Tsakos Energy Navigation (Tsakos Energy Navigation) Days Inventory

: 15.04 (As of Sep. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Tsakos Energy Navigation's Average Total Inventories for the three months ended in Sep. 2023 was $21.0 Mil. Tsakos Energy Navigation's Cost of Goods Sold for the three months ended in Sep. 2023 was $127.3 Mil. Hence, Tsakos Energy Navigation's Days Inventory for the three months ended in Sep. 2023 was 15.04.

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

TNP' s Days Inventory Range Over the Past 10 Years
Min: 13.16 Med: 14.99 Max: 18.39
Current: 18.39

During the past 13 years, Tsakos Energy Navigation's highest Days Inventory was 18.39. The lowest was 13.16. And the median was 14.99.

TNP's Days Inventory is ranked better than
65.29% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs TNP: 18.39

Tsakos Energy Navigation's Days Inventory declined from Sep. 2022 (20.32) to Sep. 2023 (15.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsakos Energy Navigation's Inventory Turnover for the three months ended in Sep. 2023 was 6.07.

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. Tsakos Energy Navigation's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.11.

Tsakos Energy Navigation Days Inventory Historical Data

The historical data trend for Tsakos Energy Navigation'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.

* Premium members only.

Tsakos Energy Navigation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

14.41

13.37

13.16

14.99

15.63

Tsakos Energy Navigation Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory																20.32	17.06	17.58	15.13	15.04

Competitive Comparison

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

Tsakos Energy Navigation Days Inventory Distribution

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

* The bar in red indicates where Tsakos Energy Navigation's Days Inventory falls into.

Tsakos Energy Navigation Days Inventory Calculation

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

Tsakos Energy Navigation'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
=	( (22.918	+	26.217)	/	2 )	/	573.753	*	365
=	24.5675					/	573.753	*	365
=	15.63

Tsakos Energy Navigation'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
=	( (20.986	+	0)	/	1 )	/	127.307	*	365 / 4
=	20.986					/	127.307	*	365 / 4
=	15.04

Tsakos Energy Navigation (NYSE:TNP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	127.307	/	20.986
	=	6.07

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20.986	/	186.659
	=	0.11

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.

Tsakos Energy Navigation Days Inventory Related Terms

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

Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Days Inventory

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.