Gulf Navigation Holding PJSC (DFM:GULFNAV) Inventory Turnover : 3.28 (As of Mar. 2024)

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What is Gulf Navigation Holding PJSC 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. Gulf Navigation Holding PJSC's Cost of Goods Sold for the three months ended in Mar. 2024 was د.إ29.79 Mil. Gulf Navigation Holding PJSC's Average Total Inventories for the quarter that ended in Mar. 2024 was د.إ9.09 Mil. Gulf Navigation Holding PJSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gulf Navigation Holding PJSC's Days Inventory for the three months ended in Mar. 2024 was 27.86.

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. Gulf Navigation Holding PJSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.38.

Gulf Navigation Holding PJSC Inventory Turnover Historical Data

The historical data trend for Gulf Navigation Holding PJSC'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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Gulf Navigation Holding PJSC Inventory Turnover Chart

Gulf Navigation Holding PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.97

18.78

13.34

14.39

11.25

Gulf Navigation Holding PJSC 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															4.44	2.69	2.55	1.39	3.28

Gulf Navigation Holding PJSC Inventory Turnover Calculation

Gulf Navigation Holding PJSC'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 )
=	95.921	/ (	(7.966	+	9.084)	/	2 )
=	95.921	/	8.525
=	11.25

Gulf Navigation Holding PJSC'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 )
=	29.786	/ (	(9.084	+	9.104)	/	2 )
=	29.786	/	9.094
=	3.28

Gulf Navigation Holding PJSC (DFM:GULFNAV) 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.

Gulf Navigation Holding PJSC'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
	=	9.094	/	29.786	*	365 / 4
	=	27.86

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.

Gulf Navigation Holding PJSC'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 )
	=	9.094	/	23.834
	=	0.38

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.

Gulf Navigation Holding PJSC Inventory Turnover Related Terms

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Gulf Navigation Holding PJSC (DFM:GULFNAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gulf Navigation Holding PJSC (DFM:GULFNAV) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Al Barsha 1, P.O. Box: 49651, 39th Floor, API Trio Tower, Dubai, ARE

Website

https://www.gulfnav.com

Gulf Navigation Holding PJSC is engaged in sea transport of oil and petroleum products and similar commodities, ship charter, and others. Its business segments include Vessel owning and chartering Ship management and technical management of vessels Marine products sales, and distribution that includes trading of goods such as supplies, chemicals, and gases required for ships, Shipping and technical service including providing agency services to ships calling at ports, and providing workshop services for boats, and Others that includes management of all divisions and administrative activities. The majority of the revenue is generated from the Vessel owning and chartering segment.

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