Marti Technologies (Marti Technologies) Inventory Turnover : 4.35 (As of Dec. 2023)

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What is Marti Technologies 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. Marti Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.98 Mil. Marti Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.98 Mil. Marti Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marti Technologies's Days Inventory for the three months ended in Dec. 2023 was 20.97.

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. Marti Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Marti Technologies Inventory Turnover Historical Data

The historical data trend for Marti Technologies'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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Marti Technologies Inventory Turnover Chart

Marti Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

125.24

35.96

13.88

9.18

Marti Technologies Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			4.91	-	5.14	-	4.35

Marti Technologies Inventory Turnover Calculation

Marti Technologies'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 )
=	24.603	/ (	(3.036	+	2.325)	/	2 )
=	24.603	/	2.6805
=	9.18

Marti Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12.978	/ (	(3.64	+	2.325)	/	2 )
=	12.978	/	2.9825
=	4.35

Marti Technologies (AMEX:MRT) 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.

Marti Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2.9825	/	12.978	*	365 / 4
	=	20.97

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.

Marti Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2.9825	/	10.299
	=	0.29

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.

Marti Technologies Inventory Turnover Related Terms

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Marti Technologies (Marti Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Marti Technologies Inc (AMEX:MRT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 S Street NW, Suite 320, Washington, DC, USA, 20009

Website

https://www.marti.tech

Marti Technologies Inc is a mobility app, operating a fleet of over 48,000 e-mopeds, e-bikes, and e-scooters, serviced by proprietary software systems and IoT infrastructure.

Executives

Adam S Metz	director	110 NORTH WACKER DRIVE, CHICAGO IL 60606
Shelley Guiley	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Kemal Kaya	director, officer: Chief Executive Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Michael Tanzer	officer: Chief Financial Officer	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Daniel Freifeld	director, 10 percent owner, officer: President and CIO	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009
Galata Acquisition Sponsor Llc	10 percent owner	2001 S STREET NW, SUITE 320, WASHINGTON DC 20009
Timothy Michael Shannon	director	2001 S STREET NW, SUITE 320, C/O GALATA ACQUISITION CORP., WASHINGTON DC 20009