Nordic American Tankers (Nordic American Tankers) Change In Inventory : $0.0 Mil (TTM As of Dec. 2023)

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What is Nordic American Tankers Change In Inventory?

Nordic American Tankers's change in inventory for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Nordic American Tankers's inventory stayed the same from Sep. 2023 to Dec. 2023 .

Nordic American Tankers's change in inventory for the fiscal year that ended in Dec. 2023 was $-5.8 Mil. It means Nordic American Tankers's inventory increased by $5.8 Mil from Dec. 2022 to Dec. 2023 .

Nordic American Tankers's Total Inventories for the quarter that ended in Dec. 2023 was $31.2 Mil.

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 quarter that ended in Dec. 2023 was 15.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nordic American Tankers's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.93.

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 quarter that ended in Dec. 2023 was 0.14.

Nordic American Tankers Change In Inventory Historical Data

The historical data trend for Nordic American Tankers's Change In 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 Change In Inventory Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.18

3.07

-1.47

-4.56

-5.75

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
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Nordic American Tankers Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Nordic American Tankers (NYSE:NAT) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	26.6875	/	158.305	*	365 / 4
	=	15.38

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	158.305	/	26.6875
	=	5.93

3. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.6875	/	188.76
	=	0.14

Nordic American Tankers Change In Inventory Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry

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