Glacier Media (Glacier Media) Inventory Turnover : 79.70 (As of Mar. 2024)

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What is Glacier Media 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. Glacier Media's Cost of Goods Sold for the three months ended in Mar. 2024 was $18.8 Mil. Glacier Media's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.2 Mil. Glacier Media's Inventory Turnover for the quarter that ended in Mar. 2024 was 79.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Glacier Media's Days Inventory for the three months ended in Mar. 2024 was 1.14.

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. Glacier Media's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Glacier Media Inventory Turnover Historical Data

The historical data trend for Glacier Media'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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Glacier Media Inventory Turnover Chart

Glacier Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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60.59

44.56

45.37

43.69

69.27

Glacier Media 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															12.32	15.11	23.55	61.78	79.70

Glacier Media Inventory Turnover Calculation

Glacier Media'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 )
=	86.031	/ (	(2.248	+	0.236)	/	2 )
=	86.031	/	1.242
=	69.27

Glacier Media'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 )
=	18.81	/ (	(0.236	+	0.236)	/	2 )
=	18.81	/	0.236
=	79.70

Glacier Media (OTCPK:GLMFF) 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.

Glacier Media'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
	=	0.236	/	18.81	*	365 / 4
	=	1.14

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.

Glacier Media'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 )
	=	0.236	/	25.672
	=	0.01

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.

Glacier Media Inventory Turnover Related Terms

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Glacier Media (Glacier Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Glacier Media Inc (OTCPK:GLMFF) » Definitions » Inventory Turnover

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GVC:Canada

Address

2188 Yukon Street, Vancouver, BC, CAN, V5Y 3P1

Website

https://www.glaciermedia.ca

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company's business-to-business content, marketing solutions and data information products that are environmental, and property-related. Commodity Information includes business-to-business content, marketing solutions, and data information products that are agriculture, energy and mining-related. The Community media segment includes the company's community media assets and related digital and printing operations. It has a business presence in the US and Canada and derives most of its revenue from the Community Media segment.