Harbor Star Shipping Services (PHS:TUGS) Inventory Turnover : 0.00 (As of Jun. 2024)

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What is Harbor Star Shipping Services 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. Harbor Star Shipping Services's Cost of Goods Sold for the three months ended in Jun. 2024 was ₱577 Mil. Harbor Star Shipping Services's Average Total Inventories for the quarter that ended in Jun. 2024 was ₱0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harbor Star Shipping Services's Days Inventory for the three months ended in Jun. 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. Harbor Star Shipping Services's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Harbor Star Shipping Services Inventory Turnover Historical Data

The historical data trend for Harbor Star Shipping Services'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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Harbor Star Shipping Services Inventory Turnover Chart

Harbor Star Shipping Services Annual Data

Trend

Dec14

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Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Harbor Star Shipping Services Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Harbor Star Shipping Services Inventory Turnover Calculation

Harbor Star Shipping Services'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 )
=	1806.331	/ (	(0	+	0)	/	1 )
=	1806.331	/	0
=	N/A

Harbor Star Shipping Services's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	577.441	/ (	(0	+	0)	/	1 )
=	577.441	/	0
=	N/A

Harbor Star Shipping Services (PHS:TUGS) 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.

Harbor Star Shipping Services's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0	/	577.441	*	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.

Harbor Star Shipping Services's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0	/	841.944
	=	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.

Harbor Star Shipping Services Inventory Turnover Related Terms

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Harbor Star Shipping Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Harbor Star Shipping Services Inc (PHS:TUGS) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

2224 A. Bonifacio Street, Corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233

Website

https://www.harborstar.com.ph

Harbor Star Shipping Services, Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemical, ship and crew management, diving and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management.

Harbor Star Shipping Services Headlines

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