Teekay Tankers (Teekay Tankers) Days Inventory : 23.94 (As of Dec. 2023)

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What is Teekay Tankers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Teekay Tankers's Average Total Inventories for the three months ended in Dec. 2023 was $52 Mil. Teekay Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $200 Mil. Hence, Teekay Tankers's Days Inventory for the three months ended in Dec. 2023 was 23.94.

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

TNK' s Days Inventory Range Over the Past 10 Years
Min: 11.61 Med: 24.84 Max: 26.46
Current: 26.46

During the past 13 years, Teekay Tankers's highest Days Inventory was 26.46. The lowest was 11.61. And the median was 24.84.

TNK's Days Inventory is ranked better than
54.66% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs TNK: 26.46

Teekay Tankers's Days Inventory declined from Dec. 2022 (28.87) to Dec. 2023 (23.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Teekay Tankers's Inventory Turnover for the three months ended in Dec. 2023 was 3.81.

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. Teekay Tankers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

Teekay Tankers Days Inventory Historical Data

The historical data trend for Teekay 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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Teekay Tankers Days Inventory Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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17.11

24.26

25.42

25.96

26.29

Teekay 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															28.87	28.68	27.80	25.57	23.94

Competitive Comparison of Teekay Tankers's Days Inventory

For the Oil & Gas Midstream subindustry, Teekay 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.

Teekay Tankers's Days Inventory Distribution in the Oil & Gas Industry

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

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

Teekay Tankers Days Inventory Calculation

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

Teekay 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
=	( (60.832	+	53.219)	/	2 )	/	791.718	*	365
=	57.0255					/	791.718	*	365
=	26.29

Teekay 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
=	( (51.678	+	53.219)	/	2 )	/	199.889	*	365 / 4
=	52.4485					/	199.889	*	365 / 4
=	23.94

Teekay Tankers (NYSE:TNK) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	199.889	/	52.4485
	=	3.81

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	52.4485	/	313.291
	=	0.17

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.

Teekay Tankers Days Inventory Related Terms

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

Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Days Inventory

Comparable Companies

DHT KNTK LPG GLP GLNG INSW GEL NVGS HESM NS TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.