TOP Ships (STU:UER) Days Inventory

: 5.65 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). TOP Ships's Average Total Inventories for the six months ended in Dec. 2023 was €0.91 Mil. TOP Ships's Cost of Goods Sold for the six months ended in Dec. 2023 was €29.31 Mil. Hence, TOP Ships's Days Inventory for the six months ended in Dec. 2023 was 5.65.

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

STU:UER' s Days Inventory Range Over the Past 10 Years
Min: 5.73 Med: 7.64 Max: 58.75
Current: 8.05

During the past 13 years, TOP Ships's highest Days Inventory was 58.75. The lowest was 5.73. And the median was 7.64.

STU:UER's Days Inventory is ranked better than
83.26% of 729 companies
in the Oil & Gas industry
Industry Median: 31.63 vs STU:UER: 8.05

TOP Ships's Days Inventory increased from Dec. 2022 (5.59) to Dec. 2023 (5.65). It might indicate that TOP Ships's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TOP Ships's Inventory Turnover for the six months ended in Dec. 2023 was 32.30.

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. TOP Ships's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

TOP Ships Days Inventory Historical Data

The historical data trend for TOP Ships'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.

TOP Ships Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

5.68

7.06

5.85

6.80

7.94

TOP Ships Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory																4.48	11.54	5.59	14.40	5.65

Competitive Comparison

For the Oil & Gas Midstream subindustry, TOP Ships'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.

TOP Ships Days Inventory Distribution

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

* The bar in red indicates where TOP Ships's Days Inventory falls into.

TOP Ships Days Inventory Calculation

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

TOP Ships'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
=	( (0.969	+	0.839)	/	2 )	/	41.563	*	365
=	0.904					/	41.563	*	365
=	7.94

TOP Ships'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.976	+	0.839)	/	2 )	/	29.314	*	365 / 2
=	0.9075					/	29.314	*	365 / 2
=	5.65

TOP Ships (STU:UER) 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.

TOP Ships's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29.314	/	0.9075
	=	32.30

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.

TOP Ships's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9075	/	38.334
	=	0.02

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.

TOP Ships Days Inventory Related Terms

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

TOP Ships (STU:UER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TOP Ships Inc (STU:UER) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TOPS:USA UER0:Germany

Address

1 Vasilisis Sofias and Megalou Alexandrou Street, Maroussi, GRC, 15124

Website

https://www.topships.org

TOP Ships Inc owns tanker vessels throughout the world. The company focuses on the transportation of petroleum products (clean and dirty) and bulk liquid chemicals. It generates revenue from the Time Charter agreements.

TOP Ships (STU:UER) Headlines

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