StealthGas (StealthGas) Change In Inventory : $1.4 Mil (TTM As of Dec. 2023)

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What is StealthGas Change In Inventory?

StealthGas's change in inventory for the quarter that ended in Dec. 2023 was $-0.1 Mil. It means StealthGas's inventory increased by $0.1 Mil from Sep. 2023 to Dec. 2023 .

StealthGas's change in inventory for the fiscal year that ended in Dec. 2022 was $-0.8 Mil. It means StealthGas's inventory increased by $0.8 Mil from Dec. 2021 to Dec. 2022 .

StealthGas's Total Inventories for the quarter that ended in Dec. 2023 was $2.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. StealthGas's Days Inventory for the quarter that ended in Dec. 2023 was 8.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. StealthGas's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.40.

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. StealthGas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

StealthGas Change In Inventory Historical Data

The historical data trend for StealthGas'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.

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StealthGas Change In Inventory Chart

StealthGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.62

-1.24

0.64

-0.82

1.37

StealthGas 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															1.97	0.76	0.31	0.43	-0.14

StealthGas 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 $1.4 Mil.

StealthGas (NAS:GASS) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.912	/	21.797	*	365 / 4
	=	8.00

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	21.797	/	1.912
	=	11.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.912	/	34.139
	=	0.06

StealthGas Change In Inventory Related Terms

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StealthGas (StealthGas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » StealthGas Inc (NAS:GASS) » Definitions » Change In Inventory

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S6W:Germany S6W:Germany

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.stealthgas.com

StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders worldwide. The company carriers carry various petroleum gas products in liquefied forms, such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

Executives

Glendon Opportunities Fund, L.p.	10 percent owner	MAPLES CORPORATE SERVICES LTD., UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Glendon Capital Management Lp	10 percent owner	2425 OLYMPIC BLVD, SUITE 500E, SANTA MONICA CA 90404