Nordic American Tankers (Nordic American Tankers) Days Inventory

: 39.12 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Nordic American Tankers's Average Total Inventories for the three months ended in Dec. 2023 was $26.7 Mil. Nordic American Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $62.2 Mil. Hence, Nordic American Tankers's Days Inventory for the three months ended in Dec. 2023 was 39.12.

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

NAT' s Days Inventory Range Over the Past 10 Years
Min: 21.94 Med: 26.84 Max: 44.29
Current: 44.29

During the past 13 years, Nordic American Tankers's highest Days Inventory was 44.29. The lowest was 21.94. And the median was 26.84.

NAT's Days Inventory is ranked worse than
84.12% of 781 companies
in the Transportation industry
Industry Median: 11.49 vs NAT: 44.29

Nordic American Tankers's Days Inventory increased from Dec. 2022 (12.07) to Dec. 2023 (39.12). It might indicate that Nordic American Tankers's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nordic American Tankers's Inventory Turnover for the three months ended in Dec. 2023 was 2.33.

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. Nordic American Tankers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.29.

Nordic American Tankers Days Inventory Historical Data

The historical data trend for Nordic American Tankers'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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Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.72

29.88

27.82

29.72

42.89

Nordic American Tankers 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															12.07	87.42	23.67	75.98	39.12

Competitive Comparison

For the Marine Shipping subindustry, Nordic American Tankers'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.

Nordic American Tankers Days Inventory Distribution

For the Transportation industry and Industrials sector, Nordic American Tankers's Days Inventory distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's Days Inventory falls into.

Nordic American Tankers Days Inventory Calculation

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

Nordic American Tankers'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
=	( (25.43	+	31.183)	/	2 )	/	240.907	*	365
=	28.3065					/	240.907	*	365
=	42.89

Nordic American Tankers'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
=	( (22.192	+	31.183)	/	2 )	/	62.248	*	365 / 4
=	26.6875					/	62.248	*	365 / 4
=	39.12

Nordic American Tankers (NYSE:NAT) 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.

Nordic American Tankers's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	62.248	/	26.6875
	=	2.33

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.

Nordic American Tankers's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.6875	/	92.704
	=	0.29

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.

Nordic American Tankers Days Inventory Related Terms

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

Nordic American Tankers (Nordic American Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.