Diana Shipping (Diana Shipping) Total Inventories : $5.1 Mil (As of Dec. 2023)

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What is Diana Shipping Total Inventories?

Diana Shipping's total inventories for the quarter that ended in Dec. 2023 was $5.1 Mil. Diana Shipping's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $2.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Diana Shipping's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diana Shipping's Days Inventory for the three months ended in Dec. 2023 was 6.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Diana Shipping's Inventory Turnover for the quarter that ended in Dec. 2023 was 14.38.

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. Diana Shipping's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Diana Shipping Total Inventories Historical Data

The historical data trend for Diana Shipping'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.

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Diana Shipping Total Inventories Chart

Diana Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5.53

4.72

6.09

4.55

5.06

Diana Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															4.55	-	4.64	-	5.06

Diana Shipping 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.

Diana Shipping (NYSE:DSX) 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.

Diana Shipping'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)
=	(162.321	+	0.75 * 5.87	+	0.5 * 5.056	-	677.389
-	0.026	-	0)	/	113.066
=	-4.49

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

Diana 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
	=	2.528	/	36.354	*	365 / 4
	=	6.35

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

Diana Shipping'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 )
	=	36.354	/	2.528
	=	14.38

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.

Diana 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 )
	=	2.528	/	60.016
	=	0.04

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.

Diana Shipping Total Inventories Related Terms

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Diana Shipping (Diana Shipping) Business Description

Industry

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DSXpB.PFD:USA DSZ:Germany

Address

175 64 Palaio Faliro, Pendelis 16, Athens, GRC, 175 64

Website

https://www.dianashippinginc.com

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels. The operation of the vessels is the main source of revenue generation, the services provided by the vessels are similar and all operate under the same economic environment.