CTT-Correios de Portugal (LTS:0QIM) Change In Inventory : €0.0 Mil (TTM As of Mar. 2024)

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What is CTT-Correios de Portugal Change In Inventory?

CTT-Correios de Portugal's change in inventory for the quarter that ended in Mar. 2024 was €0.0 Mil. It means CTT-Correios de Portugal's inventory stayed the same from Dec. 2023 to Mar. 2024 .

CTT-Correios de Portugal's change in inventory for the fiscal year that ended in Dec. 2023 was €0.0 Mil. It means CTT-Correios de Portugal's inventory stayed the same from Dec. 2022 to Dec. 2023 .

CTT-Correios de Portugal's Total Inventories for the quarter that ended in Mar. 2024 was €6.4 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTT-Correios de Portugal's Days Inventory for the quarter that ended in Mar. 2024 was 5.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. CTT-Correios de Portugal's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.09.

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. CTT-Correios de Portugal's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

CTT-Correios de Portugal Change In Inventory Historical Data

The historical data trend for CTT-Correios de Portugal'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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CTT-Correios de Portugal Change In Inventory Chart

CTT-Correios de Portugal Annual Data

Trend

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Change In Inventory

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CTT-Correios de Portugal Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

CTT-Correios de Portugal 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

CTT-Correios de Portugal (LTS:0QIM) Change In Inventory Explanation

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

CTT-Correios de Portugal's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.613	/	119.611	*	365 / 4
	=	5.04

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

CTT-Correios de Portugal's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	119.611	/	6.613
	=	18.09

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.

CTT-Correios de Portugal's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.613	/	254.026
	=	0.03

CTT-Correios de Portugal Change In Inventory Related Terms

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CTT-Correios de Portugal (LTS:0QIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTT-Correios de Portugal SA (LTS:0QIM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

CTTOF:USA CTT:Portugal C7T:Germany

Address

Avenida dos Combatentes 43, No.1643-0011, 4th Floor, Lisbon, PRT, 1999-001

Website

https://www.ctt.pt

CTT-Correios de Portugal SA is a logistics company domiciled in Portugal. The company organizes itself into four segments: mail, express and parcels, financial services, and bank. The mail segment, which generates a vast majority of the company's revenue, provides mail postal services to business customers, distribution of advertising materials, and postal communication solutions, among others. Express and parcels, the next largest segment, provides parcel postal and courier services. The company provides financial services such as payment processing and retail banking through both the financial services segment and the bank segment. The company earns most of its revenue domestically.

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