Pangaea Logistics Solutions (Pangaea Logistics Solutions) Total Inventories : $16.6 Mil (As of Dec. 2023)

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What is Pangaea Logistics Solutions Total Inventories?

Pangaea Logistics Solutions's total inventories for the quarter that ended in Dec. 2023 was $16.6 Mil. Pangaea Logistics Solutions's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $21.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pangaea Logistics Solutions's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pangaea Logistics Solutions's Days Inventory for the three months ended in Dec. 2023 was 17.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pangaea Logistics Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.37.

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. Pangaea Logistics Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

Pangaea Logistics Solutions Total Inventories Historical Data

The historical data trend for Pangaea Logistics Solutions'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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Pangaea Logistics Solutions Total Inventories Chart

Pangaea Logistics Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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21.00

15.97

27.15

29.10

16.56

Pangaea Logistics Solutions 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															29.10	26.73	27.45	26.35	16.56

Pangaea Logistics Solutions 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.

Pangaea Logistics Solutions (NAS:PANL) 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.

Pangaea Logistics Solutions'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)
=	(99.038	+	0.75 * 47.892	+	0.5 * 16.556	-	334.984
-	0	-	46.31)	/	46.4666
=	-5.12

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

Pangaea Logistics Solutions'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
	=	21.4515	/	115.09	*	365 / 4
	=	17.01

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

Pangaea Logistics Solutions'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 )
	=	115.09	/	21.4515
	=	5.37

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.

Pangaea Logistics Solutions'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 )
	=	21.4515	/	131.877
	=	0.16

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.

Pangaea Logistics Solutions Total Inventories Related Terms

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Pangaea Logistics Solutions (Pangaea Logistics Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pangaea Logistics Solutions Ltd (NAS:PANL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

PGA:Germany

Address

C/o Phoenix Bulk Carriers (US) LLC, 109 Long Wharf, Newport, RI, USA, 02840

Website

https://www.pangaeals.com

Pangaea Logistics Solutions Ltd and its subsidiaries provide seaborne drybulk transportation services. It transports drybulk cargos including grains, coal, iron, ore, pig, iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. The firm's services include cargo loading, cargo discharge, vessel chartering, voyage planning and technical vessel management. The company derives all of its revenues from contracts of affreightment, voyage charters and time charters.

Executives

David Sgro	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Petersen Mads Rosenber Boye	officer: Chief Operating Officer	109 LONG WHARF, NEWPORT RI 02840
Karen H Beachy	director	PO BOX 1400, RAPID CITY SD 57709
Pangaea One Acquisition Holdings Xiv, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, LLC, 505 FIFTH AVENUE, NEW YORK NY 10017
Gianni Delsignore	officer: Chief Financial Officer	257 WICKHAM ROAD, NORTH KINGSTOWN RI 02852
Mark L Filanowski	director	C/O MARINE TRANSPORT CORP, 1200 HARBOR BOULEVARD, WEEHAWKEN NJ 07087
Nam Trinh	director	505 FIFTH AVENUE, 15TH FLOOR, CARTESIAN CAPITAL GROUP, NEW YORK NY 10017
Anthony Laura	officer: See Remarks	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
Edward Coll	director, 10 percent owner, officer: Chief Executive Officer	C/O PANGAEA LOGISTICS SOLUTIONS LTD., 109 LONG WHARF, NEWPORT RI 02840
L.p. Malemod,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Nypsun,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Leggonly,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
L.p. Imfinno,	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Pangaea One Gp, Llc	10 percent owner	C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017