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. Star Bulk Carriers's Average Total Inventories for the quarter that ended in Dec. 2023 was $68.7 Mil. Star Bulk Carriers's Revenue for the
three
months ended in Dec. 2023 was $263.5 Mil.
Star Bulk Carriers's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.
Star Bulk Carriers's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.31) to Sep. 2023 (0.26)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Star Bulk Carriers's Days Inventory for the
three
months ended in Dec. 2023 was 35.09.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Star Bulk Carriers's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.60.
Star Bulk Carriers Inventory-to-Revenue Historical Data
The historical data trend for Star Bulk Carriers's Inventory-to-Revenue 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.
Competitive Comparison of Star Bulk Carriers's Inventory-to-Revenue
For the Marine Shipping subindustry, Star Bulk Carriers's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Star Bulk Carriers's Inventory-to-Revenue Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Star Bulk Carriers's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Star Bulk Carriers's Inventory-to-Revenue falls into.
Star Bulk Carriers Inventory-to-Revenue Calculation
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.
Star Bulk Carriers's Inventory-to-Revenue 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.
Star Bulk Carriers (NAS:SBLK) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Star Bulk Carriers's Days Inventory 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.
Star Bulk Carriers Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Star Bulk Carriers's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Star Bulk Carriers (Star Bulk Carriers) Business Description
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.
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