Pyxis Tankers (Pyxis Tankers) Days Inventory : 20.91 (As of Dec. 2023)

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What is Pyxis Tankers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pyxis Tankers's Average Total Inventories for the three months ended in Dec. 2023 was $1.37 Mil. Pyxis Tankers's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.98 Mil. Hence, Pyxis Tankers's Days Inventory for the three months ended in Dec. 2023 was 20.91.

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

PXS' s Days Inventory Range Over the Past 10 Years
Min: 9.12 Med: 12.18 Max: 22.29
Current: 19.91

During the past 11 years, Pyxis Tankers's highest Days Inventory was 22.29. The lowest was 9.12. And the median was 12.18.

PXS's Days Inventory is ranked better than
63.29% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs PXS: 19.91

Pyxis Tankers's Days Inventory declined from Dec. 2022 (23.63) to Dec. 2023 (20.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pyxis Tankers's Inventory Turnover for the three months ended in Dec. 2023 was 4.36.

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. Pyxis Tankers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Pyxis Tankers Days Inventory Historical Data

The historical data trend for Pyxis Tankers'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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Pyxis Tankers Days Inventory Chart

Pyxis Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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10.29

11.02

15.23

17.66

22.29

Pyxis Tankers 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															23.63	17.93	17.54	20.75	20.91

Competitive Comparison of Pyxis Tankers's Days Inventory

For the Oil & Gas Midstream subindustry, Pyxis Tankers'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.

Pyxis Tankers's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pyxis Tankers's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pyxis Tankers's Days Inventory falls into.

Pyxis Tankers Days Inventory Calculation

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

Pyxis Tankers'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
=	( (1.911	+	0.957)	/	2 )	/	23.478	*	365
=	1.434					/	23.478	*	365
=	22.29

Pyxis Tankers'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
=	( (1.782	+	0.957)	/	2 )	/	5.977	*	365 / 4
=	1.3695					/	5.977	*	365 / 4
=	20.91

Pyxis Tankers (NAS:PXS) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.977	/	1.3695
	=	4.36

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.3695	/	13.249
	=	0.10

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.

Pyxis Tankers Days Inventory Related Terms

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

Pyxis Tankers (Pyxis Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pyxis Tankers Inc (NAS:PXS) » Definitions » Days Inventory

Comparable Companies

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PXSAP.PFD:USA

Address

59 K. Karamanli Street, Maroussi, GRC, 15125

Website

http://www.pyxistankers.com

Pyxis Tankers Inc is an international maritime transportation company that focuses on the product tanker sector. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Pyxis Epsilon, Pyxis Theta, Pyxis Malou, Northsea Alpha, and Northsea Beta. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals.