Gilat Telecom Global (XTAE:GLTL) Inventory Turnover : 10.33 (As of Mar. 2024)

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What is Gilat Telecom Global 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. Gilat Telecom Global's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪46.6 Mil. Gilat Telecom Global's Average Total Inventories for the quarter that ended in Mar. 2024 was ₪4.5 Mil. Gilat Telecom Global's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gilat Telecom Global's Days Inventory for the three months ended in Mar. 2024 was 8.84.

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. Gilat Telecom Global's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Gilat Telecom Global Inventory Turnover Historical Data

The historical data trend for Gilat Telecom Global'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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Gilat Telecom Global Inventory Turnover Chart

Gilat Telecom Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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100.36

77.22

91.56

56.28

38.46

Gilat Telecom Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															9.56	7.86	6.40	10.09	10.33

Gilat Telecom Global Inventory Turnover Calculation

Gilat Telecom Global'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 )
=	160.667	/ (	(3.062	+	5.293)	/	2 )
=	160.667	/	4.1775
=	38.46

Gilat Telecom Global's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	46.564	/ (	(5.293	+	3.725)	/	2 )
=	46.564	/	4.509
=	10.33

Gilat Telecom Global (XTAE:GLTL) 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.

Gilat Telecom Global's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4.509	/	46.564	*	365 / 4
	=	8.84

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.

Gilat Telecom Global's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.509	/	57.67
	=	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.

Gilat Telecom Global Inventory Turnover Related Terms

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Gilat Telecom Global (XTAE:GLTL) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gilat Telecom Global Ltd (XTAE:GLTL) » Definitions » Inventory Turnover

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Address

21 Yegia Kapayim Street, P O Box 7144, Petach-Tikva, ISR, 4913020

Website

https://www.gilat.net

Gilat Telecom Global Ltd is engaged in providing end-to-end communication solutions including bandwidth and connectivity over satellite, fiber optic, and radio infrastructure to cellular operators, Internet providers, enterprises, government organizations, and emergency and rescue services in Africa and the middle east.

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