Castor Maritime (Castor Maritime) Total Inventories : $0.98 Mil (As of Dec. 2023)

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What is Castor Maritime Total Inventories?

Castor Maritime's total inventories for the quarter that ended in Dec. 2023 was $0.98 Mil. Castor Maritime's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1.21 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Castor Maritime's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $4.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Castor Maritime's Days Inventory for the three months ended in Dec. 2023 was 6.88.

Inventory Turnover measures how fast the company turns over its inventory within a year. Castor Maritime's Inventory Turnover for the quarter that ended in Dec. 2023 was 13.27.

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. Castor Maritime's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Castor Maritime Total Inventories Historical Data

The historical data trend for Castor Maritime's Total Inventories 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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Castor Maritime Total Inventories Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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0.14

0.72

4.44

1.94

0.98

Castor Maritime Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															1.94	-	1.96	1.44	0.98

Castor Maritime Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Castor Maritime (NAS:CTRM) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Castor Maritime's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(188.473	+	0.75 * 2.915	+	0.5 * 0.978	-	94.312
-	49.55	-	0)	/	9.66239
=	4.89

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

Castor Maritime's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.208	/	16.029	*	365 / 4
	=	6.88

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Castor Maritime's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	16.029	/	1.208
	=	13.27

4. 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.

Castor Maritime's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.208	/	26.364
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Castor Maritime Total Inventories Related Terms

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Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Total Inventories

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1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.