Ardmore Shipping (Ardmore Shipping) Change In Inventory : $3.2 Mil (TTM As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Ardmore Shipping Change In Inventory?

Ardmore Shipping's change in inventory for the quarter that ended in Dec. 2023 was $2.3 Mil. It means Ardmore Shipping's inventory declined by $2.3 Mil from Sep. 2023 to Dec. 2023 .

Ardmore Shipping's change in inventory for the fiscal year that ended in Dec. 2023 was $3.2 Mil. It means Ardmore Shipping's inventory declined by $3.2 Mil from Dec. 2022 to Dec. 2023 .

Ardmore Shipping's Total Inventories for the quarter that ended in Dec. 2023 was $12.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ardmore Shipping's Days Inventory for the quarter that ended in Dec. 2023 was 29.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ardmore Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.13.

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. Ardmore Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Ardmore Shipping Change In Inventory Historical Data

The historical data trend for Ardmore Shipping's Change In Inventory 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.

Ardmore Shipping Change In Inventory Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

2.65

-0.12

-0.82

-4.62

3.16

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															3.46	1.18	0.32	-0.68	2.34

Ardmore Shipping Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.2 Mil.

Ardmore Shipping (NYSE:ASC) Change In Inventory Explanation

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

Ardmore Shipping's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	13.7265	/	43.031	*	365 / 4
	=	29.11

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.031	/	13.7265
	=	3.13

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.7265	/	98.879
	=	0.14

Ardmore Shipping Change In Inventory Related Terms

Thank you for viewing the detailed overview of Ardmore Shipping's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.