GTMAY (Grupo TMM) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is Grupo TMM 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. Grupo TMM's Cost of Goods Sold for the three months ended in Sep. 2024 was $22.11 Mil. Grupo TMM's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grupo TMM's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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. Grupo TMM's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

Grupo TMM Inventory Turnover Historical Data

The historical data trend for Grupo TMM'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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Grupo TMM Inventory Turnover Chart

Grupo TMM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.93

16.35

18.35

23.12

23.00

Grupo TMM Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															-	3.98	7.34	-	-

Grupo TMM Inventory Turnover Calculation

Grupo TMM'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 )
=	59.701	/ (	(2.629	+	2.563)	/	2 )
=	59.701	/	2.596
=	23.00

Grupo TMM's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	22.113	/ (	(0	+	0)	/	1 )
=	22.113	/	0
=	N/A

Grupo TMM (OTCPK:GTMAY) 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.

Grupo TMM's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	22.113	*	365 / 4
	=	0.00

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.

Grupo TMM's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	25.632
	=	0.00

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.

Grupo TMM Inventory Turnover Related Terms

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Grupo TMM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo TMM SA (OTCPK:GTMAY) » Definitions » Inventory Turnover

Traded in Other Exchanges

TMMA:Mexico

Address

Lago Alberto No. 442, P.5., Colonia Anahuac, Mexico, MEX, 11320

Website

https://www.tmm.com.mx

Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments namely the Maritime division, maritime infrastructure division, Logistics Ports, and terminals division and Warehousing division. The Maritime division includes transportation of bulk liquid products, materials, provisions for drilling platforms, and towing services for ships. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities.

Grupo TMM Headlines

From GuruFocus

Grupo TMM Announces That Its 2020 Annual Report and First Quarter of 2021 Results Will Be Published in May

By Marketwired Marketwired • 04-29-2021

Vanessa Serrano Cuevas Acquires Shares by Donation

By GlobeNewswire GlobeNewswire • 01-19-2021

Grupo TMM Announces Appointment of Vanessa Serrano Cuevas as Its New Chief Executive Officer

By Marketwired Marketwired • 09-03-2020

Grupo TMM Announces Changes in Its Organizational Structure

By GlobeNewswire GlobeNewswire • 01-13-2021

Grupo TMM Announces Changes in Its Organizational Structure

By Marketwired Marketwired • 01-13-2021

Vanessa Serrano Cuevas Acquires Shares by Donation

By Marketwired Marketwired • 01-19-2021