Global Ship Lease (Global Ship Lease) Days Inventory : 17.76 (As of Dec. 2023)

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What is Global Ship Lease Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global Ship Lease's Average Total Inventories for the three months ended in Dec. 2023 was $14.9 Mil. Global Ship Lease's Cost of Goods Sold for the three months ended in Dec. 2023 was $76.7 Mil. Hence, Global Ship Lease's Days Inventory for the three months ended in Dec. 2023 was 17.76.

The historical rank and industry rank for Global Ship Lease's Days Inventory or its related term are showing as below:

GSL' s Days Inventory Range Over the Past 10 Years
Min: 2.24 Med: 13.64 Max: 17.35
Current: 16.62

During the past 13 years, Global Ship Lease's highest Days Inventory was 17.35. The lowest was 2.24. And the median was 13.64.

GSL's Days Inventory is ranked better than
60.44% of 680 companies
in the Business Services industry
Industry Median: 29.11 vs GSL: 16.62

Global Ship Lease's Days Inventory increased from Dec. 2022 (14.92) to Dec. 2023 (17.76). It might indicate that Global Ship Lease's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Ship Lease's Inventory Turnover for the three months ended in Dec. 2023 was 5.14.

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. Global Ship Lease's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.08.

Global Ship Lease Days Inventory Historical Data

The historical data trend for Global Ship Lease'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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Global Ship Lease Days Inventory Chart

Global Ship Lease Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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14.74

13.50

15.78

15.99

17.35

Global Ship Lease 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															14.92	15.63	15.75	16.49	17.76

Competitive Comparison of Global Ship Lease's Days Inventory

For the Rental & Leasing Services subindustry, Global Ship Lease'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.

Global Ship Lease's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Global Ship Lease's Days Inventory distribution charts can be found below:

* The bar in red indicates where Global Ship Lease's Days Inventory falls into.

Global Ship Lease Days Inventory Calculation

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

Global Ship Lease'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
=	( (12.237	+	15.764)	/	2 )	/	294.53	*	365
=	14.0005					/	294.53	*	365
=	17.35

Global Ship Lease'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
=	( (14.114	+	15.764)	/	2 )	/	76.741	*	365 / 4
=	14.939					/	76.741	*	365 / 4
=	17.76

Global Ship Lease (NYSE:GSL) 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.

Global Ship Lease's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	76.741	/	14.939
	=	5.14

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.

Global Ship Lease's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.939	/	177.377
	=	0.08

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.

Global Ship Lease Days Inventory Related Terms

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

Global Ship Lease (Global Ship Lease) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Global Ship Lease Inc (NYSE:GSL) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GSLpB.PFD:USA 37H:Germany 37H:Germany

Address

25 Wilton Road, London, GBR, SW1V 1LW

Website

https://www.globalshiplease.com

Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 containerships.

Executives

Integrated Core Strategies (us) Llc	10 percent owner	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Nisswa Acquisition Master Fund Ltd.	10 percent owner	C/O MAPLES CORPORATE SVCS LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Israel A Englander	other: May be deemed a group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022
Millenco, L.l.c.	10 percent owner	C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Management Llc	other: May be deemed a group member.	399 PARK AVENUE, NEW YORK NY 10022
Integrated Holding Group, L.p.	other: May be deemed a group member.	C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103-0899
Millennium International Management Lp	other: May be deemed a group member.	399 PARK AVENUE, NEW YORK NY 10022
Cognizant Holdings, Ltd.	other: May be deemed a group member.	C/O MILLENNIUM INTERNATIONAL MGMT. LP, 666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Millennium Group Management Llc	other: May be deemed a group member.	C/O MILLENNIUM MANAGEMENT LLC, 399 PARK AVENUE, NEW YORK NY 10022