Frontline (Frontline) Days Inventory

: 67.82 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Frontline's Average Total Inventories for the three months ended in Sep. 2023 was $184 Mil. Frontline's Cost of Goods Sold for the three months ended in Sep. 2023 was $247 Mil. Hence, Frontline's Days Inventory for the three months ended in Sep. 2023 was 67.82.

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

FRO' s Days Inventory Range Over the Past 10 Years
Min: 53.54 Med: 64.44 Max: 157.64
Current: 69.17

During the past 13 years, Frontline's highest Days Inventory was 157.64. The lowest was 53.54. And the median was 64.44.

FRO's Days Inventory is ranked worse than
76.95% of 729 companies
in the Oil & Gas industry
Industry Median: 31.48 vs FRO: 69.17

Frontline's Days Inventory increased from Sep. 2022 (0.00) to Sep. 2023 (67.82). It might indicate that Frontline's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Frontline's Inventory Turnover for the three months ended in Sep. 2023 was 1.35.

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. Frontline's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.49.

Frontline Days Inventory Historical Data

The historical data trend for Frontline'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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Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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63.85

71.57

61.47

53.54

65.03

Frontline Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															-	74.41	76.99	74.93	67.82

Competitive Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.

Frontline Days Inventory Distribution

For the Oil & Gas industry and Energy sector, Frontline's Days Inventory distribution charts can be found below:

* The bar in red indicates where Frontline's Days Inventory falls into.

Frontline Days Inventory Calculation

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

Frontline's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (119.279	+	217.752)	/	2 )	/	945.878	*	365
=	168.5155					/	945.878	*	365
=	65.03

Frontline's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (211.428	+	156.402)	/	2 )	/	247.435	*	365 / 4
=	183.915					/	247.435	*	365 / 4
=	67.82

Frontline (NYSE:FRO) 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.

Frontline's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	247.435	/	183.915
	=	1.35

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.

Frontline's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.915	/	377.085
	=	0.49

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.

Frontline Days Inventory Related Terms

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

Frontline (Frontline) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (NYSE:FRO) » Definitions » Days Inventory

Comparable Companies

ETRN DTM ENLC STNG AM PAGP VNOM NS HESM INSW TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

FROo:Sweden FRO:Norway FRO1:Mexico FROo:UK 0REH:UK HF6:Germany

Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.