Belships ASA (LTS:0DQB) Inventory Turnover : 9.67 (As of Sep. 2024)

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What is Belships ASA 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. Belships ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was kr717 Mil. Belships ASA's Average Total Inventories for the quarter that ended in Sep. 2024 was kr74 Mil. Belships ASA's Inventory Turnover for the quarter that ended in Sep. 2024 was 9.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Belships ASA's Days Inventory for the three months ended in Sep. 2024 was 9.44.

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. Belships ASA's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.08.

Belships ASA Inventory Turnover Historical Data

The historical data trend for Belships ASA'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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Belships ASA Inventory Turnover Chart

Belships ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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28.97

38.49

59.67

50.68

39.60

Belships ASA 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															9.73	16.27	11.64	6.39	9.67

Belships ASA Inventory Turnover Calculation

Belships ASA'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 )
=	4658.446	/ (	(144.99	+	90.261)	/	2 )
=	4658.446	/	117.6255
=	39.60

Belships ASA'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 )
=	717.079	/ (	(54.446	+	93.851)	/	2 )
=	717.079	/	74.1485
=	9.67

Belships ASA (LTS:0DQB) 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.

Belships ASA'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
	=	74.1485	/	717.079	*	365 / 4
	=	9.44

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.

Belships ASA'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 )
	=	74.1485	/	914.16
	=	0.08

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.

Belships ASA Inventory Turnover Related Terms

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Belships ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Belships ASA (LTS:0DQB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BESHF:USA BELO:Sweden BELCO:Norway NS6:Germany

Address

Lilleakerveien 6D, 7th floor, Oslo, NOR, N-0283

Website

https://www.belships.com

Belships ASA is a fully integrated owner and operator of dry bulk ships. The company also provides commercial and technical ship management services. The Group is divided into the operating segments of Belships and Lighthouse Navigation. The operating segments have world-wide activities. Shipping, in general, offers a world-wide service covering trade routes across globe. It generates maximum revenue from Lighthouse Navigation.

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