Box Ships (Box Ships) Inventory Turnover : 11.28 (As of Dec. 2015)

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What is Box Ships 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. Box Ships's Cost of Goods Sold for the three months ended in Dec. 2015 was $20.80 Mil. Box Ships's Average Total Inventories for the quarter that ended in Dec. 2015 was $1.84 Mil. Box Ships's Inventory Turnover for the quarter that ended in Dec. 2015 was 11.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Box Ships's Days Inventory for the three months ended in Dec. 2015 was 8.09.

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. Box Ships's Inventory-to-Revenue for the quarter that ended in Dec. 2015 was 0.18.

Box Ships Inventory Turnover Historical Data

The historical data trend for Box Ships'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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Box Ships Inventory Turnover Chart

Box Ships Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Inventory Turnover

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13.85

10.13

17.68

20.61

12.54

Box Ships Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Dec16
Inventory Turnover	Get a 7-Day Free Trial															2.75	-	-	11.28	-

Box Ships Inventory Turnover Calculation

Box Ships's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

	Inventory Turnover (A: Dec. 2016 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2016 )	/ (	(Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )
=	23.119	/ (	(1.844	+	0)	/	1 )
=	23.119	/	1.844
=	12.54

Box Ships's Inventory Turnover for the quarter that ended in Dec. 2015 is calculated as

	Inventory Turnover (Q: Dec. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2015 )	/ (	(Total Inventories (Q: Sep. 2015 )	+	Total Inventories (Q: Dec. 2015 ))	/	count )
=	20.798	/ (	(0	+	1.844)	/	1 )
=	20.798	/	1.844
=	11.28

Box Ships (OTCPK:TEUFF) 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.

Box Ships's Days Inventory for the three months ended in Dec. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2015 )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
	=	1.844	/	20.798	*	365 / 4
	=	8.09

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.

Box Ships's Inventory to Revenue for the quarter that ended in Dec. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2015 )	/	Revenue (Q: Dec. 2015 )
	=	1.844	/	10.153
	=	0.18

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.

Box Ships Inventory Turnover Related Terms

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Box Ships (Box Ships) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Box Ships Inc (OTCPK:TEUFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Karamanli Avenue, Voula, GRC, GR 16673

Website

http://www.box-ships.com

Box Ships Inc is a shipping company specializing in the transportation of containers and the provision of commercial management services to shipping companies. The time charter generates maximum revenue for the company.

Box Ships (Box Ships) Headlines

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