Navios Maritime Partners LP (Navios Maritime Partners LP) Total Inventories

: $38 Mil (As of Dec. 2023)

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Navios Maritime Partners LP's total inventories for the quarter that ended in Dec. 2023 was $38 Mil. Navios Maritime Partners LP's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $19 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Navios Maritime Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-67.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Navios Maritime Partners LP's Days Inventory for the three months ended in Dec. 2023 was 8.66.

Inventory Turnover measures how fast the company turns over its inventory within a year. Navios Maritime Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.54.

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. Navios Maritime Partners LP's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Navios Maritime Partners LP Total Inventories Historical Data

The historical data trend for Navios Maritime Partners LP's Total Inventories 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.

Navios Maritime Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

6.28

6.27

21.07

32.67

37.57

Navios Maritime Partners LP Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																32.67	-	-	-	37.57

Navios Maritime Partners LP Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Navios Maritime Partners LP (NYSE:NMM) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Navios Maritime Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(287.378	+	0.75 * 42.237	+	0.5 * 37.566	-	2377.114
-	0	-	0)	/	30.1844
=	-67.56

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

Navios Maritime Partners LP's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	18.783	/	198.025	*	365 / 4
	=	8.66

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Navios Maritime Partners LP's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	198.025	/	18.783
	=	10.54

4. 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.

Navios Maritime Partners LP's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	18.783	/	327.253
	=	0.06

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Navios Maritime Partners LP Total Inventories Related Terms

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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

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Traded in Other Exchanges

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Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.