Thessaloniki Port Authority (ATH:OLTH) Days Inventory : 24.42 (As of Jun. 2023)

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What is Thessaloniki Port Authority Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thessaloniki Port Authority's Average Total Inventories for the six months ended in Jun. 2023 was €3.19 Mil. Thessaloniki Port Authority's Cost of Goods Sold for the six months ended in Jun. 2023 was €23.88 Mil. Hence, Thessaloniki Port Authority's Days Inventory for the six months ended in Jun. 2023 was 24.42.

The historical rank and industry rank for Thessaloniki Port Authority's Days Inventory or its related term are showing as below:

ATH:OLTH' s Days Inventory Range Over the Past 10 Years
Min: 16.29 Med: 20.15 Max: 24.72
Current: 21.78

During the past 13 years, Thessaloniki Port Authority's highest Days Inventory was 24.72. The lowest was 16.29. And the median was 20.15.

ATH:OLTH's Days Inventory is ranked worse than
69.44% of 782 companies
in the Transportation industry
Industry Median: 11.545 vs ATH:OLTH: 21.78

Thessaloniki Port Authority's Days Inventory increased from Jun. 2022 (16.93) to Jun. 2023 (24.42). It might indicate that Thessaloniki Port Authority's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thessaloniki Port Authority's Inventory Turnover for the six months ended in Jun. 2023 was 7.47.

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. Thessaloniki Port Authority's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.08.

Thessaloniki Port Authority Days Inventory Historical Data

The historical data trend for Thessaloniki Port Authority'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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Thessaloniki Port Authority Days Inventory Chart

Thessaloniki Port Authority Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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20.74

17.22

16.81

16.29

18.44

Thessaloniki Port Authority Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															15.33	15.93	16.93	19.23	24.42

Competitive Comparison of Thessaloniki Port Authority's Days Inventory

For the Marine Shipping subindustry, Thessaloniki Port Authority'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.

Thessaloniki Port Authority's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Thessaloniki Port Authority's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thessaloniki Port Authority's Days Inventory falls into.

Thessaloniki Port Authority Days Inventory Calculation

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

Thessaloniki Port Authority'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
=	( (1.985	+	2.907)	/	2 )	/	48.416	*	365
=	2.446					/	48.416	*	365
=	18.44

Thessaloniki Port Authority's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.907	+	3.482)	/	2 )	/	23.876	*	365 / 2
=	3.1945					/	23.876	*	365 / 2
=	24.42

Thessaloniki Port Authority (ATH:OLTH) 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.

Thessaloniki Port Authority's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.876	/	3.1945
	=	7.47

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.

Thessaloniki Port Authority's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.1945	/	41.226
	=	0.08

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.

Thessaloniki Port Authority Days Inventory Related Terms

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

Thessaloniki Port Authority (ATH:OLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thessaloniki Port Authority SA (ATH:OLTH) » Definitions » Days Inventory

Traded in Other Exchanges

03P:Germany

Address

?'provlita Limenos Thessalonikis, P.O. B?x 10467, Thessaloniki, GRC, 54110

Website

http://www.thpa.gr

Thessaloniki Port Authority SA is a shipping company based in Greece. It manages the port of Thessaloniki and provides ship berthing, anchoring, mooring, loading, unloading and cargo handling and passenger services along with add-on services like water, electricity, telephone connections, The company's operational areas are categorized into four, which are vessels, containers, event halls and parking services. Most of its revenues are obtained from its container and vessel operations catering to industries, shipping agents, container transportation companies, and freight transport companies. The Event halls are another aspect of its service area, wherein the company provides premises to host multipurpose activities.

Thessaloniki Port Authority (ATH:OLTH) Headlines

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