Ardmore Shipping (Ardmore Shipping) Days Inventory : 29.11 (As of Dec. 2023)

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What is Ardmore Shipping Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ardmore Shipping's Average Total Inventories for the three months ended in Dec. 2023 was $13.7 Mil. Ardmore Shipping's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.0 Mil. Hence, Ardmore Shipping's Days Inventory for the three months ended in Dec. 2023 was 29.11.

The historical rank and industry rank for Ardmore Shipping's Days Inventory or its related term are showing as below:

ASC' s Days Inventory Range Over the Past 10 Years
Min: 21.7 Med: 30.61 Max: 32.68
Current: 31.05

During the past 13 years, Ardmore Shipping's highest Days Inventory was 32.68. The lowest was 21.70. And the median was 30.61.

ASC's Days Inventory is ranked worse than
78.85% of 780 companies
in the Transportation industry
Industry Median: 11.505 vs ASC: 31.05

Ardmore Shipping's Days Inventory declined from Dec. 2022 (32.07) to Dec. 2023 (29.11).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ardmore Shipping's Inventory Turnover for the three months ended in Dec. 2023 was 3.13.

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. Ardmore Shipping's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.14.

Ardmore Shipping Days Inventory Historical Data

The historical data trend for Ardmore Shipping'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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Ardmore Shipping Days Inventory Chart

Ardmore Shipping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.65

32.68

31.55

25.73

30.52

Ardmore Shipping Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															32.07	29.92	32.46	33.62	29.11

Competitive Comparison of Ardmore Shipping's Days Inventory

For the Marine Shipping subindustry, Ardmore Shipping'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.

Ardmore Shipping's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Ardmore Shipping's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ardmore Shipping's Days Inventory falls into.

Ardmore Shipping Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (15.718	+	12.558)	/	2 )	/	169.101	*	365
=	14.138					/	169.101	*	365
=	30.52

Ardmore Shipping's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.895	+	12.558)	/	2 )	/	43.031	*	365 / 4
=	13.7265					/	43.031	*	365 / 4
=	29.11

Ardmore Shipping (NYSE:ASC) 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.

Ardmore Shipping's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.031	/	13.7265
	=	3.13

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.

Ardmore Shipping's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13.7265	/	98.879
	=	0.14

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.

Ardmore Shipping Days Inventory Related Terms

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

Ardmore Shipping (Ardmore Shipping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ardmore Shipping Corp (NYSE:ASC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

A61:Germany A61:Germany

Address

69 Pitts Bay Road, Belvedere Building, Ground Floor, Pembroke, Hamilton, BMU, HM08

Website

https://www.ardmoreshipping.com

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.