TOPS (TOP Ships) Inventory Turnover: 38.77 (As of Dec. 2025)


TOPS TOP Ships Inc TOPS
49 GF Score
Price $0.90
GF Value $4.24
Valuation Possible Value Trap
! 6 Warning Signs
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What is TOP Ships Inventory Turnover?

TOP Ships TOPS +0.67% 49 Inventory Turnover is 38.77 as of Dec. 2025. GuruFocus rates TOPS with a GF Score™ of 49/100 and a GF Value™ of $4.24 (Possible Value Trap). The stock has 6 warning signs investors should review.

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. TOP Ships's Cost of Goods Sold for the six months ended in Dec. 2025 was $30.18 Mil. TOP Ships's Average Total Inventories for the quarter that ended in Dec. 2025 was $0.78 Mil. TOP Ships's Inventory Turnover for the quarter that ended in Dec. 2025 was 38.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TOP Ships's Days Inventory for the six months ended in Dec. 2025 was 4.71.

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. TOP Ships's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.02.

TOP Ships  (AMEX:TOPS) 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.

TOP Ships's Days Inventory for the six months ended in Dec. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=0.7785/30.184*365 / 2
=4.71

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.

TOP Ships's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=0.7785 / 36.604
=0.02

* 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.

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.

TOP Ships Inventory Turnover Related Terms

TOP Ships Inventory Turnover Historical Data

* Premium members only.

The historical data trend for TOP 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.

TOP Ships Inventory Turnover Chart

TOP Ships Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.54 52.33 46.70 51.05 56.20

TOP Ships Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.42 17.63 33.25 13.45 38.77
TOPS
49GF Score
TOP Ships Inc TOPS
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Ships Inventory Turnover Calculation

TOP Ships's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=43.468 / ((0.983 + 0.564) / 2 )
=43.468 / 0.7735
=56.20

TOP Ships's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover (Q: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2025 ) / ((Total Inventories (Q: Jun. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count )
=30.184 / ((0.993 + 0.564) / 2 )
=30.184 / 0.7785
=38.77

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 38.77 mean?
TOP Ships (TOPS) has a Inventory Turnover of 38.77 as of Dec. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on TOP Ships and its competitors.
Is TOP Ships' Inventory Turnover too high?
TOP Ships' current Inventory Turnover is 38.77. Overall, TOP Ships has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TOP Ships' Inventory Turnover compare to RBNE and CWPE?
TOP Ships' Inventory Turnover of 38.77 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Oil & Gas company?
A good Inventory Turnover depends on the Oil & Gas industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on TOP Ships and its competitors. TOP Ships's current Inventory Turnover is 38.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Ships stock overvalued right now?
Based on GuruFocus' analysis, TOP Ships (TOPS) is currently considered Possible Value Trap. The stock's GF Value™ is $4.24, compared to a current price of $0.90 — trading 78.8% below its estimated fair value. The current Inventory Turnover is 38.77. TOP Ships' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For TOP Ships (TOPS), the current Inventory Turnover is 38.77 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TOP Ships (TOPS) Overvalued in 2026?

Based on GuruFocus' analysis, TOP Ships stock appears to be undervalued. The current stock price of $0.90 is trading 78.8% below its estimated GF Value™ of $4.24. GuruFocus considers TOP Ships to be Possible Value Trap.

Key valuation signals for TOPS:

  • Inventory Turnover: 38.77
  • GF Value™: $4.24 vs. price of $0.90 (78.8% below fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the TOPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOP Ships Business Description

Industry EnergyOil & Gas
Other Exchanges UER0:Germany
Address 20 Iouliou Kaisara Street, Paiania, Athens, GRC, 19002
TOP Ships Inc owns tanker vessels throughout the world. The Company is an international owner and operator of modern, fuel-efficient eco-tanker vessels, focusing on the transportation of crude oil, petroleum products (both clean and dirty), and bulk liquid chemicals. It generates revenue from the Time Charter agreements. The company operates in two reportable segments: (i) the tanker segment and (ii) the megayacht segment.
49GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.90
Price
$4.24
GF Value