StealthGas (StealthGas) Inventory Turnover : 11.40 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is StealthGas 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. StealthGas's Cost of Goods Sold for the three months ended in Dec. 2023 was $21.8 Mil. StealthGas's Average Total Inventories for the quarter that ended in Dec. 2023 was $1.9 Mil. StealthGas's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. StealthGas's Days Inventory for the three months ended in Dec. 2023 was 8.00.

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. StealthGas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

StealthGas Inventory Turnover Historical Data

The historical data trend for StealthGas'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.

* Premium members only.

StealthGas Inventory Turnover Chart

StealthGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

46.56

35.46

39.05

36.97

StealthGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.63	9.17	10.07	10.06	11.40

StealthGas Inventory Turnover Calculation

StealthGas's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	107.892	/ (	(2.773	+	3.064)	/	2 )
=	107.892	/	2.9185
=	36.97

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	21.797	/ (	(1.844	+	1.98)	/	2 )
=	21.797	/	1.912
=	11.40

StealthGas (NAS:GASS) 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.

StealthGas'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
	=	1.912	/	21.797	*	365 / 4
	=	8.00

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.

StealthGas'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 )
	=	1.912	/	34.139
	=	0.06

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.

StealthGas Inventory Turnover Related Terms

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

StealthGas (StealthGas) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

S6W:Germany S6W:Germany

Address

331 Kifissias Avenue, Erithrea, Athens, GRC, 14561

Website

https://www.stealthgas.com

StealthGas Inc is an international shipping transportation company. It owns liquefied petroleum gas (LPG) pressurized carriers and provides international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders worldwide. The company carriers carry various petroleum gas products in liquefied forms, such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

Executives

Glendon Opportunities Fund, L.p.	10 percent owner	MAPLES CORPORATE SERVICES LTD., UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104
Glendon Capital Management Lp	10 percent owner	2425 OLYMPIC BLVD, SUITE 500E, SANTA MONICA CA 90404