Piraeus Port Authority (ATH:PPA) Days Inventory : 15.13 (As of Dec. 2023)

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What is Piraeus Port Authority Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Piraeus Port Authority's Average Total Inventories for the six months ended in Dec. 2023 was €3.7 Mil. Piraeus Port Authority's Cost of Goods Sold for the six months ended in Dec. 2023 was €44.9 Mil. Hence, Piraeus Port Authority's Days Inventory for the six months ended in Dec. 2023 was 15.13.

The historical rank and industry rank for Piraeus Port Authority's Days Inventory or its related term are showing as below:

ATH:PPA' s Days Inventory Range Over the Past 10 Years
Min: 9.74 Med: 13.19 Max: 17.32
Current: 15.14

During the past 13 years, Piraeus Port Authority's highest Days Inventory was 17.32. The lowest was 9.74. And the median was 13.19.

ATH:PPA's Days Inventory is ranked worse than
58.87% of 778 companies
in the Transportation industry
Industry Median: 11.545 vs ATH:PPA: 15.14

Piraeus Port Authority's Days Inventory increased from Dec. 2022 (14.54) to Dec. 2023 (15.13). It might indicate that Piraeus Port Authority's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Piraeus Port Authority's Inventory Turnover for the six months ended in Dec. 2023 was 12.06.

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. Piraeus Port Authority's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Piraeus Port Authority Days Inventory Historical Data

The historical data trend for Piraeus Port Authority's Days 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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Piraeus Port Authority Days Inventory Chart

Piraeus Port Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.12

17.32

16.60

14.98

15.61

Piraeus Port Authority Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															16.41	14.39	14.54	14.68	15.13

Competitive Comparison of Piraeus Port Authority's Days Inventory

For the Marine Shipping subindustry, Piraeus Port Authority's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Piraeus Port Authority's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Piraeus Port Authority's Days Inventory distribution charts can be found below:

* The bar in red indicates where Piraeus Port Authority's Days Inventory falls into.

Piraeus Port Authority Days Inventory Calculation

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

Piraeus Port Authority's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.523	+	4.019)	/	2 )	/	88.197	*	365
=	3.771					/	88.197	*	365
=	15.61

Piraeus Port Authority's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.434	+	4.019)	/	2 )	/	44.943	*	365 / 2
=	3.7265					/	44.943	*	365 / 2
=	15.13

Piraeus Port Authority (ATH:PPA) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Piraeus Port Authority's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	44.943	/	3.7265
	=	12.06

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.

Piraeus Port Authority's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.7265	/	117.403
	=	0.03

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Piraeus Port Authority Days Inventory Related Terms

Thank you for viewing the detailed overview of Piraeus Port Authority's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Piraeus Port Authority (ATH:PPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Piraeus Port Authority SA (ATH:PPA) » Definitions » Days Inventory

Traded in Other Exchanges

PZE:Germany

Address

10 Akti Miaouli street, Piraeus, GRC, 18538

Website

https://www.olp.gr

Piraeus Port Authority SA is engaged in the management and operation of Piraeus port. The main activities of the company are anchoring services of vessels, handling cargo, loading and unloading services as well as goods storage and car transportation. The company is also responsible for the maintenance of port facilities, the supply of port services (water, electricity, telephone connection, and supply), for services provided to travelers (coastal and cruise ships), and for renting space to third parties. Business operating segments include Container Terminal, Car Terminal, Coasting, Cruise, Ship repairing, and Other segments which include water supply, space management, and merchandise management. Substantial revenue is derived from the Container Terminal segment.