Diana Shipping (Diana Shipping) Days Inventory

: 12.69 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Diana Shipping's Average Total Inventories for the three months ended in Dec. 2023 was $5.1 Mil. Diana Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $36.4 Mil. Hence, Diana Shipping's Days Inventory for the three months ended in Dec. 2023 was 12.69.

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

DSX' s Days Inventory Range Over the Past 10 Years
Min: 11.41 Med: 13.6 Max: 16.32
Current: 11.64

During the past 13 years, Diana Shipping's highest Days Inventory was 16.32. The lowest was 11.41. And the median was 13.60.

DSX's Days Inventory is ranked worse than
50.7% of 781 companies
in the Transportation industry
Industry Median: 11.52 vs DSX: 11.64

Diana Shipping's Days Inventory increased from Dec. 2022 (11.99) to Dec. 2023 (12.69). It might indicate that Diana Shipping's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Diana Shipping's Inventory Turnover for the three months ended in Dec. 2023 was 7.19.

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. Diana Shipping's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

Diana Shipping Days Inventory Historical Data

The historical data trend for Diana Shipping'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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Diana Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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13.55

13.13

16.32

15.87

11.77

Diana Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.99	11.14	10.70	11.84	12.69

Competitive Comparison

For the Marine Shipping subindustry, Diana Shipping'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.

Diana Shipping Days Inventory Distribution

For the Transportation industry and Industrials sector, Diana Shipping's Days Inventory distribution charts can be found below:

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

Diana Shipping Days Inventory Calculation

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

Diana Shipping'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
=	( (4.545	+	5.056)	/	2 )	/	148.892	*	365
=	4.8005					/	148.892	*	365
=	11.77

Diana Shipping'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.056)	/	1 )	/	36.354	*	365 / 4
=	5.056					/	36.354	*	365 / 4
=	12.69

Diana Shipping (NYSE:DSX) 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.

Diana Shipping's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36.354	/	5.056
	=	7.19

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.

Diana Shipping's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.056	/	60.016
	=	0.08

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.

Diana Shipping Days Inventory Related Terms

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

Diana Shipping (Diana Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diana Shipping Inc (NYSE:DSX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

DSXpB.PFD:USA DSZ:Germany

Address

175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64

Website

https://www.dianashippinginc.com

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.