RanMarine Technology BV (RanMarine Technology BV) Inventory Turnover : 0.00 (As of Jun. 2023)

View and export this data going back to 2024. Start your Free Trial

What is RanMarine Technology BV 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. RanMarine Technology BV's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.00 Mil. RanMarine Technology BV's Average Total Inventories for the quarter that ended in Jun. 2023 was $0.11 Mil. RanMarine Technology BV's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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.

RanMarine Technology BV Inventory Turnover Historical Data

The historical data trend for RanMarine Technology BV'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.

* Premium members only.

RanMarine Technology BV Inventory Turnover Chart

RanMarine Technology BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

10.66

11.78

7.46

RanMarine Technology BV Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial			-	-	-	-	-

RanMarine Technology BV Inventory Turnover Calculation

RanMarine Technology BV's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	0.25	/ (	(0.017	+	0.05)	/	2 )
=	0.25	/	0.0335
=	7.46

RanMarine Technology BV's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0	/ (	(0.05	+	0.165)	/	2 )
=	0	/	0.1075
=	0.00

RanMarine Technology BV (NAS:RAN) 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.

RanMarine Technology BV's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.1075	/	0	*	365 / 4
	=

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.

RanMarine Technology BV's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.1075	/	0
	=

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.

RanMarine Technology BV Inventory Turnover Related Terms

Thank you for viewing the detailed overview of RanMarine Technology BV's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

RanMarine Technology BV (RanMarine Technology BV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RanMarine Technology BV (NAS:RAN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.ranmarine.io

RanMarine Technology BV is a pioneering company specializing in the design and development of advanced technologies, including autonomous surface vessels (ASVs) for the efficient cleanup of pollution, bio-waste, and debris in various aquatic environments and waterways.

RanMarine Technology BV (RanMarine Technology BV) Headlines

No Headlines