Performance Shipping (Performance Shipping) Inventory Turnover : 4.84 (As of Dec. 2023)

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What is Performance Shipping Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Performance Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $10.7 Mil. Performance Shipping's Average Total Inventories for the quarter that ended in Dec. 2023 was $2.2 Mil. Performance Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Performance Shipping's Days Inventory for the three months ended in Dec. 2023 was 18.87.

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. Performance Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Performance Shipping Inventory Turnover Historical Data

The historical data trend for Performance Shipping's Inventory Turnover 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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Performance Shipping Inventory Turnover Chart

Performance Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.04

13.94

12.44

10.37

15.66

Performance Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															5.43	3.41	14.00	14.16	4.84

Performance Shipping Inventory Turnover Calculation

Performance Shipping's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	41.017	/ (	(3.037	+	2.203)	/	2 )
=	41.017	/	2.62
=	15.66

Performance Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10.652	/ (	(0	+	2.203)	/	1 )
=	10.652	/	2.203
=	4.84

Performance Shipping (NAS:PSHG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Performance Shipping'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
	=	2.203	/	10.652	*	365 / 4
	=	18.87

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.

Performance Shipping'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 )
	=	2.203	/	23.84
	=	0.09

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Performance Shipping Inventory Turnover Related Terms

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Performance Shipping (Performance Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Performance Shipping Inc (NAS:PSHG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DS2:Germany DS2:Germany

Address

373 Syngrou Avenue, 175 64 Palaio Faliro, Athens, GRC, 175 64

Website

https://www.pshipping.com

Performance Shipping Inc is a provider of shipping transportation services through its ownership of tanker vessels. The company's vessels are employed on time charters with liner companies carrying containerized cargo along various shipping routes. It owns and operates eight Aframax tanker vessels.

Executives

Gyllenhammar Ab Peter

10 percent owner

LINNEGATAN 18, STOCKHOLM V7 11447