Days Inventory is also known as Days Sales of Inventory (DSI). Genco Shipping & Trading's Average Total Inventories for the
three
months ended in Dec. 2023 was $27.2 Mil. Genco Shipping & Trading's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $86.9 Mil.
Hence, Genco Shipping & Trading's Days Inventory for the
three
months ended in Dec. 2023 was 28.51.
The historical rank and industry rank for Genco Shipping & Trading's Days Inventory or its related term are showing as below:
GNK'
s Days Inventory Range Over the Past 10 Years
Min: 17.69 Med: 26.25 Max: 28.96
Current: 28.66
During the past 13 years, Genco Shipping & Trading's highest Days Inventory was 28.96. The lowest was 17.69. And the median was 26.25.
GNK's Days Inventory is ranked worse than 76.25% of 783
companies
in the Transportation industry
Industry Median: 11.57
vs GNK: 28.66
Genco Shipping & Trading's Days Inventory
increased
from Dec. 2022 (27.92) to Dec. 2023 (28.51).
It might indicate that Genco Shipping & Trading's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Genco Shipping & Trading's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.20.
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.
Genco Shipping & Trading's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.24.
Genco Shipping & Trading Days Inventory Historical Data
The historical data trend for Genco Shipping & Trading'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.
Genco Shipping & Trading Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
28.91
27.84
26.25
24.73
27.95
Genco Shipping & Trading Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
27.92
26.12
31.62
29.54
28.51
Competitive Comparison
For the Marine Shipping subindustry, Genco Shipping & Trading'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.
Genco Shipping & Trading Days Inventory Distribution
For the Transportation industry and Industrials sector, Genco Shipping & Trading's Days Inventory distribution charts can be found below:
* The bar in red indicates where Genco Shipping & Trading's Days Inventory falls into.
Genco Shipping & Trading Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Genco Shipping & Trading's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Genco Shipping & Trading (NYSE:GNK) 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.
Genco Shipping & Trading's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Genco Shipping & Trading's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Genco Shipping & Trading Days Inventory Related Terms
Thank you for viewing the detailed overview of Genco Shipping & Trading's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Genco Shipping & Trading (Genco Shipping & Trading) Business Description
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.
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