBS) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.2815	/	7.33	*	365 / 4
	=	15.95

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

Globus Maritime's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.33	/	1.2815
	=	5.72

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.

Globus Maritime's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.2815	/	7.11
	=	0.18

Globus Maritime Change In Inventory 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 » Change In Inventory

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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.