DryShips (DryShips) Inventory Turnover : 4.05 (As of Jun. 2019)

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What is DryShips Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. DryShips's Cost of Goods Sold for the three months ended in Jun. 2019 was $39.3 Mil. DryShips's Average Total Inventories for the quarter that ended in Jun. 2019 was $9.7 Mil. DryShips's Inventory Turnover for the quarter that ended in Jun. 2019 was 4.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DryShips's Days Inventory for the three months ended in Jun. 2019 was 22.51.

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. DryShips's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.24.

DryShips Inventory Turnover Historical Data

The historical data trend for DryShips's Inventory Turnover 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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DryShips Inventory Turnover Chart

DryShips Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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61.43

55.72

17.23

16.90

13.47

DryShips Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															4.12	3.65	2.88	3.13	4.05

DryShips Inventory Turnover Calculation

DryShips's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	125.948	/ (	(7.79	+	10.907)	/	2 )
=	125.948	/	9.3485
=	13.47

DryShips's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	39.304	/ (	(9.06	+	10.328)	/	2 )
=	39.304	/	9.694
=	4.05

DryShips (NAS:DRYS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

DryShips's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	9.694	/	39.304	*	365 / 4
	=	22.51

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.

DryShips's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	9.694	/	40.495
	=	0.24

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

DryShips Inventory Turnover Related Terms

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DryShips (DryShips) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DryShips Inc (NAS:DRYS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

c/o Dryships Management Services Inc, 109 Kifissias Avenue and Sina Street, Marousi, Athens, GRC, 151 24

Website

http://www.dryships.com

DryShips Inc is engaged in the shipping industry in the United States. The company operates as a provider of dry bulk commodities transportation services for the steel, electric utility, construction and agri-food industries. It operates through the dry bulk carrier and offshore support services divisions. Through this division, it operates as a provider of offshore support services to the offshore energy industry. The company owns a fleet of Panamax dry bulk vessels, Newcastlemax dry bulk vessels, Aframax tankers and gas carriers.