Safe Bulkers (Safe Bulkers) Days Inventory

: 38.57 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Safe Bulkers's Average Total Inventories for the three months ended in Dec. 2023 was $16.7 Mil. Safe Bulkers's Cost of Goods Sold for the three months ended in Dec. 2023 was $39.4 Mil. Hence, Safe Bulkers's Days Inventory for the three months ended in Dec. 2023 was 38.57.

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

SB' s Days Inventory Range Over the Past 10 Years
Min: 12.94 Med: 24.1 Max: 38.36
Current: 37.58

During the past 13 years, Safe Bulkers's highest Days Inventory was 38.36. The lowest was 12.94. And the median was 24.10.

SB's Days Inventory is ranked worse than
81.82% of 781 companies
in the Transportation industry
Industry Median: 11.52 vs SB: 37.58

Safe Bulkers's Days Inventory declined from Dec. 2022 (42.13) to Dec. 2023 (38.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Safe Bulkers's Inventory Turnover for the three months ended in Dec. 2023 was 2.37.

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. Safe Bulkers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.20.

Safe Bulkers Days Inventory Historical Data

The historical data trend for Safe Bulkers'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.

* Premium members only.

Safe Bulkers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

18.45

23.43

28.14

33.93

37.58

Safe Bulkers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																42.13	38.71	-	-	38.57

Competitive Comparison

For the Marine Shipping subindustry, Safe Bulkers'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.

Safe Bulkers Days Inventory Distribution

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

* The bar in red indicates where Safe Bulkers's Days Inventory falls into.

Safe Bulkers Days Inventory Calculation

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

Safe Bulkers'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
=	( (17.323	+	16.652)	/	2 )	/	164.996	*	365
=	16.9875					/	164.996	*	365
=	37.58

Safe Bulkers'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
=	( (0	+	16.652)	/	1 )	/	39.395	*	365 / 4
=	16.652					/	39.395	*	365 / 4
=	38.57

Safe Bulkers (NYSE:SB) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.395	/	16.652
	=	2.37

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16.652	/	82.289
	=	0.20

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.

Safe Bulkers Days Inventory Related Terms

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

Safe Bulkers (Safe Bulkers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Safe Bulkers Inc (NYSE:SB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SBpD.PFD:USA SBpC.PFD:USA SBL:Germany

Address

6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000

Website

https://www.safebulkers.com

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.