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GLTK (GlobalTech) Change In Inventory : $0.02 Mil (TTM As of Dec. 2024)


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What is GlobalTech Change In Inventory?

GlobalTech's change in inventory for the quarter that ended in Dec. 2024 was $0.02 Mil. It means GlobalTech's inventory declined by $0.02 Mil from Sep. 2024 to Dec. 2024 .

GlobalTech's change in inventory for the fiscal year that ended in Dec. 2024 was $0.02 Mil. It means GlobalTech's inventory declined by $0.02 Mil from Dec. 2023 to Dec. 2024 .

GlobalTech's Total Inventories for the quarter that ended in Dec. 2024 was $0.84 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GlobalTech's Days Inventory for the quarter that ended in Dec. 2024 was 17.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. GlobalTech's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.21.

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. GlobalTech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.17.

GlobalTech Change In Inventory Historical Data

The historical data trend for GlobalTech'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.

* Premium members only.

GlobalTech Change In Inventory Chart

GlobalTech Annual Data
Trend Dec22 Dec23 Dec24
Change In Inventory
0.26 0.21 0.02

GlobalTech Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.04 -0.01 - - 0.02

GlobalTech 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.02 Mil.

* 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.

GlobalTech  (OTCPK:GLTK) Change In Inventory Explanation

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

GlobalTech's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=0.849/4.421*365 / 4
=17.52

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

GlobalTech's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=4.421 / 0.849
=5.21

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.

GlobalTech's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.849 / 4.973
=0.17

* 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.

GlobalTech Change In Inventory Related Terms

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GlobalTech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GlobalTech Corp (OTCPK:GLTK) » Definitions » Change In Inventory
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Traded in Other Exchanges
N/A
Address
3550 Barron Way, Suite 13a, Reno, NV, USA, 89511
Website
https://www.globaltechcorporation.com
GlobalTech Corp is a company that operates through its subsidiaries and is involved in communications and broadband business in the country of Pakistan. The company sells digital television, analog cable television, and broadband internet services to consumers and businesses.